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MEGAFON RISKS BECOMING BANKRUPT DUE TO SANCTIONS AGAINST ALISHER USMANOV

... Copper. Financial losses, according to Usmanov, can turn out to be "irreparable damage" and will probably affect the lives of hundreds of thousands of employees and their families. The statement states that the risks of default of the three holding companies were confirmed by the conclusions of reputable audit companies. The document reports that Usmanov was sanctioned as a "pro-Kremlin oligarch" who has "close ties with the president of Russia." According to the drafters of the sanctions list, Usmanov could act as a financial cover for the head of the Russian Federation. It is reported that according to FinCEN, Putin's ...

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