Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
OSCE says preparations for talks on Transnistria to begin in near futureWorld January 18, 18:15
About 1,500 officials may attend Arctic ForumBusiness & Economy January 18, 17:38
Russia, Turkey conducting first joint air operation against Islamic StateMilitary & Defense January 18, 17:20
Austria as OSCE chair to strengthen monitor mission in Ukraine — top diplomatWorld January 18, 17:14
Russian food inflation declines threefold in 2016 — Central BankBusiness & Economy January 18, 17:01
Russian observers to monitor elections in France, SerbiaRussian Politics & Diplomacy January 18, 16:49
MOSCOW, July 4. /TASS/. Onexim Group has not made any decisions on sale of all its Russian assets, the company reported Monday with reference to Chief Executive Officer Dmitry Razumov.
"Onexim Group is one of the biggest investment funds in the country with interests in many sectors of the economy. Our numerous assets are constantly undergoing changes, we’re constantly in talks on acquisitions and sales, on attracting partners regarding this or that asset. Many of these negotiations last for several years. It is inaccurate to draw an inference from the fact of negotiations about "selling all assets in Russia." We have taken no "decisions" in this respect," Razumov said.
Earlier on Monday Vedomosti business daily reported with reference to sources that Onexim Group owned by businessman Mikhail Prokhorov was selling all its assets.
"The Group has been, is and will remain an important player on the Russian market and will keep a strategic interest in investing in our country. This primarily concerns the financial sector where we plan to be keenly focused on the development of our banking institutions - Renaissance Credit, Renaissance Capital, International Financial Club and Soglasie Insurance Company," he added.
On April 14 and 15, the Federal Security Service’s officers raided offices of Onexim Group’s companies.
According to Vedomosti, the decision to sell assets may be linked to the searches.
Onexim owns stakes in the mining industry (Rusal aluminium giant, Uralkali potash company), finances (Soglasie Insurance Company, Renaissance Capital and Renaissance Credit, International Financial Club), energy sector (Quadra power generator), real estate (OPIN) and media (RBC media holding, Snob).
Forbes estimates Prokhorov’s fortune at $7,6 bln. The businessman also owns 100% of Brooklyn Nets basketball team.