Apr 3, 2022
How a Russian billionaire shielded assets from European sanctions
ISTANBUL/BRUSSELS – Russian businessman Andrey Melnichenko ceded ownership of two of the world’s largest coal and fertilizers companies to his wife the day before he was sanctioned by the European Union, according to three people familiar with the matter. Melnichenko, who built his fortune in the years following the 1991 fall of the Soviet Union,