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Reuters
Reuters
Business
David Gauthier-Villars and Gabriela Baczynska

How a Russian billionaire shielded assets from European sanctions

Andrey Melnichenko EuroChem Russia SUEK Europe European Union Vladimir Putin SECO United Nations Ukraine
FILE PHOTO: Russian billionaire Andrei Melnichenko attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, Russia February 9, 2018. REUTERS/Sergei Karpukhin/File Photo

(This May 27 story corrects paragraph 30 to say that EuroChem produces roughly 5%, not roughly 10%, of world fertilizer output)

ISTANBUL/BRUSSELS (Reuters) - 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.

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