The Latest Breaking News from LetterOne

Sanctioned Russian oligarchs allowed to invest in UK North Sea oil producer

Critics say Labour should ‘have run a mile’ from LetterOne after it acquires 15% of Aberdeen-based Harbour Energy

The Guardian - UK · Sep 4, 2024

'Security risk': Sanctioned Russian oligarchs buy stake in Scotland-based oil giant

THE UK Government is facing criticism after two sanctioned Russian oligarchs became part-owners of a Scotland-based oil company.

The National (Scotland) · Sep 4, 2024

Tory party’s ex-chair to be paid to advise firm with links to sanctions-hit Russians

MP Brandon Lewis will be paid £250,000 a year by LetterOne, investment group 49% owned by two oligarchs

The Guardian - UK · Nov 17, 2023

Russian oligarch complains ‘I can’t even pay in a restaurant’ after UK sanctions

‘I can’t even pay in a restaurant. I have to eat at home and I am practically under house arrest,’ he said

Evening Standard · Mar 28, 2022

Billionaire Russian oligarch sanctioned in UK complains he has to eat at home after credit cards blocked

He ranked as the 128th richest person in the world last year

The Independent UK · Mar 28, 2022

Goldman Sachs Pauses Relations With Sanctioned Oligarch Linked PE Firm: FT

Goldman Sachs Group (NYSE:GS) and Kirkland & Ellis halted new business with Pamplona Capital Management, the Financial Times reports. Sanctioned oligarch Mikhail Fridman's LetterOne investment group accounted for 80% of the funds of the $9 billion private equity firm.  Waystone, a Cayman Islands firm, resigned from every role with Pamplona funds on…

Benzinga · Mar 25, 2022

Welsh politician refuses to step down from investment firm with strong links to Putin's Russia

Mervyn Davies is chairman of Letter One, which is is worth £17bn and its major shareholders are Russian oligarchs linked to the Kremlin, Petr Aven and Mikhail Friedman

Wales Online · Mar 18, 2022

Russian bond default ‘imminent’, as inflation jumps; markets surge as oil falls back – as it happened

UK announces new aviation sanctions against Russia and investigates plane at Farnborough

The Guardian - UK · Mar 9, 2022

Three more Russian billionaires resign from LetterOne board

Two UK-based oligarchs had shares in Holland & Barrett owner frozen last week

The Guardian - UK · Mar 7, 2022

German chancellor Scholz pushes back against Russian energy import ban, as oil and gas climb – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · Mar 7, 2022