Russian billionaire offers $1 billion to Ukraine in hope of sanctions relief

Mikhail Fridman, one of Russia’s richest businessmen.

wsj

6 min read . Updated: 10 Sep 2022, 03:24 PM IST Brett Forrest, The Wall Street Journal

Facing frozen assets and blacklisting, Alfa Bank’s owner and other Russians oligarchs look to cut their own deals with the West, according to officials

Russian businessman Mikhail Fridman is offering to transfer $1 billion of his personal wealth into a Ukrainian bank he co-founded, a proposal that people familiar with the issue said is intended to persuade the U.K. to lift sanctions against him.

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