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Reuters

Politics

Ukrainian court seizes assets of Russian billionaire Mikhail Fridman - prosecutor general

Mikhail Fridman Russia Iryna Venediktova Ukraine

FILE PHOTO: Russian businessman, co-founder of Alfa-Group Mikhail Fridman attends a conference of the Israeli Keren Hayesod foundation in Moscow, Russia, September 17, 2019. Pavel Golovkin/Pool via REUTERS

A Ukrainian court has seized assets of Russian billionaire Mikhail Fridman worth 12.4 billion hryvnia ($420 million), Ukrainian Prosecutor General Iryna Venediktova said on Monday.

She wrote on Facebook that the assets were securities in Cypriot companies that were held in Ukraine. Fridman has been sanctioned by the European Union as part of the EU's response to Russia's invasion of Ukraine.

FILE PHOTO: Ukraine's Prosecutor General Iryna Venediktova holds a news briefing, as Russia's attack on Ukraine continues, in the town of Irpin, outside Kyiv, Ukraine May 3, 2022. REUTERS/Valentyn Ogirenko

(Reporting by Natalia Zinets, Editing by Timothy Heritage, William Maclean)

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