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Sanctions

Russian oligarch transfers stake in multi-billion euro company to his wife amid European sanctions as Swiss parliamentarians demand legal review

By Elizabeth Hearst for AMLi

A prominent Russian oligarch transferred his stake in a multi-billion euro Swiss company to his wife, just days before he was sanctioned by the EU, it has been revealed. 

Andrey Melnichenko stepped down from the board of directors of EuroChem on March 9th, before he was officially sanctioned by the EU on March 10th. 

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