MOSCOW (Reuters) - Russia's richest man Alisher Usmanov cut his stake in his business empire to below 50 percent in a planned move to reward management with shares, not in response to any threat of Western sanctions, his company said.
The United States and European Union countries have slapped sanctions on a number of Russian individuals and companies, targeting President Vladimir Putin's powerbase over Moscow's failure to curb violence in Ukraine.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!