NBA Brooklyn Net's principal owner Mikhail Prokhorov (C) shakes hands with general manager Billy King in front of head coach Jason Kidd (R) after a news conference in Brooklyn, New York July 18, 2013. REUTERS/Adam Hunger
MOSCOW (Reuters) - A Russian billionaire said on Monday he planned to relocate his company that runs the Brooklyn Nets basketball team to Russia in keeping with the Kremlin's call on Russian businessmen to repatriate their assets to help combat new U.S. sanctions.
The United States and European Union have imposed visa bans and asset freezes on officials and businessmen believed to be close to Russian President Vladimir Putin in protest at Moscow's annexation of Ukraine's Crimea region.
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