Nicosia Court freezes €685m in assets of Ukrainian oligarch

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Nicosia Court freezes €685m in assets of...
 © BusinessMail 2018
By Stelios Orphanides

The Nicosia District Court on Monday extended a temporary order freezing up to $820m (€685m) in assets in the possession of Ukrainian oligarch Rinat Akhmetov and nine other individuals and entities, the Cyprus News Agency (CNA) reported on Tuesday.

The court gave a February 6 deadline to the defendants to submit their position before the court reconvenes on three weeks later to decide whether the asset-freeze order will remain in place, the CNA reported without citing its source.

The asset freeze is in relation to a dispute with Ukrtelecom,...


This article was automatically added to our system 9-1-2018

Nicosia Court freezes €685m in assets of Ukrainian oligarch


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