Sanctioned Russian Tycoons Transfer Stakes in Their Major Assets
- Mazepin and Moshkovich are among those who distance themselves
- European Union approved a new round of sanctions on Wednesday
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Some of Russia’s richest individuals have restructured their key assets this week as their fortunes come under increasing scrutiny in the fallout from the invasion of Ukraine.
Dmitry Mazepin, 53, sold a controlling stake in Uralchem, one of Russia’s biggest fertilizer makers, and stepped down as its chief executive officer. Billionaire Vadim Moshkovich, 54, cut his stake in agricultural conglomerate Ros Agro Plc to below 50%.