Mikhail Fridman
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Veon, the Nasdaq-listed operator whose biggest market is in Russia, has issued a stern warning to shareholders that the war against Ukraine means it might not be able to continue in business. -
Telecoms operator Veon has moved loans from sanctioned banks worth more than US$1.12 billion from its head office in Amsterdam to its Russian branch, out of reach of Western authorities.
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Exor increased its stake in network operator Veon to 5.08% as of March 3 according to published reports from the Dutch Authority for Financial Markets.
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Veon CEO Kaan Terzioğlu said this morning it would be “irresponsible” to provide guidance on the effect of Russia’s attack on Ukraine on the company’s performance
