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RUSSIA UNITED KINGDOM

London leak at heart of Russian prosecutor's plan to capture FESCO assets

A Russian court has used a London Court of International Arbitration decision to justify confiscating the assets of shipping giant FESCO, amid a four-year battle between its shareholders Ziyavudin Magomedov and Mikhail Rabinovich. The Russian prosecutor was not forthcoming about how he got his hands on the normally confidential ruling. [...] (442 words)
Published on 20/04/2023 at 04:00 GMT Reading time 2 minutes

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Corporate Intelligence

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Further reading
Mikhail Ryabinovich had launched in 2005 the Grand Express, linking Moscow to St. Petersburg. He sold it in 2019 to TKS, which then established itself in Crimea. © uskarp/iStock
Spotlight
RUSSIA 20/12/2022

Kremlin-backed oligarch operates Crimean railway from Gibraltar 

Mikhail Rabinovich, who enjoys the protection of Vladimir Putin's inner circle, manages Crimea's railway system through his offshore companies, under the radar of Western sanctions. The discreet Russian businessman has been promised control of logistics giant FESCO, previously owned by a rival oligarch, in exchange for his services.

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