The Kyiv Independent
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Court lifts seizure of Lifecell shares, paving way for French acquisition.
The Lifecell shares owned by sanctioned oligarch Mikhail Fridman can be unfrozen, according to a Kyiv court ruling on April 16, paving the way for French billionaire Xavier Niel to acquire the mobile operator as part of a merger with telecoms company Datagroup-Volia.
Niel's investment company NJJ announced on April 8 that it had received regulatory approval from Ukraine's antitrust regulator to acquire Datagroup-Volia, one of Ukraine's largest fixed telecom and pay-TV providers.
Although NJJ is still awaiting regulatory approval to acquire Lifecell, Ukraine's third-largest mobile operator, the court ruling represents the removal of one obstacle to the acquisition.
Lifecell is 100%-owned by Turkcell, a publicly traded company dual-listed on the Istanbul and New York Stock exchanges.
LetterOne, an investment management company founded by Fridman, indirectly owns 19.8% of Turkcell shares.
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Ukraine froze these shares in October 2023, months after nationalizing Sense Bank, a Ukrainian branch of Fridman's Alfa-Bank, citing the fact that its owner had been sanctioned for supporting Russia's invasion.
Earlier on April 16, Datagroup-Volia CEO Mykhailo Shelemba said the sale contract prohibited any payment to Fridman.
"Not one cent from the sale of Turkcell's assets in Ukraine will be transferred to sanctioned persons or companies controlled by them," Shelemba said.
"All parties to this agreement, both buyers and sellers, are legally bound to strictly comply with international and Ukrainian law, in particular the current sanctions of the National Security and Defense Council ," Shelemba said.
NJJ's purchases will be one of the largest acquisitions in independent Ukraine's 33-year history since Indian Mittal Steel purchased the Kryvorizhstal complex for $4.8 billion in 2005 before merging with Arcelor a year later, and becoming ArcelorMittal.
Ministry: Russia's war destroys or damages almost 2,000 cultural facilities.
The list of damaged sites includes 958 cultural and social clubs, 708 libraries, 153 art schools, 114 museums and galleries, 36 theaters, cinemas, and concert halls, 15 parks, zoos, and nature reserves, and three circuses.
Lawmaker accused of illegally acquiring close to $300,000.
NABU did not mention the name of the suspect, but Ukrainska Pravda reported, citing sources, that it was Andrii Klochko, a member of President Volodymyr Zelensky's Servant of the People party.
Bloomberg: Russians who left abroad increasingly return home, boosting economy.
Around 1 million Russians left the country after the start of the all-out war due to their opposition to the invasion or out of fear of mobilization.
US says Russia used chemical weapons in Ukraine
Chloropicrin is often used as an herbicide. According to the U.S. Centers for Disease Control (CDC), exposure to its vapors can cause severe irritation to the skin, eyes, and, if inhaled, internal organs.
Zelensky: Russia drops over 3,200 guided aerial bombs on Ukraine in April.
Russia attacked Ukraine with over 3,2000 guided aerial bombs, nearly 300 Shahed-type drones, and over 300 missiles in April alone, President Volodymyr Zelensky said on May 2.
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Hainault stabbings: 13-year-old boy killed in attack.
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