Societe Generale severs Russia ties with sale of Rosbank to oligarch Potanin

Rosbank will rejoin the business empire of Vladimir Potanin, the 61-year-old head of mining giant Norilsk Nickel PARIS, France – French bank Societe Generale said on Monday, April 11, it would quit Russia and take a 3-billion-euro ($3.3-billion) income hit from selling its Rosbank unit to Interros Capital, a firm linked to Russian oligarch Vladimir … Read more

Don’t take Russia back to 1917, metals king Potanin warns

Vladimir Potanin, the biggest shareholder in Norilsk Nickel, says confiscating assets from companies which had left Russia ‘would take us back 100 years to 1917’ LONDON, United Kingdom – Confiscating the assets of companies that had fled Russia after the invasion of Ukraine would shatter the investor’s confidence for decades and take Russia back to … Read more