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Russian Oligarch Mikhail Fridman Has a Week to Leave His business in UK

The UK government has fears that Russian oligarch Mikhail Fridman who has acquired Northern Sea oil and gas assets, will stop the production of energy, because of the sanctions on Russia imposed by West. The oligarch has only a week to convince the government that it will not happen.

The situation is very risky for UK, because the country’s energy system is strongly connected with the case. The government wants the assets to sell to a third party, which is LetterOne subsidiary, and the latter is going to create a new subsidiary called L1 Energy, which will be owned by Lord Browne, BBC reports.

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