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Fridman says hard to predict impact of oligarch list on Russia's X5, other units

Published 02/01/2018, 05:15 AM
© Reuters. Member of Supervisory Board of Х5 Retail Group Fridman attends a ceremony as Х5 Retail Group starts trading on Moscow Exchange

MOSCOW (Reuters) - Russian billionaire businessman Mikhail Fridman, a member of the supervisory board of X5 food retailer, said it was difficult to predict how his inclusion on an "oligarchs' list" by the United States could affect his business empire.

The U.S. Treasury Department named major Russian businessmen in a so-called "oligarchs' list" on Tuesday.

The list, drawn up as part of a sanctions package signed into law in August last year, does not mean those included will be subject to sanctions, but it casts a potential shadow of sanctions risk over a wide circle of wealthy Russians.

© Reuters. Member of Supervisory Board of Х5 Retail Group Fridman attends a ceremony as Х5 Retail Group starts trading on Moscow Exchange

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