Timchenko wants to invest money from the sale of shares in Gunvor into Russia.
The businessman Gennady Timchenko, who sold 43.5% of oil trading company Gunvor, will invest the money from the sale into Russia, "Vedomosti" reports, citing the Volga Group, which is managing Timchenko’s Russian assets.
According to the official publication, purchases may occur in three sectors - logistics, infrastructure and the energy sector. The source said that the decision to invest into the Russian direction was made in connection with a high risk of foreign countries sanctions against Timchenko (at the moment only U.S. has imposed visa and financial sanctions against the businessman).
Lets recall that on March 20th, after the imposition of sanctions against Tim