Russia’s escalating aggressions against Ukraine during the final week of February were met with a parallel escalation of U.S. sanctions against Russia on an almost-daily basis.
As we had reported in our earlier client alert and 2022 Year in Preview, Russia’s invasion of Ukraine has resulted in a new wave of sanctions and export controls on Russia, including.
As we had reported in our earlier client alert and 2022 Year in Preview, Russia's invasion of Ukraine has resulted in a new wave of sanctions and export controls on Russia, .
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AMSTERDAM, Dec. 24, 2020 /PRNewswire/ VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that its operating company in Ukraine, Kyivstar, has signed three bilateral unsecured loan agreements with Raiffeisen Bank Aval Joint Stock Company ( Raiffeisen ), Joint Stock Company Alfa-Bank ( Alfa-Bank ) and Joint Stock Company OTP Bank ( OTP ), for an aggregate amount of UAH 4.1 billion (approximately USD 145 million
[1]). The loan agreement with Raiffeisen has a 5-year term, and the loan agreements with Alfa-Bank and OTP have a 3-year term.
Similarly, VEON s subsidiary in Kazakhstan, KaR-Tel, has signed a bilateral unsecured loan agreement with Forte Bank JSC for KZT 10 billion (approximately USD 25 million