Russian Billionaire Claims Forced Sale of Bank Stake After Ukraine War Condemnation
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Russian Billionaire Claims Forced Sale of Bank Stake After Ukraine War Condemnation

Russian billionaire Oleg Tinkov stated that a single Instagram post condemning the war in Ukraine led to him being coerced into selling his stake in Tinkoff Bank. Tinkov described the post, which called the war 'insane' and criticized the Russian military, as resulting in a call from the Kremlin. He claims he was given an ultimatum: sell his stake or face nationalization, forcing him to sell at a significantly reduced price, costing him approximately $9 billion.

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