Support The Moscow Times!

Norilsk Expects Provocation

Norilsk Nickel said Wednesday that it expects a “provocation” at an extraordinary shareholders meeting Thursday to re-elect its board, amid a conflict between billionaire owners Oleg Deripaska and Vladimir Potanin.

Norilsk will conduct the meeting under Russian law and ensure that “every single vote” is counted, the company said.

It said “some” company filed a lawsuit in Siberia seeking to block voting at the meeting. The company, Fonmi & Partners, also filed a lawsuit in Moscow seeking to annul deals Norilsk conducted with treasury shares.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.