Russian ministries are trying to thwart Veon’s plans to sell its mobile communications business in Russia.
The Russian government does not agree with the plans of the operator Veon, who intends to join the cohort of companies selling their Russian assets and exiting the Russian market. It should be noted that in addition to the Russian business in the field of mobile communications, Veon is also the owner of the Ukrainian operator Kyivstar.
The Kommersant publication reports that the Russian ministries of finance, economy and the central bank opposed the fact that a group of operators headquartered in Amsterdam would sell its division to VimpelCom (Beeline brand), which in fact means exiting the Russian market.
After the start of a full-scale Russian invasion of Ukraine, a number of companies decided to leave the Russian market, even if it caused them losses. The most striking examples in the telecommunications market are Ericsson and Nokia, which quickly announced such a decision.
In November 2022, Veon announced plans to sell its business in Russia for approximately 130 billion rubles ($1.8 billion) to VimpelCom’s top management team, led by CEO Alexander Torbakhov.
Russian news agency TASS reported that the Russian government is demanding a revision of the agreement, but does not provide further details.