Miley Cyrus Caught Up In Russia Sanctions Row
The Guardian
The Helsinki venue in which the American singers are due to perform in May and June, along with other US stars in the coming months, is owned by three Russians who have been blacklisted by the US government in response to Russia's annexation of Crimea. The concerts were booked by Live Nation Entertainment, the world's largest promoter and ticket-seller.
Lawyers say Live Nation could be barred from completing any financial transactions with Hartwall Arena in Helsinki unless it receives special dispensation from the US Treasury.
Anthony Woolich, a partner at London law firm Holman Fenwick Willan, told the FT that the legality of Live Nation's partnership with Hartwall would probably depend on whether or not all the financial transactions involved had taken place before the sanctions list was released. "If [Live Nation] still has to pay money for the use of the venue that could be a problem," he said.
The venue is owned by a company called Arena Events OY, which is 50% owned by Gennady Timchenko, co-founder of oil trader Gunvor and one of Russia's richest men. He is one of 27 Russian businessmen and officials close to Russian president Vladimir Putin who have been sanctioned by the White House. Arkady and Boris Rotenberg, two businessmen brothers and judo friends of Putin who have also been blacklisted, each own 25%.
Live Nation told the FT: "We are currently reviewing our portfolio and we will work to ensure the US sanctions against the identified Russians are upheld."
This article originally appeared on guardian.co.uk
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market