London court lifts arrest from assets of Ananyev brothers

MOSCOW, Aug 8 (PRIME) -- The High Court of London has lifted arrest from U.S. $15.6 million and 11 million euros worth of assets of brothers Dmitry and Alexei Ananyev, communications consulting agency Myddleton Communications, a representative of the Ananyev brothers, said in a statement late on Tuesday.

The Ananyev brothers previously controlled Promsvyazbank, where the central bank launched a bailout in 2017, getting control over it. A group of Promsvyazbank’s investors filed a suit to freeze the assets of the Ananyev brothers all over the world and force them redeem the debt that investors bought in 2017 and which were secured by guarantees of companies controlled by the brothers.

On July 13, 2018, the court approved the arrest of assets, and upheld the decision on July 27.

The Ananyev brothers paid $15.6 million and 11 million euros as a security deposit to satisfy the suit’s claim. Andrew Ford, a partner at Lipman Karas representing Promsvyazbank’s investors, said that the security deposit protected interests of investors, and the asset arrest order was terminated.

Ford also said that Lipman Karas plans to file another suit representing other investors seeking freezes of assets or other collateral measures from the Ananyev brothers.

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