UPI: London Welcomes LetterOne Divestment from North Sea

The sale of North Sea oil and gas interests by a Russian oil tycoon to a Swiss company will boost the energy sector's potential, the British government said.

The British government in April called on LetterOne, an investment company controlled by Russian oil magnate Mikhail Fridman, to dispose of North Sea oil and gas assets it acquired from German energy company RWE.

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