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    Reuters: Russian Billionaire Fridman Asks Britain to Delay North Sea Deadline

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Summary

LetterOne, owned by Russian billionaire Mikhail Fridman, has asked the UK government to extend the deadline on the sale of its North Sea assets

by: Erica Mills

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Reuters: Russian Billionaire Fridman Asks Britain to Delay North Sea Deadline

Russian billionaire Mikhail Fridman's LetterOne fund has asked Britain to delay an October deadline to sell its North Sea assets after a first round of offers disappointed, several sources said.

The British Energy Ministry in April gave Fridman six months to dispose of oil and gas fields LetterOne had acquired from German utility RWE or see the their licences revoked as the West tightened sanctions against Moscow over its role in Ukraine.

Read the full article HERE.

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