US Owner of Major Russian Agriculture Firm Says No Plans To Sell Up
U.S. company NCH Capital said on Friday that it has no plans to sell major Russian agricultural producer AgroTerra, after the head of Russia's second-largest bank said it was in talks to buy the firm.
AgroTerra was placed under temporary state management by a decree from Russian President Vladimir Putin in April 2024.
Russian authorities have confiscated or placed under state management assets worth some $50 billion since the start of the war in Ukraine from Russian and foreign owners in the biggest redistribution of property since the privatisation drive that followed the collapse of the Soviet Union...
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