Russian Steel Billionaire Calls Lost Lives In Ukraine A Tragedy

Amazon announced on Wednesday that its board had approved a 20-for-1 stock split and authorized a $10 billion buyback of the internet retailers' shares, sending shares up more than 6% in after-hours trading.

The split doesn't necessarily change the value of the company, but an Amazon spokesperson said the split-adjusted share price will make shares more accessible to potential investors and give employees more flexibility in how they manage their equity in the company.

Losses over three months, a year and five years. Some have more than 60 per cent of their portfolios in Russian stocks.
The performance numbers here are dreadful. Then there are the funds with an Eastern European investment slant. And I'm not sure things are going to get better quickly. 



The stock split, Amazon's first since 1999, will give shareholders of record as of May 27 an additional 19 shares for each share they already own. Trading under the split-adjusted share price is expected to begin June 6.

Foreign Secretary Liz Truss added: 'Today's sanctions show once again that oligarchs and kleptocrats have no place in our economy or society.
With their close links to Putin they are complicit in his aggression.





Pictured above is some of the Sackler family: Dr Richard Sackler, standing second from left and Jonathan Sackler standing second from right.
Seated is Raymond and Beverly Sackler Before they were dogged by controversy, the Sacklers were one of America's most esteemed philanthropic dynasties, with a combined $13 billion fortune made in pharmaceuticals.

LONDON, March 7 (Reuters) - Vladimir Lisin, a Russian billionaire, told employees at steelmaker NLMK that lost lives in Ukraine were a tragedy that was hard to justify, and called for a peaceful diplomatic resolution to the conflict.

Arthur Sackler's family has never been involved in the OxyContin epidemic, as they sold their stake in Purdue Pharma to the other brothers after his death in 1987. Arthur and Mortimer Sackler each married three times, and Raymond married once. There are 14 children in the second generation and even more grandchildren.

In 2018 it emerged the Chelsea Flower show was reportedly struggling to find backers meaning a Russian bank set up by oligarch Mr Kostin, who is currently subject to US sanctions, had been allowed to sponsor a garden.

Lisin, NLMK's chairman and main shareholder, said in a letter to staff that was posted on social networks by an employee that the company and its board of directors hoped that the conflict was resolved soon.

'When do you need a comment by?' came back the response. Five days ago, I received a statement saying the fund had been suspended. Eleven days ago, I asked what it was doing to ensure investors' holdings were protected. If you are you looking for more on Limitless Virtue LLC Software development company in vermont have a look at the web-page. 'PM tomorrow,' I replied.
Silence followed - the lion failed to roar. It was as if our communications had not happened. The fund's value is now below £17million. 

The government describes Abramovich as 'a prominent Russian businessman and pro-Kremlin oligarch' who is 'associated with a person who is or has been involved in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine' - Russian president Vladimir Putin.

The slow success of Purdue Frederick made the family wealthy enough to become active in the charity circuit.
In 1974, the brothers donated $3.5 million (roughly $20 million in today's money) to the construction of a new wing holding the Met's crown jewel: the 2,000 year old Temple of Dendur, which was a gift from the Egyptian government.



In part because of the success of Arthur's campaign, Valium became the first drug in US history to top $100 million in sales.  One glossy for the pill depicted a woman surrounded by concerned doctors and family members because of her 'psychic tension', a 20th century term for what is now just considered stress.

'JPMorgan Asset Management declines to comment,' was the response when I enquired about fund JPMorgan Russian Securities. On Friday, its shares continued their downward track with two directors quitting the trust's board. 



Rather than send out reassuring messages to investors - from whom they have made handsome profits over the years - they become tongue tied. Most disappear into their Mayfair offices and wait for the tide to turn.

Despite the hefty $6 billion settlement , the Sackler family will be able to maintain the bulk of their personal wealth that was moved to off-shore accounts before their Chapter 11 filing.  The money, which will be used to fund victim compensation and addiction treatment, notably frees the Sackler family from all future civil lawsuits but does not preclude them from criminal prosecution.

Deripaska's was born in Siberia in 1968 but raised by his grandparents in Krasnodar, after his mother left home to find work. He was drafted into the Red Army before graduating Moscow State University in 1993 with a degree in nuclear physics, just as Soviet Russia was collapsing.