Hours after Russia invaded Ukraine, control of an investment vehicle long linked in public filings to oligarch Roman Abramovich and used to hold stakes in renewable energy and tech startups in the US, UK and Israel was moved to one of his business associates, according to securities filings.
Corporate disclosures over years identify British Virgin Islands-listed Norma Investments as being controlled by Abramovich. On 24 February, the day Russian troops attacked Ukraine, David Davidovich, a close business associate of Abramovich, took full ownership of the entity, according to securities filings in the UK.