Critics of the government's decision to allow LetterOne to acquire a stake in Harbour Energy argue that oligarchs, especially those sanctioned, should not own critical UK assets.
Harbour Energy has been a vocal opponent of the government's windfall tax and expects to increase its oil production significantly, raising concerns over oligarch participation in vital industries.
Despite sanctions on Mikhail Fridman and Petr Aven, LetterOne, which is not sanctioned, has become a key investor in the UK's largest North Sea producer, raising national security concerns.
Lord Davies emphasized that Fridman and Aven would have no influence over Harbour Energy's business decisions, yet their ownership highlights complexities in sanction enforcement.
Collection
[
|
...
]