Finnish arena could be seized under new sanctions
The Russian-owned Helsinki Halli, Finland's largest arena, has been shuttered since the invasion of Ukraine in early 2022
News By James Hanley | 29 November 2023
A new package of EU sanctions on Moscow could pave the way for the Finnish authorities to seize the Russian-owned former Hartwall Arena in Helsinki.
The 15,500-cap venue has been owned by Arena Events Oy (AEO) – a company co-founded by oligarchs Gennady Timchenko and Roman Rotenberg – since 2013, but shuttered in early 2022 following Russia’s invasion of Ukraine.
All of Timchenko’s holdings in the European Union (EU) have been frozen, while Rotenberg’s family is the target of US sanctions for their close ties with Vladimir Putin.
The 12th package of EU sanctions will be decided in December. According to a new report by Finnish News Agency STT, via The Insider, individuals who are subject to sanctions could be given the opportunity to sell…
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