Latest news with #AlexanderZaitsev
Yahoo
4 days ago
- Business
- Yahoo
Atomic Capital Supports Strategic Sale of UFirst, a Top Russian Children's Education Network
Atomic Capital acted as exclusive financial adviser in the successful sale of 100% of UFirst, a prominent operator in the Russian children's education sector. Moscow, Russia, June 10, 2025 (GLOBE NEWSWIRE) -- Atomic Capital acted as exclusive financial adviser in the successful sale of 100% of UFirst, a prominent operator in the Russian children's education sector. UFirst, formerly part of the international education group English First (EF), was subsequently acquired and developed by its management team. Today, the network includes 15 learning centers located in Moscow, St. Petersburg, and Novosibirsk, offering a diverse range of programs such as English and Chinese language courses, programming, exam readiness, and MBA pathways tailored for children and teenagers. The Russian market continues to show significant investment interest among international businesses. Despite the current global challenges, Russia remains one of the most attractive locations for foreign investors and strategic partners, offering distinctive opportunities for business expansion, new project development, and effective capital deployment. Atomic Capital possesses deep experience and expertise in supporting sophisticated deals with the involvement of international companies, representing both buyers and sellers. The company assists clients in entering or exiting the Russian market, helps refine entry and exit strategies, and provides end-to-end financial and legal advisory throughout every phase of the deal, ensuring transparency and operational efficiency. Atomic Capital frequently collaborates with international firms—those aiming to establish or grow their presence in Russia, as well as those evaluating the sale of Russian assets. The company offers dedicated support at every step and is committed to securing optimal results for all participants. 'We are convinced that the role of a professional financial adviser in M&A extends well beyond the deal itself—it is about delivering long-term value for every stakeholder. We appreciate all parties for their high level of cooperation and professionalism. This project reflects coordinated teamwork and mutual trust,' commented Alexander Zaitsev, CEO of Atomic Capital. Atomic Capital welcomes companies from across the globe to work together in the Russian market, guaranteeing an individualized approach, transparency, and a consistently high level of service for every engagement. Irina Ayatova, Atomic Capitalpress@ (495) 488 66 33
Yahoo
27-05-2025
- Business
- Yahoo
Investigators find out how luxury goods banned for import from EU get to Russia
Despite the ban on importing luxury goods worth more than €300 from the European Union to Russia, investigative journalists have found a delivery organiser among Belarusian companies. He is connected to a former assistant to the son of the president of Belarus. Source: Belarusian Investigative Centre Details: The company involved in the import of luxury goods is Belcargo. One of the investigators, claiming to be a client, contacted the company and tried to place an order to send a batch of jackets from Italy to Russia. In response, they offered a simple scheme: they would buy the items, send them to Lithuania, and then deliver them to Russia via Belarus. It was about ten luxury jackets with a market value of €6,450, but the investigators indicated a fictitious value of €1,730 in the order. Belcargo ignored this and issued an invoice for US$255 for delivery with customs clearance. "With such an underpricing, the Belarusian budget loses most of its revenues in the form of duties and taxes," the journalist said. The Belarus-based company Torgovyi Dom Exporttorg (Trade House) is a key link in this scheme. In one of the Lithuanian export documents, it is listed as the recipient of a consignment of clothing from Italy and as the sender in Russian customs declarations. Torgovyi Dom Exporttorg is linked to Alexander Zaitsev, a former aide to Viktor Lukashenko (son of Belarusian self-proclaimed President Alexander Lukashenko). The company has repeatedly participated in schemes to circumvent sanctions by supplying microcircuits and sanctioned tyres to Russia. Despite all this, the company is still not under sanctions from either the European Union or the United States. This allows it to use international logistics and banking services. Background: The European Union banned the export of luxury goods worth more than €300 to Russia in the spring of 2022. For example, items from Louis Vuitton, Balenciaga and Brunello Cucinelli, among others. For the first time, Georgia's largest bank, Bank of Georgia (BoG), has banned its Russian customers from making purchases in luxury stores worldwide for more than €300. Support Ukrainska Pravda on Patreon!
