Timeline of a £1bn share transfer

February

2022

Russia invades Ukraine

24

27

EU ministers meet to agree new

sanctions, warning they will be

imposed the following day before

banks open

28

00.00 Sanctions on Mordashov and

others become legally active,

according to EU

17.49 EU journal publishes updated

sanctions list naming Mordashov

18.38 PWC Cyprus email requesting

transfer of Mordashov’s Tui stake

18.43 PWC Cyprus director replies:

“Approved”

20.00 EU press release names

Mordashov as under sanctions

February

2022

Russia invades Ukraine

24

27

EU ministers meet to agree new

sanctions, warning they will be

imposed the following day before

banks open

28

00.00 Sanctions on Mordashov and

others become legally active,

according to EU

17.49 EU journal publishes updated

sanctions list naming Mordashov

18.38 PWC Cyprus email requesting

transfer of Mordashov’s Tui stake

18.43 PWC Cyprus director replies:

“Approved”

20.00 EU press release names

Mordashov as under sanctions