AS Monaco’s Russian owner Rybolovev donates to Ukrainian aid funds

March 10 – Russian oligarch Dmitry Rybolovlev, president and majority owner of France’s AS Monaco and Cercle Brugge in Belgium, is donating money to support the humanitarian crisis in Ukraine and help ‘innocent’ people.

Rybolovlev is not on the list of 488 Russian entities and 26 oligarchs facing sanctions. 

In 2010, Rybolovlev left Russia after he had to sell his majority stake in fertiliser producer Uralkali to close acquaintances of Russian president Vladimir Putin. Rybolovlev has always sought to distance himself from the Russian regime.  

The two clubs and Rybolovlev personally, are making donations to the appeal launched by the International Federation of Red Cross and Red Crescent Societies (IFRC) and the International Committee of the Red Cross (ICRC) to provide humanitarian aid.

“It is absolutely crucial to support those who are suffering the most. Therefore, AS Monaco, Cercle Brugge and myself in a personal capacity, as well as various companies where the Rybolovlev Family Trust is invested, have decided to make donations to provide humanitarian aid,” said Rybolovlev.

It had been speculated that Rybolovlev could be forced to give up Monaco in the same way that Roman Abramovich is being pushed out of Chelsea.

So far he has escaped sanction. In 2010, Rybolovlev left Russia after he had to sell his majority stake in fertiliser producer Uralkali to close acquaintances of president Vladimir Putin. Rybolovlev has always sought to distance himself from the Russian regime.

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