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Russian billionaire to sell North Sea fields after all

The Russian billionaire, Mikhail Fridman, who recently acquired the oil company Dea will, under pressure from the British government, now be saying goodbye to the British gas fields in the North Sea.

Photo: Alfa Group

When the oligarch and his company LetterOne Group recently purchased the German oil company Dea for USD 7.3 billion, it caused a commotion in London.

Dea, which was owned by the German RWE, owns a number of oil and gas fields in the British part of the North Sea, which the British government was worried might be effected if further sanctions were implemented from the West towards Russia and the Russian business sector as a consequence of the crisis in Ukraine.

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