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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Law
5 mins to read

Abramov-linked firms sought Govt intervention in banking fight

Urgent request made in February to secure banking services from Kiwibank to save jobs and businesses.

Russian billionaire Alexander Abramov.

Key points
  • What’s at stake: Russian billionaire-linked firms asked for Government assistance in February after bank account closures in New Zealand. 
  • Background: Alexander Abramov was sanctioned last year as the New Zealand Government cracked down on Russian oligarchs and office holders. Targa Capital and Helena Bay Holdings struggled to get banking services and went through the High Court to stop Westpac action.  
  • Main players: Russia, Ukraine, Alexander Abramov, Chris Seel, Grant Robertson, Kiwibank, Westpac, ASB, Steve Jurkovich. 

An investment business linked to a sanctioned Russian billionaire wrote to the Finance Minister earlier this year in a desperate bid as Westpac closed its bank accounts.

A representative of New Zealand firms that have been linked to Russian billionaire Alexander Abramov asked for the New Zealand

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Jonathan Mitchell Fri, 17 Nov 2023
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • What’s at stake: Russian billionaire-linked firms asked for Government assistance in February after bank account closures in New Zealand. 
  • Background: Alexander Abramov was sanctioned last year as the New Zealand Government cracked down on Russian oligarchs and office holders. Targa Capital and Helena Bay Holdings struggled to get banking services and went through the High Court to stop Westpac action.  
  • Main players: Russia, Ukraine, Alexander Abramov, Chris Seel, Grant Robertson, Kiwibank, Westpac, ASB, Steve Jurkovich. 
Abramov-linked firms sought Govt intervention in banking fight
Law,
101704
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