Former co-CEOs of the parent company Tinkoff TCS Group Oliver Hughes and Pavel Fedorov are working on a new fintech project Kinetic Finance. Its launch is scheduled for the end of 2022. Kinetic Finance will focus on emerging markets in Southeast Asia. So far, the startup is attracting investments from venture capital and sovereign funds. The round is scheduled to close by June, Fedorov told Bloomberg. In the future, Kinetic Finance may enter other markets, TCS Group told Frank Media.

Oleg Tinkov is negotiating the sale of a 35 percent stake in TCS Group (Tinkoff Group) registered on a family trust, RBC learned. This is the parent structure that owns Tinkoff Bank, Tinkoff Insurance and other assets. The fact that Tinkov "wants to completely withdraw from Russian assets," told two sources RBC.

Senior White House advisers have renewed pressure on the presidential administration to impose sanctions against Roman Abramovich, reports Bloomberg . This came after a failed attempt by the Russian oligarch to revive peace talks during his visit to Kyiv. During the trip, Abramovich did not meet with Volodymyr Zelensky, but instead spoke with the head of his office, Andriy Yermak, three of the agency’s interlocutors said.

Two months of “military operation”: will Russia have enough money to continue and what will happen to the economy This weekend, the "military operation" in Ukraine will be two months old. Friday statements of the Russian Ministry of Defense about the new goals of the “operation” hint that it can last a long time.