Moscow Court Upholds ‘Extremist’ Label for Galitsky’s Venture Capital Fund

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NEWS SUMMARY

A Moscow court upheld the designation of Almaz Capital, a venture capital fund founded by Yuri Milner, as an extremist organization. The fund is alleged to have transferred $50 million to Ukrainian companies producing weapons, ammunition, and drones. This ruling follows earlier accusations by Russian authorities regarding the fund's financial activities.

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Almaz Capital was alleged to have sent $50 million to Ukrainian companies that produce weapons, ammunition and drones.

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