Page 21 - bne_newspaper_August_31_2018

Eastern Europe
August 31, 2018 www.intellinews.com I Page 21
their main place of employment, but also usually have the carry the household, care for the family, raise children, and worry about grandchildren. The retirement age for women should not increase more than for men," he noted.
For people about to retire in the next two years, a six-month cutback from the increased retirement age will be available. The unemployment benefits for people within five years away from retirement
Russian tycoon Abramovich cuts stake in main TV channel, said to sell Chelsea football club
bne IntelliNews
Russia's London-based billionaire Roman Abram- ovich is considering selling his stake in the Chel- sea football club, the Sunday Times and Vedomosti said. Reportedly, the club has turned to Raine Group investment bank to prepare the sale.
Abramovich bought the club in 2003 for £140mn, after which the club has topped the Premier League five times and won the UEFA Champions League. The oligarch's UK investor visa is cur- rently under scrutiny amid worsened UK-Russia relations. In response Abramovich sought and gained an Israeli passport.
In the meantime another Russian billionaire Alisher Usmanov had to give up his previous plans for consolidating control in another Premier League football club Arsenal. Reportedly in May Usmanov, who holds 30% in the club, was trying to secure the 67% stake of US sports mogul
will be more than doubled. The employers will face administrative and even criminal charges in case of firing, or refusing to hire, workers in pre-retirement age, Putin promised.
The sources of Vedomosti daily previously claimed that Putin's address will seal the discussions on the pension reform and will kick off the preparations for the 2019-2021 federal budget.
Russian tycoon Abramovich cut his stake in Russia's First Channel and may sell his stake in Chelsea FC
Stan Kroenke for $1.3bn. But this month media reported that Kroenke will become the sole owner of the club.
In June Abramovich became an Israeli citizen, after which he had to cut the cut his 24% stake
in Russia's main TV channel, the First Channel. Amid increased tensions with the West since 2014, Russia has capped foreign ownership in media outlets at 20%, which has reshaped the domestic media landscape.
Abramovich had to sell 4% of his stake in the TV channel to cut his stake to 20%, as the new regulations also cover people with dual citizenship. One of the possible buyers is the National Media Group. The state controls 51% in the First Channel, with the National Media Group holding another 25%.