Freedom Finance and billionaire Turlov fell under sanctions - 3.5 billion hryvnias are blocked

Date: 16:03, 06-12-2022.

Astana. December 6. KazTAG – International broker Freedom Finance and its owner, billionaire Timur Turlov, have been sanctioned by the National Security and Defense Council of Ukraine, reports Forbes Ukraine.
“Freedom Finance owner Timur Turlov, 35, is one of many on the Forbes global richest list whose business has been significantly harmed by Russian citizenship. In mid-October, by decree of President Volodymyr Zelensky, a large-scale list of NSDC sanctions was approved, which included Turlov and the Ukrainian broker Freedom Finance Ukraine. On November 9, the National Commission on Securities and the Stock Market suspended the licenses of this legal entity. Accordingly, all assets of the company and clients are blocked by the National Security and Defense Council. 12,800 securities accounts with  3.5 billion hryvnias,” said  the press service of the Ukrainian branch of Freedom Finance.
It is noted that Turlov earned his fortune ($2.6 billion, according to The Worldʼs Real Time Billionaries of the global Forbes) by helping individuals in post-Soviet countries, primarily in Russia and Kazakhstan, trade securities on world exchanges.

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