Source: US News & World Report
“A Moscow court dismissed on Tuesday a motion by prosecutors to seize the assets of U.S. private equity fund NCH Capital in Russia, the Interfax news agency said, as Russian and U.S. representatives sat down for talks in the Swiss resort of Davos. Since the start of the war in Ukraine, the Russian authorities have confiscated or placed under state management assets worth some $50 billion belonging to foreign and Russian owners, with courts generally backing the state’s claims. Prosecutors filed a lawsuit against NCH Capital and its founders, George Rohr, a U.S. citizen, and Moris Tabacinic, an Austrian citizen, seeking to ban NCH’s activities in Russia on the grounds that the founders funded Ukraine’s military forces. … Interfax said the judge ruled the court would not hear the case and revoked the previously ordered interim measures. The agency did not provide further details.” (01/20/26)