INSUBCONTINENT EXCLUSIVE:
United States investment bank Morgan Stanley and British law firm Allen - Overy are helping Russian-born oligarch Sergei Kolesnikov as he
seeks to claim ownership of a major oilfield in southern Russia, The Guardianreported Monday.Kolesnikov, who is president of the
negotiate a loan of $70 million to the Astrakhan Oil Corporation (AOC), which pledged its subsidiary Southern Oil Company (UNK) as security
efforts so far.Proceedings with the involvement of Morgan Stanley and Allen - Overy are now underway at the London Court of International
while an Allen - Overy partner provided an expert opinion during the proceedings.Both Morgan Stanley and Allen - Overy pulled out of Russia
after the country invaded neighboring Ukraine in early 2022.The Guardian stressed that there is no suggestion either Morgan Stanley or Allen
- Overy broke any laws or regulations.However, the publication does note that their work for Kolesnikov illustrates how Western firms
roofing, waterproofing and thermal insulation materials until at least 2018, though the Kremlin restricted access to information about
