Saudi prince invested $500m in Russia firms ahead of war

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Saudi billionaire Prince Al Waleed bin Talal poured more than $500 million into Russian firms around the time Moscow launched its invasion of Ukraine, according to reports. Kingdom Holding Co, Al Waleed bin Talal’s investment firm, invested in Gazprom, Lukoil and Rosnet in February this year, according to Bloomberg. “Kingdom Holding, one of Saudi Arabia’s highest-profile investors, poured hundreds of millions of dollars into Russian energy firms shortly before and after the invasion of #Ukraine this year, the group disclosed in a filing on Sunday.” via @financialtimes — …

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