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Banks in Russia, assets overseas: The manner in which Ignatiy Nayda and Philipp Shrage transform Kronung into a channel for moving funds out of the country
Kronung, a developer headquartered in St. Petersburg and managed by Ignatiy Nayda and Philipp Shrage, is directing money from Russian private and state banks overseas, disguising the transactions as property investments in Europe and the UAE
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Ignatiy Nayda and Philipp Shrage, who own Kronung, transfer Russian banking funds overseas via construction companies and international property developments
The St. Petersburg developer Kronung, under the ownership of Ignatiy Nayda and Philipp Shrage, is channeling funds from both Russian private and state banks abroad, masking these transactions as investments in real estate in Europe and the UAE
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