Thursday, July 31, 2014


Kyrgyzstan

VKontakte Founder Reportedly Obtains Citizenship In St. Kitts And Nevis

Pavel Durov announced on April 22 that he had left Russia after he was forced to sell his ownership shares in VKontakte.
Pavel Durov announced on April 22 that he had left Russia after he was forced to sell his ownership shares in VKontakte.
The founder and ousted CEO of top Russian social-networking site VKontakte has reportedly received citizenship in the Caribbean island nation of St. Kitts and Nevis.

An article in the "Izvestia" daily newspaper on April 28, widely cited by media in Russia, says that Pavel Durov, who recently left Russia, has become a citizen of the island country in the West Indies through its Citizenship-by-Investment program.

It is not clear when exactly Durov obtained his citizenship of the smallest state in the Americas.

"Izvestia" quoted an unnamed source close to VKontakte shareholders as saying that Durov had invested $250,000 into the St. Kitts and Nevis economy before becoming a national.

Durov's current whereabouts is unknown.

He told leading technology news website TechCrunch last week that he did not plan to return to Russia as, "unfortunately, the country is incompatible with Internet business at the moment."
 
Based on reporting by "Izvestia"

Most Popular