Tinkov Seeking to Sell Family’s Stake in Tinkoff, RBC Reports

Sanctioned billionaire Oleg Tinkov is in talks to sell his family trust’s stake in TCS Group Holding Plc, Russia’s RBC reported Saturday, citing two people familiar with the matter that it didn’t identify.

A spokesman for TCS declined to comment.

Tinkov, worth $3.1 billion according to the Bloomberg Billionaires Index, was sanctioned by the U.K. in March and accused of being complicit in Russia’s war against Ukraine. The founder of TCS’s branchless lender known as Tinkoff Bank, he published an expletive-filled post about Russia’s “insane war” on his Instagram page on Wednesday. It was a rare example ...