Russian retailer X5 selling stores in Ukraine amid crisis
date:Mar 20, 2014
lling its Ukrainian stores to local privately owned supermarket chain Varus, a spokeswoman for the Ukrainian company said on Wednesday.

She gave no details, but Ukrainian newspaper Capital reported earlier that the deal could be worth around $5-10 million. It had been in the works since October, but the crisis over Crimea may have quickened the pace of talks.

X5 declined to comment.

We link the decision to the current political situation, analysts at VTB Capital said, adding that Ukraine was
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