KYIV, July 26 – Mikhail Fridman, who is under Ukrainian sanctions, indirectly owns about 7% of Turkcell and will not receive any proceeds from the sale of its Ukrainian subsidiary lifecell's assets to DVL Telecom, which is connected to French billionaire Xavier Niel, according to the Antimonopoly Committee of Ukraine (AMCU), which approved the deal.

"The actions, in the form of the declared concentrations, are not prohibited in accordance with the law On Sanctions," the Antimonopoly Committee said in a statement on Thursday evening.