VEON (NASDAQ:VEON) is a major international telecom operator doing business in more than 10 countries. However, the core of VEON's business has always been Russia that generates over 50% of revenue:
Source: company data
Even though VEON operates mainly in Russia, the company's stock trades in New York and Amsterdam. In our recent article on VEON, we mentioned that Moscow listing would be a positive trigger for VEON shares.
Today 1Prime by Interfax, which is a major media for investors, confirmed that a few Russian companies whose stock is traded in the foreign