Said Gutseriev resigns from board of directors of Europlan licensing company

MOSCOW. July 1 (Interfax) - Said Gutseriev, who on Wednesday was included in the list of UK blocking sanctions, has left Europlan's board of directors, the leasing company said in a statement.

Magomed Bekbuzarov, Europlan vice president and executive board member, has been elected to the board of directors to replace Gutseriev.

PJSC SFI on the eve announced that Gutseriev intends to sell his stake in SFI, and leave the SFI board of directors and the holding's subsidiaries. SFI investment holding wholly owns Europlan.

The British authorities have said that Gutseriev has been included in the sanctions list because he controls SFI, which operates in the financial sector that is strategically important for the Russian government. The holding itself emphasized that, as a separate legal entity, it has not been included in any sanctions lists and continues to operate fully.

Established in 1999, Europlan provides legal entities and individuals with a full range of services for leasing and further operation of cars, trucks, and commercial vehicles, as well as special equipment. The company's regional network includes 83 offices in all of Russia's federal districts.