VEON has entered into an agreement to sell VimpelCom, which owns the Beeline brand, to the management of the Russian operator led by VimpelCom CEO Alexander Torbakhov. VEON will gain ₽130 billion from the sale of the asset. The deal is expected to be completed no later than June 1, 2023. A representative of Beeline explained that the foreign origin of the parent company prevents the business from developing in Russia.