The European Union has imposed sanctions on Samolet, Russia's largest developer, and its CEO Anna Akinshina. The restrictions were prompted by the company's activities, 18% of whose shares were acquired in August 2026 by the Kazakh investment fund Fonte Capital, founded by Ksenia Kibitkina and Yerzhan Musin, according to infohub.kz.

The deal became known on August 10. Fonte Capital, an investment company registered at the Astana International Financial Centre, bought 18% of Samolet Group's shares from the Russian fund Gorizont, which represents the interests of the heirs of the developer's co-founder, Mikhail Kenin.

The parties did not disclose the value of the deal. Based on the developer's market capitalisation on August 10, before news of the share sale emerged, the stake was valued at roughly 4.2 billion rubles, or about $50 million.

After reports of the Kazakh investor's arrival, Samolet's shares on the Moscow Exchange jumped 12%.

By the time of the deal, the Russian developer was grappling with financial and reputational difficulties. Over the preceding year, its shares had lost about 66% of their value.

In 2025, Russia opened criminal fraud cases over delays in the construction of two Samolet residential complexes in St Petersburg.

The company was also struggling to service debt estimated at about 700 billion rubles (around $8.3 billion).

In February 2026, the developer asked the Russian government for a subsidised loan of 50 billion rubles (about $595.2 million), but failed to secure support.

Its financial results also deteriorated. For 2025, Samolet posted a net loss of 2.3 billion rubles (about $27.4 million), compared with a profit of 8.2 billion rubles (about $97.6 million) a year earlier.

Despite these circumstances, Fonte Capital acquired a large stake in the developer.

The Kazakh investment fund Fonte Capital was founded by Ksenia Kibitkina and Yerzhan Musin in 2022.

Kibitkina is a former editor of Harper's Bazaar and MARCO magazine and a finalist in the Mrs Kazakhstan Globe beauty pageant. No additional public information is available about Musin.

Fonte's structure includes 20 investment funds and 10 umbrella sub-funds. Among them are exchange-traded funds for bitcoin and Solana, as well as funds investing in sovereign and corporate foreign-currency bonds.

Fonte Capital also owns the Russian broker AVI Capital (formerly Univer Capital) and the Kazakh broker Altyn Adam Associates.