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Mercury Public Relations has signed on Moscow-based Sovcombank for strategic consulting, management services and government relations work, which includes outreach to US officials.
The four-month contract, which began Jan. 26, is worth $90K per month.
Democratic US Senators on Jan. 12 introduced the “Defending Ukraine Sovereignty Act of 2022," which lists Sovcombank as one of the Russian financial services targeted for sanctions in the event that Russia invades Ukraine.
Sovcombank is 89.9 percent owned by a group of Russian businessmen.
The remaining 10.1 percent stake is owned by the Public Investment Fund of Saudi Arabia (3.3 percent), Russia-China Investment Fund (2 percent), Russia Direct Investment Fund (1.3 percent), Russia-Japan Investment Fund (1.3 percent), Qatar Investment Holdings (1 percent) and SBI Holdings (0.5 percent).
Mercury’s Sovcombank six-member lobbying team includes co-chair and former Connecticut Democratic Congressman Toby Moffett and ex-Louisiana Senator David Vitter.
Omnicom owns Mercury.
Impact Management Group, which is headed by Republican operative Terry Benham, works to build US support for Ukraine.
Rational 360 has ironed out its six-month $1.2M contract with Saudi Arabia’s Public Investment Fund to position it as a “sophisticated global investment fund.”
APCO has signed on to promote this month’s visit of Ahmed Al Khateeb, head of Saudi Arabia’s Ministry of Tourism, to the US.
The Dominican Republic’s Ministry of Tourism has signed on Montieth & Co. for strategic communications and media relations duties as chaos grips neighboring Haiti.
Edelman is negotiating a formal contract with the Bahamas for strategic communications on issues impacting its reputation abroad.
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Feb. 2, 2022, by Thinkman2
Evidence PR is available to all with the money to pay for it...like some other "businesses."