Sanction shockwaves: Russian oligarchs and elites scramble to move, sell assets to get ahead of international penalties
2 years, 10 months ago

Sanction shockwaves: Russian oligarchs and elites scramble to move, sell assets to get ahead of international penalties

CNN  

Washington CNN — Two hours after emailing a real estate newsletter of luxury homes to thousands of ultra-wealthy clients Friday morning, Shawn Elliott, president of the ultra luxury division at Nest Seekers International, said he received three inquiries. “Maybe that’s the beginning of the scramble.” The impact of coordinated sanctions from the US, United Kingdom and European Union has sent shockwaves through the Russian elite as oligarchs, some targeted and others taking steps in anticipation of what could come, look to move yachts, shed assets and adapt to a wave of sanctions that have come swifter than usual, and are more expansive than before. Russian billionaire Roman Abramovich, who has not been sanctioned, announced Wednesday that he will sell the Chelsea Football Club as it is “in the best interest of the Club, the fans, the employees, as well as the Club’s sponsors and partners.” He said net proceeds from the sale would go to a foundation established to help “victims of the war in Ukraine.” Russian billionaires Mikhail Fridman and Oleg Deripaska have broken ranks with the Kremlin and called for an end to Russia’s war in Ukraine. “This is a very worrying moment if you’re a Russian billionaire,” said former State Department official Max Bergmann. “Lawyers are busy right now, trying to figure out how to expunge oligarchs from various company boards and how to divest assets in the United States.” “We’re getting a new inquiry every hour,” said Erich Ferrari, a lawyer who represents foreign companies and individuals in navigating sanctions.

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History of this topic

US spending tens of millions of dollars maintaining seized yacht linked to sanctioned Russian oligarch
3 weeks ago

US spending tens of millions of dollars maintaining seized yacht linked to sanctioned Russian oligarch

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. has spent tens of millions of dollars over …

'The first oligarch': Russian dissident warns of 'extremely dangerous' development in U.S.
1 month, 1 week ago

'The first oligarch': Russian dissident warns of 'extremely dangerous' development in U.S.

Raw Story  

America is close to having its first real oligarch, a Russian dissident — and former world chess champion — warned in an interview Sunday. Garry Kasparov, who now chairs the Renew Democracy Initiative, claimed to the Huffington Post that Elon Musk’s emergence at Trump’s side mixes business and politics in the same way as was seen in Russia after the …

'Gloomy' Russian oligarchs think country is in trouble even with Trump win
1 month, 4 weeks ago

'Gloomy' Russian oligarchs think country is in trouble even with Trump win

Raw Story  

The Russian government has long held that Donald Trump is to their benefit, as it went so far as to interfere on his behalf in the 2016 election, and then enjoyed years of relative friendliness as Vladimir Putin and Trump were together on the world stage. According to Bloomberg News, the Russian billionaires colloquially known as "oligarchs" do not expect …

Cryptocurrency exchange network accused of helping Russia hit with sanctions
3 months, 2 weeks ago

Cryptocurrency exchange network accused of helping Russia hit with sanctions

Associated Press  

WASHINGTON — A network of people and virtual currency exchanges associated with harboring Russian cybercrime were hit with sanctions on Thursday, in a government-wide crackdown on cybercrime that could assist Russia ahead of President Joe Biden’s meeting with Ukrainian President Volodymyr Zelenskyy. U.S. Treasury sanctioned alleged Russian hacker Sergey Ivanov and Cryptex — a St. Vincent and Grenadines registered virtual …

Russia's adaptability to US sanctions stymied their effectiveness, economists say
3 months, 2 weeks ago

Russia's adaptability to US sanctions stymied their effectiveness, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US sanctions hundreds of firms accused of supplying Russia’s war machine
4 months, 2 weeks ago

US sanctions hundreds of firms accused of supplying Russia’s war machine

Associated Press  

WASHINGTON — The U.S. imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Friday’s action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian …

Putin signs decree allowing seizure of Americans’ assets if US confiscates Russian holdings
7 months, 2 weeks ago

Putin signs decree allowing seizure of Americans’ assets if US confiscates Russian holdings

Associated Press  

President Vladimir Putin has signed a decree allowing Russia to confiscate assets of U.S. companies and individuals to compensate for any Russian assets confiscated in the United States. The decree was published on the Russian government’s legal portal on Thursday as top finance officials from the Group of Seven industrialized nations began a meeting at which the question of what …

US sanctions hundreds of individuals, firms over Russia’s war in Ukraine
8 months, 1 week ago

US sanctions hundreds of individuals, firms over Russia’s war in Ukraine

Al Jazeera  

The United States has imposed new sanctions on hundreds of individuals and firms linked to Russia’s war in Ukraine, accusing Moscow of illegally using chemical weapons against Ukrainian forces. US officials on Wednesday announced measures targeting more than 280 entities in their latest effort to paralyse Russia’s military and industrial capabilities, including 20 firms based in China and Hong Kong. …

US to impose 500 new sanctions on Russia's ‘war machine’; indicts Russian businessmen
10 months, 2 weeks ago

US to impose 500 new sanctions on Russia's ‘war machine’; indicts Russian businessmen

Hindustan Times  

The Treasury Department plans to impose more than 500 new sanctions on Russia and its war machine on Friday as the US vows to keep up its financial pressure on Moscow with the war entering its third gruelling year. The White House had promised major sanctions in response to the death last week of Russian President Vladimir Putin's most prominent …

US announces charges against Russian businessmen and their facilitators in a message to Putin
10 months, 2 weeks ago

US announces charges against Russian businessmen and their facilitators in a message to Putin

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Justice Department announced …

The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?
1 year, 1 month ago

The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?

Associated Press  

VERONA, Italy — Sitting on a terrace in Verona as the bells toll at a nearby medieval church, Igor Makarov sips coffee as he describes his life as a billionaire under Western sanctions. While sanctions have made life difficult for the tycoons, “it’s not in the short term benefiting Ukraine,” said Nigel Gould-Davies, a former British ambassador to Belarus and …

Under Putin, the uber-wealthy Russians known as 'oligarchs' are still rich but far less powerful
1 year, 1 month ago

Under Putin, the uber-wealthy Russians known as 'oligarchs' are still rich but far less powerful

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy When Vladimir Putin came to …

U.S. imposes new round of sanctions over Russia’s invasion of Ukraine
1 year, 1 month ago

U.S. imposes new round of sanctions over Russia’s invasion of Ukraine

Associated Press  

WASHINGTON — The U.S. on Tuesday imposed sanctions on a Belgian involved in procuring electronics for the Russian military, his companies and a group of Belarusian firms and people tied to Russia’s invasion of Ukraine. Treasury’s Office of Foreign Assets Control targeted a network led by Belgium-based Hans De Geetere, which included nine entities and five people across Russia, Belgium, …

Putin moves to seize assets of ‘naughty’ Western companies fleeing Russia
1 year, 6 months ago

Putin moves to seize assets of ‘naughty’ Western companies fleeing Russia

The Telegraph  

Vladimir Putin has signed a secret decree to seize the assets of Western companies and make it harder for them to leave Russia. The Kremlin last week signed an order that will allow officials to appropriate “naughty” Western assets at cut-price rates and is also considering measures to fully nationalise businesses, the Financial Times reported. Dmitry Peskov, Mr Putin’s spokesman, …

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?
1 year, 7 months ago

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?

Associated Press  

WASHINGTON — The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. Treasury Secretary Janet Yellen said the newest sanctions will tighten the grip on Russian President Vladimir Putin’s “ability to wage his barbaric invasion and will advance …

Rich as Rockefeller: How Russia’s rich retained their wealth despite Western sanctions over Ukraine war
1 year, 8 months ago

Rich as Rockefeller: How Russia’s rich retained their wealth despite Western sanctions over Ukraine war

Firstpost  

Andrei Melnichenko, the founder of fertiliser producer Eurochem, is Russia’s richest person. Reuters report says citing Forbes Russia that there has been an uptick in the wealth of Russian billionaires from $353 billion last March to $505 billion in March 2023. Vladimir Lisin, who heads NLMK Group – a manufacturer of steel products – is the third richest Russian and …

Cyprus probes citizens named over Russian sanctions evasion
1 year, 8 months ago

Cyprus probes citizens named over Russian sanctions evasion

Associated Press  

NICOSIA, Cyprus — Cyprus’ government said Thursday it’s looking into how a number of Cypriot nationals were included in a new round of U.S. and U.K. sanctions targeting the financial networks of Russian oligarchs Alisher Usmanov and Roman Abramovich who are close allies of Russian President Vladimir Putin. Cypriot President Nikos Christodoulides called an emergency meeting of top officials to …

US, UK aim sanctions at Russian oligarchs’ finance networks
1 year, 8 months ago

US, UK aim sanctions at Russian oligarchs’ finance networks

Associated Press  

WASHINGTON — The United States and Britain announced new sanctions Wednesday aimed at Russian oligarchs Alisher Usmanov and Roman Abramovich, targeting the financial networks of two of Moscow’s wealthiest businessmen who are close allies of Russian President Vladimir Putin. Blinken alleged that the two organizations “support Russia’s efforts to undermine the sovereignty and territorial integrity of Ukraine through the militarization …

US sanction officials plan missions to clamp down on Russia
1 year, 9 months ago

US sanction officials plan missions to clamp down on Russia

Associated Press  

WASHINGTON — Top sanctions officials from the U.S. Treasury Department plan special international trips this month to pressure firms and countries still doing business with Russia to cut off financial ties because of the war on Ukraine. Treasury officials Liz Rosenberg and Brian Nelson — specialists in sanctions and terrorist financing — will travel to Europe this month to meet …

US turns to new ways to punish Russian oligarchs for the war
1 year, 9 months ago

US turns to new ways to punish Russian oligarchs for the war

Associated Press  

WASHINGTON — The U.S. has begun an aggressive new push to inflict pain on Russia’s economy and specifically its oligarchs with the intent of thwarting the Kremlin’s invasion of Ukraine. From the Treasury Department to the Justice Department, U.S. officials will focus on efforts to legally liquidate the property of Russian oligarchs, expand financial penalties on those who facilitate the …

Russian oligarch Oleg Deripaska warns Moscow likely to run out of money next year
1 year, 10 months ago

Russian oligarch Oleg Deripaska warns Moscow likely to run out of money next year

Firstpost  

New Delhi: Russian oligarch Oleg Deripaska has warned that Moscow may run out of money by 2024 as it struggles to replace western investors. He also went on to criticise Russian President Vladimir Putin, and said the government should “stop dreaming about some special place for Russia in the world and go about its own business.” Speaking at an investment …

US drops bid to extradite British businessman linked to Russian oligarch
1 year, 10 months ago

US drops bid to extradite British businessman linked to Russian oligarch

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The court received an email from the Home Office …

Moscow will run out of money by…: Russian oligarch Deripaska amid Ukraine war
1 year, 10 months ago

Moscow will run out of money by…: Russian oligarch Deripaska amid Ukraine war

Hindustan Times  

Russian billionaire Oleg Deripaska said Moscow is running out of money amid Vladimir Putin's Ukraine invasion and is likely to have no financial stability by 2024. If Russia receives investment from “friendly” countries, the impact of Western sanctions amid Ukraine war could be reduced, the oligarch added. Oleg Deripaska said that funds have been running low and “that’s why they’ve …

Russian oligarchs close to President Putin still swerving sanctions
1 year, 10 months ago

Russian oligarchs close to President Putin still swerving sanctions

Firstpost  

London: Oligarchs reportedly close to Russian President Vladimir Putin who have had bank accounts frozen or property seized after Moscow’s invasion of Ukraine are pushing back against the Western sanctions – or finding ways around them. Russian banker Petr Aven, who insists he has “no financial or political relationship” with the Kremlin, is asking the UK government to unlock £60,000 …

US sanctions non-Russians linked to military suppliers
2 years, 1 month ago

US sanctions non-Russians linked to military suppliers

Associated Press  

WASHINGTON — The U.S. said Monday it was imposing sanctions on a list of people and firms around the globe that it alleged are involved in supporting Russia’s military as it wages war on Ukraine. He said the U.S. “will continue to crack down on Russia’s attempts to evade international sanctions to fund its war machine.” The Treasury Department’s Office …

Russian billionaire charged with violating US sanctions
2 years, 3 months ago

Russian billionaire charged with violating US sanctions

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Russian billionaire was criminally …

Did sanctions really hurt the Russian economy?
2 years, 4 months ago

Did sanctions really hurt the Russian economy?

Al Jazeera  

Moscow, Russia – Sanctions have noticeably complicated life for Alexander, a 23-year-old art museum worker from Moscow. “This could potentially open the door for something new and positive.” Over the past six months, sanctions have dramatically changed Russia’s economic relationship with the outside world. Anton Tabakh, chief economist at Moscow-based credit assessor Expert RA, told Al Jazeera that two factors …

$30 billion of Russian oligarch wealth frozen under international seizure effort
2 years, 6 months ago

$30 billion of Russian oligarch wealth frozen under international seizure effort

LA Times  

The superyacht Amadea, which the U.S. says is owned by a Russian oligarch under sanction, arrives in San Diego on Monday. A multinational task force designed to seize Russian oligarchs’ wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days in operation, the Treasury Department reported Wednesday. “We continue to increase Russia’s …

Putin-linked elites, yachts, firms targeted for sanctions
2 years, 7 months ago

Putin-linked elites, yachts, firms targeted for sanctions

Associated Press  

WASHINGTON — The U.S. announced new sanctions Thursday on Russian oligarchs and elites, including some of the richest men in Europe and their families, as well as penalties targeting more Kremlin officials, businessmen linked to President Vladimir Putin and their yachts, aircraft and firms that manage them. “Russia’s elites, up to and including President Putin, rely on complex support networks …

Sanctioned Russian oligarch’s megayacht hides in a UAE creek
2 years, 7 months ago

Sanctioned Russian oligarch’s megayacht hides in a UAE creek

Associated Press  

RAS AL-KHAIMAH, United Arab Emirates — In the dusty, northern-most sheikhdom of the United Arab Emirates, where laborers cycle by rustic tea shops, one of the world’s largest yachts sits in a quiet port — so far avoiding the fate of other luxury vessels linked to sanctioned Russian oligarchs. But the 118-meter Motor Yacht A’s presence in a Ras al-Khaimah …

West mulls having Russian oligarchs buy way out of sanctions
2 years, 7 months ago

West mulls having Russian oligarchs buy way out of sanctions

Associated Press  

BERLIN — Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter. The official said it’s also in the West’s interests to have prominent oligarchs dissociate themselves from Russian President Vladimir Putin while at the same time providing funding …

EXPLAINER: Why US needs a law to sell off oligarchs’ assets
2 years, 8 months ago

EXPLAINER: Why US needs a law to sell off oligarchs’ assets

Associated Press  

WASHINGTON — President Joe Biden doesn’t want to just seize the yachts, luxury homes and other assets of Russian oligarchs, he wants to sell off the pricey goods and use the money to help rebuild Ukraine. During a House committee hearing Thursday, the Treasury Department’s Financial Crimes Enforcement Network’s acting director, Himamauli Das, said the agency has received 2,000 suspicious …

Explained: Why US needs a law to sell off Russian oligarchs' assets
2 years, 8 months ago

Explained: Why US needs a law to sell off Russian oligarchs' assets

Firstpost  

Under current federal law, only the Justice Department has the authority to determine how seized funds can be spent. And there are strict rules on who can benefit from seized proceed Washington: President Joe Biden doesn’t want to just seize the yachts, luxury homes and other assets of Russian oligarchs, he wants to sell off the pricey goods and use …

Why the U.S. needs a law to sell off Russian oligarchs’ assets
2 years, 8 months ago

Why the U.S. needs a law to sell off Russian oligarchs’ assets

LA Times  

The superyacht Amadea is docked at the Queens Wharf in Lautoka, Fiji, on April 15. President Biden doesn’t want to just seize the yachts, luxury homes and other assets of Russian oligarchs, he wants to sell off the pricey goods and use the money to help rebuild Ukraine. During a House committee hearing Thursday, the Treasury Department’s Financial Crimes Enforcement …

Biden releases proposal to seize Russian oligarchs’ U.S. assets and give to Ukraine
2 years, 8 months ago

Biden releases proposal to seize Russian oligarchs’ U.S. assets and give to Ukraine

The Hindu  

In a step to redirect Russian wealth towards the rebuilding of Ukraine, some of whose cities have been decimated by sustained battering from invading Russian forces since the end of February, U.S. President Joe Biden announced he would propose that U.S.- based assets of Russian oligarchs be seized and directed towards Ukraine. “We’re going to seize their yachts or luxury …

Cryptocurrency miner in latest Russian sanctions targets
2 years, 8 months ago

Cryptocurrency miner in latest Russian sanctions targets

Associated Press  

WASHINGTON — The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine. Transkapitalbank is a Russian privately owned commercial bank which the U.S. says has helped sanctioned clients process dollar payments, by providing an alternative communication channel to SWIFT …

Cryptocurrency firms in latest Russian sanctions targets
2 years, 8 months ago

Cryptocurrency firms in latest Russian sanctions targets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Transkapitalbank is a Russian privately owned commercial bank which …

Fresh US sanctions hit Russian bank, oligarchs, crypto miner
2 years, 8 months ago

Fresh US sanctions hit Russian bank, oligarchs, crypto miner

Al Jazeera  

The United States has imposed several rounds of sanctions on Moscow since its February 24 invasion of Ukraine. The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of existing sanctions over Russia’s invasion of Ukraine. The US Department of the …

Russia’s Putin says Western sanctions have failed
2 years, 8 months ago

Russia’s Putin says Western sanctions have failed

Al Jazeera  

Sanctions against Russia over its invasion of Ukraine led to a ‘deterioration of the economy in the West’, President Putin says. Western countries have imposed unprecedented sanctions on Russia’s corporate and financial system since it sent troops into Ukraine on February 24 in what it calls a “special military operation”. Putin said Russia should use its budget to support the …

Courchevel, once the French playground for Russian oligarchs, is virtually empty as sanctions hit Vladimir Putin's elites
2 years, 9 months ago

Courchevel, once the French playground for Russian oligarchs, is virtually empty as sanctions hit Vladimir Putin's elites

ABC  

Before the war against Ukraine started just over a month ago, the exclusive French ski resort of Courchevel was buzzing with wealthy Russians. Courchevel, or "Courchevelovo" as it is often referred to in Russian, lies in the French Alps and boasts the largest ski area in the world. An employee at chic local restaurant La Mangeoire said this year the …

Biden, Putin children open targets in sanctions over Ukraine
2 years, 9 months ago

Biden, Putin children open targets in sanctions over Ukraine

Associated Press  

WASHINGTON — In targeting Vladimir Putin’s adult daughters with sanctions over Russia’s invasion of Ukraine, the Biden administration ripped aside the privacy Putin has long maintained over his closest ties — avoiding mention of the two women’s full names in public, and most other references to them as well. The sanctions imposed on immediate family members of Putin and other …

Biden, Putin children open targets in sanctions over Ukraine
2 years, 9 months ago

Biden, Putin children open targets in sanctions over Ukraine

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The sanctions imposed on immediate family members of Putin and other Russian oligarchs also …

Russian oligarchs with business interests in Australia sanctioned amid Ukraine war
2 years, 9 months ago

Russian oligarchs with business interests in Australia sanctioned amid Ukraine war

ABC  

The Australian government has slapped sanctions on two Russian oligarchs with business interests in Australia, after initially leaving them off of Australia's official sanctions list. Key points: Both men have involvement or stakes in resource projects in Australia They have already been sanctioned by the US and UK The government flagged earlier this week it was looking into how it …

Is seizing the yachts & mansions of Russian oligarchs enough? No.
2 years, 9 months ago

Is seizing the yachts & mansions of Russian oligarchs enough? No.

Al Jazeera  

New York, United States–Over the past week at least half a dozen oligarch mega yachts have been seized or disabled in European ports, offshore havens like Isle of Mann have begun delisting private aircraft and McMansions in London have been occupied by activists – scenes straight out of a Hollywood script. After years of nurturing financial systems that assigned assets …

US works to ‘seize and freeze’ wealth of Russian oligarchs
2 years, 9 months ago

US works to ‘seize and freeze’ wealth of Russian oligarchs

Associated Press  

WASHINGTON — Announcing tough sanctions against Russian oligarchs over the war in Ukraine was step one. The effort faces several challenges, including varying laws across countries that could make legal discovery difficult and the risk of penalizing innocent people whose property may be tied up in an oligarch’s seized assets. “You have to be able to describe not only what …

'The world's most expensive safe deposit boxes': Here's how Russian oligarchs are hiding their money in Manhattan
2 years, 9 months ago

'The world's most expensive safe deposit boxes': Here's how Russian oligarchs are hiding their money in Manhattan

Raw Story  

Some call them "the world's most expensive safe deposit boxes." "Over the last decade," according to the report, "the city's developers have put up a series of supertall, jagged, toothpick towers at the bottom of Central Park, designed and marketed to the world's.01 percent, a tiny group in which Russian oligarchs are disproportionately represented." RELATED: Russian oligarchs may have trouble …

US: Those helping wealthy Russians hide assets will be prosecuted
2 years, 9 months ago

US: Those helping wealthy Russians hide assets will be prosecuted

Al Jazeera  

The US and its allies have imposed strong economic sanctions on Russia in response to its invasion of Ukraine. The Justice Department will investigate and prosecute people, banks, cryptocurrency exchanges and others that help rich Russians hide or launder their luxury assets and money, a senior department official said. The actions will be undertaken by a new task force dedicated …

Italian police seize $200m of Russian oligarchs' assets as part of sanctions over Ukraine
2 years, 10 months ago

Italian police seize $200m of Russian oligarchs' assets as part of sanctions over Ukraine

ABC  

Italian police have seized villas and yachts worth at least 140 million euros from five high-profile Russians who have been placed on an EU sanctions list following Moscow's attack on Ukraine. Key points: The affected oligarchs include Russia's richest man, Alexey Mordashov Another has been described by the Russian President as one of his closest associates More assets are expected …

Russian oligarchs may have trouble avoiding seizure of their multi-million dollar yachts: report
2 years, 10 months ago

Russian oligarchs may have trouble avoiding seizure of their multi-million dollar yachts: report

Raw Story  

According to a report from Business Insider, Russian oligarchs seeking to avoid having their multi-million dollar yachts seized may have trouble finding a safe port to stash them due to Vladimir Putin's unprovoked invasion of Ukraine. As the report notes, there are complications in stripping the wealthy Russians of one of the favorite playtoys, but as the U.S lawmakers contemplate …

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