Palaces, super-yachts, Swiss accounts. How rich is Putin and can sanctions hurt him?
2 years, 9 months ago

Palaces, super-yachts, Swiss accounts. How rich is Putin and can sanctions hurt him?

LA Times  

On Feb. 24, the day Putin launched the invasion of Ukraine, the Russian news agency Tass reported that he summoned 37 of the country’s business representatives to St. Catherine Hall in the Kremlin. ” Daniel Treisman, a UCLA professor who specializes in Russian politics and economics, noted, “It’s not that he has assets outside the country that are vulnerable to seizure that he’s worried about losing. It certainly won’t lead him to cut back the luxuriousness of his lifestyle.” At the same time, Treisman said, “it will certainly be taken as a personal attack, and he’s quite thin-skinned about those things.” “I think we have to be worried about his emotional and psychological state,” he said. Air combat missions would have to be supported by ground-based operations and the U.S. and its NATO allies would have to be prepared to go in over land, making it “a slippery slope from there to a shooting war.” Who gets to decide if Putin is a war criminal?

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History of this topic

'Gloomy' Russian oligarchs think country is in trouble even with Trump win
1 month, 1 week 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 …

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death
10 months ago

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death

Huff Post  

LOADING ERROR LOADING WASHINGTON — The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. Treasury Department plans Friday to impose more than 500 …

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

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

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 …

'Politically motivated' Western sanctions on Russia have caused global economic challenges: Putin
2 years, 6 months ago

'Politically motivated' Western sanctions on Russia have caused global economic challenges: Putin

India Today  

Russian President Vladimir Putin on Wednesday said the "politically motivated" Western sanctions on his country have caused global economic challenges like decrease in business activity, a spike in unemployment, a shortage of raw materials and difficulties in ensuring global food security. "There is a decrease in business activity, an increase in unemployment, a shortage of raw materials and components, difficulties …

Russian economy to overcome 'reckless' sanctions, says Putin
2 years, 6 months ago

Russian economy to overcome 'reckless' sanctions, says Putin

The Hindu  

President Vladimir Putin said at Russia's showpiece investment conference on Friday that the country's economy will overcome sanctions that he called “reckless and insane.” Mr. Putin began his address to the St. Petersburg International Economic Forum with a lengthy denunciation of countries that he contends want to weaken Russia, including the United States. “In the current situation, against a backdrop …

Western sanctions to cripple Russian economy did not work: Vladimir Putin
2 years, 6 months ago

Western sanctions to cripple Russian economy did not work: Vladimir Putin

India Today  

Amid heavy fighting in Ukraine with strategic locations under intense shelling from Russian forces, Russian President Vladimir Putin said Western sanctions that were imposed to cripple the Russian economy have failed. The deterioration of the situation in the global economy is not a matter of recent months, it is not connected with Russia's special military operations, said Putin. Putin said …

Putin blasts ‘stupid’ Western sanctions as economic ‘blitzkrieg’
2 years, 6 months ago

Putin blasts ‘stupid’ Western sanctions as economic ‘blitzkrieg’

Al Jazeera  

At St Petersburg economic forum, Russian president says West trying to crush Russia with ‘stupid sanctions’, amounting to an economic ‘blitzkrieg’. Russian President Vladimir Putin has accused the West of colonial arrogance and of trying to crush his country with “stupid” sanctions that amounted to an economic “blitzkrieg”. Putin drew applause from the hall when he reaffirmed his determination to …

Putin-linked elites, yachts, firms targeted for sanctions
2 years, 6 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, 6 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 …

Putin: West’s Russia sanctions triggering global economic crisis
2 years, 7 months ago

Putin: West’s Russia sanctions triggering global economic crisis

Al Jazeera  

The West’s attempt to economically isolate Russia has propelled the global economy into uncharted waters with soaring prices for food and energy. Russian President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on Russia the most severe sanctions in recent history over the conflict in Ukraine. …

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 …

Putin’s daughters targeted in US sanctions: Who are they?
2 years, 8 months ago

Putin’s daughters targeted in US sanctions: Who are they?

Al Jazeera  

Latest sanctions imposed on Russia over Ukraine war target Katerina Tikhonova and Maria Vorontsova as US accuses them of hiding their father’s wealth. The latest round of sanctions by the United States on Russia has drawn renewed scrutiny to the family life of Russian President Vladimir Putin, unveiling two new targets: Katerina and Maria, his eldest daughters. A senior US …

Opinion: Why sanctions won’t deter Putin
2 years, 8 months ago

Opinion: Why sanctions won’t deter Putin

CNN  

Editor’s Note: Peter Bergen is CNN’s national security analyst, a vice president at New America and a professor of practice at Arizona State University. CNN — The Biden administration Wednesday slapped sanctions on Russian President Vladimir Putin’s daughters, as well as imposing sanctions on two of Russia’s biggest banks. The ratcheting-up of sanctions on Russia gives the world the illusion …

Biden announces sanctions on Russian financial institutions, Putin’s daughters and others
2 years, 8 months ago

Biden announces sanctions on Russian financial institutions, Putin’s daughters and others

CNN  

CNN — President Joe Biden declared “major war crimes” were being discovered in Ukraine as Russian forces retreat from areas around Kyiv, citing scenes of brutal, cold-blooded executions as rationale for ratcheting up US sanctions on Moscow. “Responsible nations have to come together to hold these perpetrators accountable,” Biden told a union crowd in Washington as the White House announced …

'Putin a war criminal for atrocities against Ukrainian people': US senate
2 years, 9 months ago

'Putin a war criminal for atrocities against Ukrainian people': US senate

Hindustan Times  

The United States on Tuesday passed a resolution unanimously condemning Russian President Vladimir Putin and branding him a 'war criminal'. Russian President Vladimir Putin In a speech, Senate majority leader Chuck Schumer said, "All of us in this chamber joined together, with Democrats and Republicans, to say that Vladimir Putin cannot escape accountability for the atrocities committed against the Ukrainian …

EU and UK hit Russia with wider sanctions that target luxury
2 years, 9 months ago

EU and UK hit Russia with wider sanctions that target luxury

Associated Press  

BRUSSELS — Pure-bred horses, truffles, a soccer club owner and a media company chief. The 27-nation bloc sought to stay away from sanctions that would sap its supply of Russian energy, but pounced with measures worth billions while stifling Russia’s ability to work on global markets by banning EU rating agencies from working with Russian clients. Russia also imposed some …

New US sanctions on Russian billionaire, Putin spokesman’s family
2 years, 9 months ago

New US sanctions on Russian billionaire, Putin spokesman’s family

Al Jazeera  

New US sanctions target Russian legislators, billionaire Viktor Vekselberg and three members of Dmitry Peskov’s family. The United States has imposed sanctions on Russian billionaire Viktor Vekselberg, three family members of President Vladimir Putin’s spokesperson and legislators, in the latest punishment for Russia’s invasion of Ukraine. “Treasury continues to hold Russian officials to account for enabling Putin’s unjustified and unprovoked …

Putin says Russia will emerge stronger, sanctions will rebound
2 years, 9 months ago

Putin says Russia will emerge stronger, sanctions will rebound

Al Jazeera  

President Vladimir Putin says sanctions on Russia would lead to higher food and energy prices in the West. Russian President Vladimir Putin has said sanctions imposed against Russia would rebound against the West, including in the form of higher food and energy prices, and Moscow would solve its problems and emerge stronger. Putin said Moscow – a major energy producer …

An unnecessary war and its grave portents
2 years, 9 months ago

An unnecessary war and its grave portents

The Hindu  

Russia’s attack on Ukraine, which began from the third week of February, shows no sign of ending. More an economic concern The primary concern of European nations and the United States appears to be the economic impact of the conflict — rather than the human costs involved — consequent on the ongoing war in Ukraine. Debating the sanctions route It …

Column: How Western sanctions may demolish Putin’s ‘Fortress Russia’
2 years, 9 months ago

Column: How Western sanctions may demolish Putin’s ‘Fortress Russia’

LA Times  

For years, Vladimir Putin worked assiduously to strengthen what was known as “Fortress Russia,” reducing its government debt and building up its reserves of gold and foreign currency as a bulwark against political and economic challenges. — Robert Person, U.S. Military Academy Russia holds roughly an additional $132 billion in gold domestically, but monetizing that hoard will be extremely difficult …

Russian billionaires pay the price of Putin's war, lose over $126 billion
2 years, 9 months ago

Russian billionaires pay the price of Putin's war, lose over $126 billion

India Today  

Billions of dollars have been wiped from the fortunes of Russia’s billionaires as the country’s stock market and the ruble plunged after President Vladimir Putin launched a full-scale invasion of Ukraine. READ | Russia-Ukraine war | Putin alerts nuclear force, here's all you need to know Over 116 billionaires have lost more than $126 billion since Russia invaded Ukraine on …

Sanctions swing toward Putin himself as Ukraine anger grows
2 years, 9 months ago

Sanctions swing toward Putin himself as Ukraine anger grows

Associated Press  

KYIV, Ukraine — With Russian President Vladimir Putin the latest target of sanctions over the invasion of Ukraine, diplomatic appeals came second Saturday to imposing financial and military pain on Moscow as global condemnation grew. White House press secretary Jen Psaki on Friday said the U.S. was preparing individual sanctions on Putin and Foreign Minister Sergey Lavrov, likely to include …

U.S. sanctions on Russian oligarchs miss richest of rich
2 years, 9 months ago

U.S. sanctions on Russian oligarchs miss richest of rich

The Hindu  

The term Russian oligarch conjures images of posh London mansions, gold-plated Bentleys and sleek superyachts in the Mediterranean, their decks draped with partiers dripping in jewels. Mr. Biden said Thursday the new U.S. sanctions would nonetheless cripple Russia’s financial system and stymie its economic growth by targeting Russia’s biggest banks, which the Treasury Department said holds nearly 80% of all …

US sanctions on Russian oligarchs miss richest of rich
2 years, 9 months ago

US sanctions on Russian oligarchs miss richest of rich

Associated Press  

WASHINGTON — The term Russian oligarch conjures images of posh London mansions, gold-plated Bentleys and sleek superyachts in the Mediterranean, their decks draped with partiers dripping in jewels. Daniel Fried, a former U.S. official under both Democratic and Republican administrations who helped craft U.S. sanctions against Moscow in the wake of Putin’s 2014 invasion of the Crimean Peninsula, said he …

Vladimir Putin to face personal sanctions from Australia, as it plans to join international punishment
2 years, 9 months ago

Vladimir Putin to face personal sanctions from Australia, as it plans to join international punishment

ABC  

Australia will level punishing financial sanctions against eight Russian oligarchs within Russian President Vladimir Putin's circle, and 339 members of the Russian parliament, as Russia's invasion of Ukraine continues. Key points: Australia intends to impose sanctions on Vladimir Putin directly Economic punishment has been extended to several oligarchs and politicians China has accused Australia of a smear campaign over its …

The U.S. sanctions on Russian oligarchs miss the richest of the rich
2 years, 9 months ago

The U.S. sanctions on Russian oligarchs miss the richest of the rich

NPR  

The U.S. sanctions on Russian oligarchs miss the richest of the rich Enlarge this image toggle caption Sergei Karpukhin/AP Sergei Karpukhin/AP WASHINGTON — The term Russian oligarch conjures images of posh London mansions, gold-plated Bentleys and sleek superyachts in the Mediterranean, their decks draped with partiers dripping in jewels. Planet Money Putin's big bet: Sanction-proofing Russia Putin's big bet: Sanction-proofing …

Is Vladimir Putin secretly rich? Why sanctioning Russia's leader over invading Ukraine is so tricky
2 years, 9 months ago

Is Vladimir Putin secretly rich? Why sanctioning Russia's leader over invading Ukraine is so tricky

ABC  

When the West imposed sanctions on Russia this week in response to the country's invasion of Ukraine, the financial punishments got closer to Vladimir Putin than ever before. The 'oligarch trustees' who may manage Putin's funds Bill Browder believes that Vladimir Putin has amassed enormous wealth by making a very simple, but effective deal with Russia's elite. President Vladimir Putin …

Biden imposes sanctions on Putin as Russian president continues attack on Ukraine
2 years, 10 months ago

Biden imposes sanctions on Putin as Russian president continues attack on Ukraine

LA Times  

President Biden imposed economic sanctions Friday on Russian leader Vladimir Putin and a $10-billion Kremlin-run investment fund as the U.S. sought to bolster an economic pressure campaign aimed at punishing Moscow for launching its unprovoked war with Ukraine, the White House announced. Biden’s move to sanction the Russian president directly came after a call with Ukrainian President Volodymyr Zelensky, who …

World leaders fine-tune punitive measures against Russia
2 years, 10 months ago

World leaders fine-tune punitive measures against Russia

NPR  

World leaders fine-tune punitive measures against Russia Enlarge this image toggle caption Damian Dovarganes/AP Damian Dovarganes/AP TOKYO — Twenty million dollars in U.N. humanitarian funds, and a planned infusion of 1.5 billion euros in EU economic aid for Ukraine. Sponsor Message French Finance minister Bruno Le Maire said Friday that France and its European allies are determined to inflict great …

Biden hits Russia with new sanctions, says Putin \'chose\' war
2 years, 10 months ago

Biden hits Russia with new sanctions, says Putin \'chose\' war

Deccan Chronicle  

Washington: President Joe Biden on Thursday announced a new round of sanctions targeting Russia after its invasion of Ukraine, charging that Russian leader Vladimir Putin “chose this war" and that his country will bear the consequences of his action. The United States and its allies will block assets of four large Russian banks, impose export controls and sanction oligarchs The …

Biden imposes additional sanctions on Russia: ‘Putin chose this war’
2 years, 10 months ago

Biden imposes additional sanctions on Russia: ‘Putin chose this war’

CNN  

Washington CNN — President Joe Biden on Thursday unveiled harsh new sanctions on Russia meant to punish the country for its full-scale invasion of Ukraine, calling out Russian President Vladimir Putin for his aggression even as he acknowledged it would take time for the new measures to alter Putin’s behavior. He declared the Russian president’s actions would “end up costing …

‘Counterproductive’: Kremlin Warns Biden Against Imposing Personal Sanctions On Putin
2 years, 10 months ago

‘Counterproductive’: Kremlin Warns Biden Against Imposing Personal Sanctions On Putin

News 18  

The Kremlin on Wednesday said that any kind of personal sanctions on Russian president Vladimir Putin would not help in reducing tensions across the Russian-Ukrainian border. Peskov’s remarks come hours after US president Joe Biden, while addressing reporters at the White House’s briefing room, said that he would consider economic sanctions personally targeting Vladimir Putin if he attacks Ukraine. This …

Russian activist Navalny’s foundation calls on Biden to sanction Putin’s closest allies
3 years, 10 months ago

Russian activist Navalny’s foundation calls on Biden to sanction Putin’s closest allies

CNN  

Moscow CNN — The foundation set up by Russian opposition leader Alexey Navalny has called on US President Joe Biden to impose sanctions on at least eight high profile Russian figures it says are close to Russian President Vladimir Putin. Navalny’s Anti-Corruption Foundation said it had submitted a broader list of 35 people in total in a letter addressed to …

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