Senate Speaker Chuck Sumer said Sunday he would mobilize at the request of President Joe Biden’s government to add provisions to the $ 33 billion bailout package in Ukraine so that U.S. authorities can proceed with seizures. resources of Russian oligarchs, to liquidate them and send the revenue directly to Kyiv. “Ukraine needs all the […]
Tag: OLIGARCHS
US: Liquidated assets of Russian oligarchs in the package of 33 billion to Ukraine
The head of the Democratic parliamentary group in the US Senate, Chuck Sumer, said on Sunday that he would add provisions to the $ 33 billion aid package to Ukraine, which would allow the United States to seize assets of Russian oligarchs and send money coming from them in Ukraine, according to what was broadcast […]
The Russian tycoons who deny Russia
By Chase Peterson-Withorn Russian tycoons are going through difficult times. From the annexation of Crimea in 2014 to the Russian invasion of Ukraine in February 2022, 34 current and former Russian billionaires have been sanctioned by the United States, the United Kingdom or the European Union. Western authorities have blocked their businesses, seized their luxury […]
Fiji: ‘Block’ on cruise ship allegedly owned by Russian oligarch
Fiji authorities today demanded that a super-yacht belonging to a Russian oligarch be banned at the request of the United States as part of sanctions against Russia following its invasion of Ukraine. Expert websites have found that there is a connection between this yacht and the Russian oligarch Suleiman Kerimov, who is subject to sanctions […]
Prominent economists call for archive to track down hidden assets of Russian oligarchs
Prominent economists are calling on the leaders of the G20 to create a global asset archive in a letter published today in the British newspaper The Guardian to identify the hidden assets of Russian oligarchs. “The case of the Russian oligarchs is revealing in terms of concealing assets inside dark structures,” economists, including Frenchman Tomas […]
How a Ukrainian ‘oligarch’ controls his business empire from exile
Historically, Ukraine is a country of extremes, whether a bridge or a battlefield, says wealthy businessman Dimitro Firtasch in an interview. Since February 24 and the attack by the Russian army, the war, which has been raging since 2014, has expanded dramatically. This has also partially paralyzed the business of the 57-year-old, who is considered […]
The richest Russian oligarch ‘snatches’ the Société Générale
By John Hyatt Western sanctions have hit the “pockets” and portfolios of many Russian oligarchs, with the United States, the European Union and the United Kingdom targeting luxury homes, private jets and yachts. Vladimir Potanin, however, is still “untouched” by the above countries. Only Canada last week imposed sanctions on the “metal tycoon” and one […]
New London for oligarchs or … Istanbul
The number of Russian depositors in Turkish banks is growing after Western sanctions. Turkey wants to make Istanbul an international financial center with little chance. Thousands of Russians are fleeing their country to Turkey after sanctions were imposed on Russia. Younger people try to get money with their card from the ATMs of Turkish banks, […]
Handelsblatt: Why sanctions against oligarchs are not effective enough
The game of hide and seek started two weeks before the Russian invasion, according to a Handelsblatt article. Suddenly, the yacht “Graceful” had disappeared from the port of Hamburg, although the famous ship was being repaired there. He later entered the port of Kaliningrad, Russia. The yacht is said to belong to Vladimir Putin. Like […]
Turkey may become new ‘home’ for Russian oligarchs, but it carries risks
The wealth of Russian oligarchs is looking for a new “home” and Turkey is quickly establishing itself as a welcome host, according to CNBC. Turkish Foreign Minister Mevlüt ÇavuÅŸoγlu told CNBC on Saturday that he would welcome Russian oligarchs to Turkey, who have been sanctioned, both as tourists and as investors, provided their business transactions […]