Russian oligarchs are welcome in Turkey, but they must comply with international law in order to do business, Turkish Foreign Minister Mevlüt Çavuşoλουlu said today, according to Reuters. Turkey has strongly criticized Russia’s invasion of Ukraine, but opposes sanctions imposed by its NATO allies. “If the Russian oligarchs or any Russian citizen wants to visit […]
Tag: OLIGARCHS
Russian oligarch Dmitry Pubiansky’s yacht seized in Gibraltar
The yacht of Russian oligarch Dmitry Pubiansky was confiscated in the British enclave of Gibraltar, after the appeal of a creditor bank, became known by the authorities, linking this measure with the British sanctions against the businessman after the war in Ukraine. The Maltese-flagged vessel, named Axioma, “has been the subject of a seizure request […]
Roman Abramovich’s luxury yacht off the coast of Turkey
The luxury yacht of Russian oligarch Roman Abramovich, one of his billionaire compatriots who have been sanctioned, sailed a few kilometers off the coast of southwestern Turkey on Monday, after approaching the waters of the European Union. Last week, Abramovich flew to Moscow from Istanbul on his private jet. This was the second jet trip […]
France seizes or seizes resources of Russian oligarchs worth 850 million euros
France has frozen or confiscated the resources of Russian oligarchs worth about 850 million euros, Economy Minister Bruno Lemerre said yesterday. 539m euros worth of real estate, 150m euros in deposits and placements in French bank accounts have been frozen, Lemmer told RTL, adding that two yachts worth 150m euros had been seized. The French […]
Sanctions in Russia: Jewish oligarchs resign from charity
Three Jewish oligarchs suspected of having ties to Russian President Vladimir Putin have resigned from a major charity they founded after being hit by sanctions following the Russian invasion of Ukraine, according to a statement from the Genesis group. Michael Friedman, Peter Aven and German Hahn will resign from their roles in the Genesis Philanthropy […]
End of an era for the Russian oligarchs
Performance – editing: George D. Pavlopoulos On the day of the Russian invasion, Ukrainian President Volodymyr Zelensky said in a statement: “What are we hearing today? It’s not just rocket blasts and aircraft roars. and excludes Russia from the civilized world. ” This is how the new, troubled world order is defined. Many analysts never […]
How the Russian oligarchs got rich
By John Hyatt In response to Russia’s invasion of Ukraine, the United States and its allies are trying to “strangle” Russian banks and companies as well as Russian oligarchs, with their brutal yachts and vast fortunes making us wonder: Who are called oligarchs and how? did they get rich? Eliz Giuliano, a lecturer in political […]
Italy has seized the yacht of Russian oligarch Andrei Melnichenko
LAST ANNOUNCEMENT: 14:47 Italian police have seized a luxury boat belonging to Russian billionaire Andrei Igorevich Melnichenko, the prime minister’s office said on Saturday, days after the businessman was placed on the EU sanctions list following Russia’s invasion of Ukraine, according to Reuters. The 143-meter-long sailing vessel A, which costs 530m euros, has been seized […]
Britain freezes assets of Abramovich and six other Russian businessmen
LAST UPDATE: 15:17 Britain has frozen the assets of seven Russian businessmen, including Roman Abramovich, Igor Setsin, Oleg Deripaska and Dmitry Lebedev, after being added to the country’s sanctions list, Reuters reported. In all, Britain said the seven people added to the sanctions list because of their relationship with Russian President Vladimir Putin had a […]
Where the Russian oligarchs ‘hide’ their luxury yachts
By Giacomo Tognini Russian tycoons have been in the spotlight since February 24, when Vladimir Putin’s military forces invaded Ukraine. In his speech on the “State of the Union” on Tuesday, US President Joe Biden sends clear message to Russian oligarchs that his government will work with European countries to seize “their yachts, their luxury […]