A Dutch auction house is selling the seized yacht of a pro-Kremlin oligarch, per a Ukraine agency. Ukraine said it’s the first seized asset to be sold to help support the country. The move is a “turning point” that could pave the way for similar efforts abroad, it said. A Dutch auction house is gearing up […]
It’s been two years since Russia invaded Ukraine, leading to sanctions against Russian oligarchs. Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The yachts, some of which are worth hundreds of millions of dollars, remain in a state of limbo. More than two years after Russia invaded Ukraine, […]
The permanent representatives of the EU have approved the extension of current sanctions against Russia and Belarus for another six months, rejecting Hungary’s attempt to exclude the names of three Russian oligarchs, namely Alisher Usmanov, Viatcheslav Kantor, and Dmitry Mazepin, from the lists. Source: Rikard Jozwiak, Brussels correspondent of Radio Liberty, on Twitter (X), as […]
By Luc Cohen NEW YORK (Reuters) – The U.S. government said it is spending more than $7 million a year to maintain a superyacht it seized from a sanctioned Russian oligarch, and urged a judge to let it auction the vessel before a dispute over its ownership is resolved. Authorities in Fiji seized the 348-foot […]
Ukraine’s High Anti-Corruption Court (HACC) nationalized Ukrainian assets valued at half a billion hryvnias ($13 million) belonging to sanctioned Russian oligarch Eduard Khudainatov. The Security Service of Ukraine (SBU) announced in a statement that ‘100% of his share in the authorized capital of LLC ‘Alliance-Ukraine Oil Company,’ which is estimated at almost half a billion […]
The Dec. 12 cyberattack on Ukraine’s largest mobile operator, Kyivstar, was unrelated to the return of sanctioned Russian oligarch Mikhail Fridman from London to Moscow, the former head of the company, Petro Chernyshov, said in an interview with NV on Jan. 5. “Fridman had zero involvement with Kyivstar’s network or its IT systems,” Chernyshov said. […]
FBI agents tasked with investigating sanctions-busting have been dispatched to Cyprus as the global crackdown against Russian oligarchs, and the web of enablers who have helped hide their wealth, intensifies. The 24-strong team was expected to start “assisting Cypriot police” with immediate effect after arriving on the eastern Mediterranean island late Sunday. “They are here,” […]