Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Melnichenko's"


3 mentions found


Russia's oligarchs are even less likely to turn on Vladimir Putin 18 months after the invasion. In the 18 months since Russia invaded Ukraine, the lives of Russian oligarchs such as Melnichenko have changed immeasurably in the face of Western sanctions. Sanctions were unleashed on Russia's billionaires as part of a wider set of economic restrictions that some hoped would inspire a revolt within the country. Russia's oligarchs have Putin to thank for their ongoing success. Revolt is possible but unlikelyIt now appears Russia's oligarchs have adapted to a new status quo where they lack political influence but still have a reliable stream of cash.
Persons: Vladimir Putin, Andrey Melnichenko, Putin, Mikhail Svetlov, Melnichenko, Forbes, hasn't, Putin —, Roman Abramovich, Alisher, Alisher Usmanov, Alexei Druzhinin, Ivan Fomin, Fomin, That's, Peter Rutland, Vladimir Potanin, Potanin, Rosbank, they've, there'd, Rutland, they're, Abramovich, Michael Regan Abramovich, He's, We'll, Arkady Volozh, Yevgeny Prigozhin, Putin oligarch, Wagner Organizations: Putin, Service, Financial Times, United Arab, Russia's, Soviet Union, Union, Kremlin, Center for, Center for Strategic, International Studies, Forbes, Wesleyan University, Bloomberg, New York Times, London, Chelsea FC, Getty, Guardian, Street, EU Locations: Wall, Silicon, Dubai, United Arab Emirates, Russia, Ukraine, Soviet, EU, Russian, Rutland, France, Thailand, Turkey
Russia filed a lawsuit against oligarch Andrey Melnichenko, who is worth $13 billion. The state is looking to seize Sibeco amid Putin's call for Russian tycoons to invest at home. Authorities have filed a lawsuit against Andrey Melnichenko, an oligarch now based in the United Arab Emirates, the Financial Times reported on Sunday. The ninth richest person in Russia, Melnichenko — who has been sanctioned by the European Union and the US — is worth $13 billion as of Monday, according to Bloomberg Billionaire's Index. In March 2022, Melnichenko — whose mother is Ukrainian — told Reuters in an interview that Russia's invasion of Ukraine was "truly tragic."
Persons: oligarch Andrey Melnichenko, Andrey Melnichenko, , nationalize, Melnichenko, Putin, Melnichenko —, Ukrainian — Organizations: Service, Moscow, Authorities, United Arab Emirates, Financial Times, Melnichenko's, Kremlin, Reuters, European Union, Bloomberg Billionaire's Locations: Russia, Wall, Silicon, Ukraine, Siberian, Krasnoyarsk —, Russian, Ukrainian
Seized yachts owned by sanctioned Russian oligarchs hang in limbo as US and European authorities decide next steps. Annual maintenance for some of the yachts costs as much as $115.6 million. Earlier this week, CNBC reported that billions of dollars in oligarch's assets — from yachts and villas to private jets — are still frozen. And while the Russian oligarchs are still technically responsible for paying for yacht maintenance, they're unlikely to fork over the maintenance cost or authorities will encounter difficulty collecting the funds due to sanctions on financial transactions with the billionaires. According to Maltby, the maintenance cost of a yacht usually totals about 15% to 20% of its overall value.
Total: 3