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☆ German sanctions officers raid Russian citizen's properties in Bavaria
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +1 min

Russian businessman and founder of USM Holdings Alisher Usmanov attends a session during the Week of Russian Business, organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), in Moscow, Russia March 16, 2017. REUTERS/Sergei Karpukhin/File Photo Acquire Licensing RightsBERLIN, Oct 5 (Reuters) - German police and customs officers on Thursday searched several properties in southern Germany belonging to a Russian national in relation to assets frozen under European Union sanctions, customs officials said. A source familiar with the matter told Reuters that Russian oligarch Alisher Usmanov was the target of the operation. A special commission dubbed "Matryoshka", set up by the German customs authority's sanctions office, said in a statement that officers searched properties in greater Munich and Tegernsee in Bavaria. The German customs authority's special commission said it was acting on court search warrants.

Persons: Usmanov, Sergei Karpukhin, Miranda Murray, Joern Poltz, Rachel More, Friederike Heine, Bernadette Baum Organizations: USM Holdings, Russian, Industrialists, Entrepreneurs, REUTERS, Rights, Union, Reuters, Usmanov, Thomson Locations: Russian Union, Moscow, Russia, Germany, Russian, Uzbek, Ukraine, Munich, Tegernsee, Bavaria, Rottach

☆ 18 months after Putin invaded Ukraine, Russia's sanctioned oligarchs are still rich and even less likely to stand up to him
▼ + stars: | 2023-09-09 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +10 min

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

☆ Italy has frozen Russian oligarchs' assets worth $2.5 billion
▼ + stars: | 2023-07-04 | by ( ) www.reuters.com time to read: +1 min

ROME, July 4 (Reuters) - Italy has frozen Russian oligarchs' assets valued at around 2 billion euros ($2.5 billion) following the invasion of Ukraine last year, the country's central bank said on Tuesday. Italy seized assets -- including bank accounts, luxury villas, yachts and cars -- as part of the European Union's sanctions against the Kremlin and its backers. UIF Director Enzo Serata added that financial holdings worth around 330 million euros, linked to 80 individuals, had been frozen as part of the sanctions regime. Some of the oligarchs targeted by the measures have filed legal appeals, including Russian-Uzbek metals and telecoms tycoon Alisher Usmanov. In April, an Italian court referred to the EU Court of Justice a decision on whether to maintain a freeze on his assets, worth more than 80 million euros.

Persons: Enzo Serata, Alisher Usmanov, Alvise, Keith Weir Organizations: Kremlin, Bank of Italy's, Thomson Locations: Italy, Ukraine, Como, Sardinia, Tuscany, Russian

☆ U.S., U.K. Sanction Firms Tied to Russian Oligarch Alisher Usmanov
▼ + stars: | 2023-04-12 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-u-k-sanction-firms-tied-to-russian-oligarch-alisher-usmanov-85cf0dc4

☆ U.S., U.K. Sanction Firms tied to Russian Oligarch Alisher Usmanov
▼ + stars: | 2023-04-12 | by ( Ian Talley | ) www.wsj.com time to read: 1 min

☆ U.S. imposes fresh sanctions on financial network linked to Russian oligarch Alisher Usmanov
▼ + stars: | 2023-04-12 | by ( Amanda Macias | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Biden administration imposed fresh sanctions aimed at the financial network linked to Russian billionaire and business tycoon Alisher Usmanov. Last year, German authorities seized the world's largest superyacht following official confirmation that the vessel had links to Usmanov. Read more: World’s largest yacht, linked to Russian billionaire Usmanov, is seized by GermanyUsmanov and his superyacht entered the crosshairs of the U.S. and its allies following coordinated global sanctions on Russian elites with Kremlin ties. Last March, French authorities seized a massive yacht they say is linked to Igor Sechin, a Russian billionaire who is CEO of state oil company Rosneft. The Lady M, known to be the property of Russian billionaire Alexei Mordashov, was previously seized in Italy.

The sanctions, imposed by the Treasury and State departments in concert with Britain, hit entities and individuals across over 20 countries and jurisdictions, including facilitators of sanctions evasion, the State Department said in a statement. Separately, the Treasury said it imposed sanctions on Russian financial facilitators and sanctions evaders around the world, including Turkey, United Arab Emirates and China-based people and companies. The Treasury also targeted King-Pai Technology HK Co, Ltd, which it said is a China-based supplier for multiple entities in Russia's military-industrial complex. Washington has not yet imposed sanctions on Rosatom itself. "It will always be a race between sanctions enforcement and sanctions evaders.

Downing Street referred requests for comment to the business ministry, which oversees Companies House, Britain’s public registry of companies. And, in most cases, if foreign companies purchased the property before 1999 or hold UK property in a trust they don’t need to publicly disclose the beneficial owners. The Cyprus-based company, A. Corp Trustee Limited, wasn’t listed on Britain’s new property register as of Tuesday morning. A listing on the UK’s new property register for Hanley Limited identifies the beneficial owner as a Swiss company called Pomerol Capital Sa. Ravellot also wasn’t on the new property register.

☆ German Authorities Search UBS Offices in Russian Oligarch Probe
▼ + stars: | 2022-11-09 | by ( Patricia Kowsmann | Margot Patrick | ) www.wsj.com time to read: 1 min

German authorities searched the offices of UBS AG in Frankfurt and Munich on Tuesday, part of a money-laundering investigation into sanctioned Russian billionaire Alisher Usmanov , according to a person familiar with the case. A UBS spokesman confirmed the visits to its branches and said the bank is cooperating with authorities. A spokesman at the prosecutors’ office in Frankfurt said neither the bank nor its employees are accused in its proceedings, and the searches were meant to obtain evidence.

☆ German officials search bank in Russian oligarch probe
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +1 min

[1/3] German officials have searched a large bank in Munich and Frankfurt, Germany, November 8, 2022, in an investigation into suspected money-laundering by a Russian oligarch, a spokesperson for the prosecutors said on Tuesday. Swiss bank UBS confirmed that its branches were the subject of the searches and that it was cooperating with authorities. REUTERS/Kai PfaffenbachBERLIN, Nov 8 (Reuters) - German officials have searched a large bank in Frankfurt and Munich in an investigation into suspected money-laundering by a Russian oligarch, a spokesperson for the prosecutors said on Tuesday. Swiss bank UBS confirmed that its branches were the subject of the searches and that it was cooperating with authorities. The prosecutors' spokesperson did not name the bank and declined to name the oligarch, adding that individuals of the bank were not under investigation.

☆ German police investigating Russian billionaire Usmanov search yacht
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Russian billionaire Alisher Usmanov walks out of a voting booth at a polling station during the presidential election in Moscow, Russia March 18, 2018. REUTERS/Maxim ShemetovBERLIN, Sept 27 (Reuters) - German police investigating money laundering accusations against Russian billionaire businessman Alisher Usmanov have searched a motor yacht in northern Germany, prosecutors said on Tuesday. Prosecutors did not identify the yacht or its owner but described him as a 69-year-old Russian businessman and said he was the target of the same investigation as last week, when police raided a lakeside villa registered to Usmanov. Usmanov's representatives were not immediately available to comment on Tuesday's yacht raid. The federal criminal police office has said it is worth half a billion euros.

☆ German police storm estate of Russian oligarch Usmanov - media reports
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterRussian President Vladimir Putin (L) shakes hands with Russian businessman and founder of USM Holdings Alisher Usmanov during an awarding ceremony at the Kremlin in Moscow, Russia November 27, 2018. Sputnik/Alexei Nikolsky/Kremlin via REUTERS/File PhotoBERLIN, Sept 21 (Reuters) - German police conducted raids targeting a Russian citizen over suspected sanctions violations on Wednesday morning, with German media reporting that the operation centred on oligarch Alisher Usmanov. The Munich state prosecutor said comprehensive raids had taken place at the residence of a Russian citizen and four other suspects. Register now for FREE unlimited access to Reuters.com RegisterGerman broadcasters BR and MDR reported that one of the locations targeted was Usmanov's villa on Tegernsee lake in the southern state. Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More; Editing by Paul Carrel and Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Republica Moldova produce mai mult oţel decât Israelul şi Azerbaidjanul
▼ + stars: | 2021-06-30 | by ( ) capital.market.md time to read: +5 min

Pe primele cinci locuri cu cea mai mare producţie de oţel din lume se află China – 996,3 mii tone, India – 111,3 mii tone, Japonia – 99,2 mii tone, SUA – 87,7 mii tone şi Federaţia Rusă – 71,8 mii tone. Producţia globală a constituit 1,8 milioane tone de oţel. Uzina a fost construită în 1985 şi până în prezent rămâne a fi una dintre cele mai moderne întreprinderi metalurgice de pe teritoriul fostei URSS. La începutul anului 2015, uzina a revenit „în proprietatea statului”. În anul 2018, uzina a produs aproape 502,9 mii tone de oţel şi 497,9 mii tone de laminate, fiind cu 7,1% şi, respectiv, 10,3% mai mult decât în anul precedent.

Persons: Biden, Potenţialele, Eduard Lupu Organizations: Uzina Locations: China, India, Japonia, SUA, Rusă, Rusia, Tinto, Tiraspol, Chişinău, Moldoveneşti, Transnistria, URSS, Transnistriei, Moldovei, Republicii Moldova, moldoveneşti

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