Ukraine’s president Volodymyr Zelenskyy said on Monday that Kyiv had transferred five strategic enterprises to state control from previous oligarch ownership as part of the country’s wartime effort. The Ukrainian government seized ownership of top national oil producer Ukrnafta and Ukrntatnafta, the country’s largest refinery that halted operations after being hit by Russian missile strikes … Read more
The US has warned that Hong Kong risked becoming a haven for Russian oligarchs after the Chinese territory said it would not enforce western sanctions on a superyacht owned by billionaire Alexei Mordashov that has docked in the city’s waters. The US state department also said Hong Kong’s business outlook could be further clouded by … Read more
The Axioma was impounded by the Gibraltar authorities in March after JPMorgan said its alleged owner Dmitry Pumpyansky had reneged on the terms of a $20 million loan. The 72.5-meter vessel was auctioned by the Gibraltar Admiralty Court through a system of closed bids to be sent electronically by midday on Tuesday, a court spokesman … Read more
The first superyacht seized from a sanctioned Russian oligarch following Russia’s invasion of Ukraine has been sold after attracting 63 bids at an auction in Gibraltar, the auctioneers said. Axioma, a luxury 236-foot vessel belonging to Russian billionaire Dmitry Pumpyansky, was sold by order of Gibraltar’s Admiralty Court to repay JPMorgan for a €20.5mn loan … Read more
Wealthy tycoons are funding nationalist militants, lawmaker Martin Graf has claimed An Austrian MP has called for the EU to impose sanctions on Ukrainian oligarchs, who he claims are the real culprits behind the military conflict between Kiev and Moscow. Martin Graf described the bloc’s current policy on Ukraine deeply flawed. “I demand that the … Read more
Monaco told the Aspen Security Forum that the jeweled egg, which, if authentic, would make it one of the few remaining in the world and worth millions of dollars, was one of the more “interesting” discoveries federal law enforcement officials have made aboard the seized yachts. The eggs, now priceless collectibles, were created by the … Read more