A rich Russian exile is suing a sanctioned ally of Vladimir Putin in battle over a multi-billion pound chemical enterprise. Alexander Gorbachev has taken Andrey Guryev to courtroom on London over claims he’s owed shares within the fertiliser agency PhosAgro. Gorbachev, who just isn’t associated to former chief of the Soviet Union who shares the … Read more
Fridman and Aven, who’re each main shareholders of Alfa Group, one among Russia’s largest privately owned funding teams, have been beneath EU sanctions since late February 2022, shortly after Russia launched its full-scale invasion of Ukraine. The EU known as Fridman “a high Russian financier and enabler of Putin’s inside circle” when it positioned him … Read more
Politicians, oligarchs and companies have backed volunteer paramilitary teams The fearsome Española battalion claims to have operated in Donetsk already Putin’s childhood associates are constructing their very own non-public armies of soccer hooligans within the vein of Yevgeny Prigozhin’s Wagner Group to help Putin’s battle effort, an area investigative web site reported. Arkady and Boris Rotenberg, … Read more
TALLINN, Estonia — When Vladimir Putin got here to energy in 2000, the surface world seen these Russians often called “oligarchs” as males who whose huge wealth, ruthlessly amassed, made them virtually shadow rulers. A “authorities of the few,” within the phrase’s etymology. The time period has continued effectively into Putin’s rule, broadening in in … Read more
Mikhail Fridman and Petr Aven epitomized the Russian oligarchs who used their fortunes to combine into the worldwide financial system and shake off affiliation with Russian President Vladimir Putin’s regime. Now the wheel of fortune is popping full circle. Fridman has fled to Moscow from London through Israel, bitterly sad with life as a sanctioned … Read more
Obtain free Russian enterprise & finance updates We’ll ship you a myFT Every day Digest electronic mail rounding up the most recent Russian enterprise & finance information each morning. The author is a non-resident scholar at Carnegie Russia Eurasia Heart, a visiting fellow on the German Council on Overseas Relations and a analysis fellow on … Read more
Russian president Vladimir Putin, and Andrei Melnichenko, Roman Abramovich, Vladimir Potanin. Getty Photographs; Cem Ozdel/Anadolu Company by way of Getty Photographs; Mikhail Svetlov/Getty Photographs Russia’s oligarchs are even much less prone to activate Vladimir Putin 18 months after the invasion. Their political affect has waned because it began, and their wealth now relies upon extra … Read more
Andrey Melnichenko.Mikhail Svetlov/Getty Photos One among Russia’s richest males, Andrey Melnichenko, mentioned the Ukraine warfare had made him a “pariah.” Melnichenko now lives within the UAE, the place his $300 million Motor Yacht A is moored. His $578 million Crusing Yacht A was seized by Italian authorities shortly after he was sanctioned. One among Russia’s richest … Read more
Andrey Melnichenko.Mikhail Svetlov/Getty Photographs One among Russia’s richest males, Andrey Melnichenko, stated the Ukraine struggle had made him a “pariah.” Melnichenko now lives within the UAE, the place his $300 million Motor Yacht A is moored. His $578 million Crusing Yacht A was seized by Italian authorities shortly after he was sanctioned. One among Russia’s richest … Read more
