Russian oligarchs

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Russia-Linked Firm Paid $500K to Trump Lawyer

Stormy Daniels' attorney releases financial bombshell

(Newser) - Michael Cohen's legal woes appeared to deepen Tuesday night with a bombshell release from Stormy Daniels' attorney. According to financial records reviewed by the New York Times and NBC News , a company linked to a Russian oligarch targeted by US sanctions deposited around $500,000 into an account controlled... More »

Her Ex Tried to Hide a $500M Superyacht. It Didn't Work

Tatiana Akhmedova will get 380-foot luxury Luna in her divorce settlement with Russian oligarch

(Newser) - Persistence and a little detective work has paid off for Tatiana Akhmedova, in the form of a $500 million superyacht to be handed over to her by her soon-to-be ex-husband. Reuters and the South China Morning Post report that UK judge Charles Haddon-Cave has ordered Russian oligarch Farkhad Akhmedov to... More »

Russian Oligarchs May Be Next in Trump's Sights

Sources say they'll be target of latest round of sanctions

(Newser) - President Trump's latest round of sanctions against Russia is going to hit some billionaires with close ties to Vladimir Putin, officials say. Sources tell Reuters and the Washington Post that the new sanctions, expected to be in place by Friday, will target Russian oligarchs under powers given to Trump... More »

Report: Mueller Indictee May Also Run Russian Mercenaries

The same ones who attacked US troops in Syria earlier this month

(Newser) - Defense Secretary James Mattis earlier this month called "perplexing" the fighting in Syria between US troops and their allies against supposed Russian mercenaries. Now, US intelligence reports may shed some light on the Kremlin's ties to it all, with fingers pointing to a Russian oligarch thought to be... More »

12 Minutes Before Deadline, the 'Putin List' Is Released

Trump administration declined to subject anyone new to sanctions

(Newser) - A long-awaited US list of Russian businessmen and officials who have flourished under Vladimir Putin's presidency appears to be mainly a list of people in Russian government, along with 96 "oligarchs" ranked by Forbes, the AP reports. The list, which features 210 names total and was ordered by... More »

'Most Expensive Divorce in History' Ordered

Russian tycoon has to pay ex-wife $4.5B

(Newser) - Dmitry Rybolovlev, the Russian oligarch so wealthy that his daughter Ekaterina bought New York City's most expensive apartment to use when she visits the city, is about to lose a huge chunk of his riches. After a six-year legal battle, a Swiss court has ordered the billionaire to give... More »

15-Year Search for Secret Putin Fortune Revived

Analysts suspect he has billions stashed away

(Newser) - Is Vladimir Putin secretly the wealthiest leader in history? Fresh sanctions on Russia have revived a worldwide hunt for a suspected hidden Putin fortune that some analysts believe could be worth as much as $70 billion, the New York Times finds. Accusations of shady dealings have followed the Russian leader... More »

FBI Let Blacklisted Russian Tycoon Visit US

Organized crime suspect bypasses visa refusal

(Newser) - A Russian billionaire barred from the US for years because authorities suspected him of involvement in organized crime was allowed into the country twice this year under a secret deal with the FBI. Despite the objections of other government agencies, metals tycoon Oleg Deripaska was allowed to bypass the visa... More »

Want to Own a Newspaper? Got $1.50?

Russian oligarch buying iconic London paper for token sum

(Newser) - A Russian oligarch with a past in the KGB is set to buy one of London's most visible newspapers, at the knockdown price of just a buck and a half. Alexander Lebedev will acquire the Evening Standard for the token price—the cost of two copies—from a media conglomerate... More »

Major Austrian Investor Tied to Madoff Vanishes

Bank Medici founder lost $2.1B, may fear jilted investors

(Newser) - Sonja Kohn, the well-known founder of Austria’s Bank Medici, has disappeared from public view, the New York Times reports, after Medici lost investors $2.1 billion in the Bernie Madoff mess. Kohn was a good friend of Madoff’s, and aggressively pushed his wares. She may be hiding out... More »

Putin Pounces on Private Companies

Kremlin uses financial crisis to further its aims of 'renationalizing'

(Newser) - Vladimir Putin has insisted for years that Russia made a colossal mistake by privatizing the nation's giant reserves of oil, gas, and other natural resources after the fall of the Soviet Union. The president-turned-prime minister has made muscular efforts to renationalize those industries—most notoriously the Yukos oil company, whose... More »

Russia Bails Out Its Richest Man

Metal mogul Deripaska gets $4.5B handout to help pay loans from Western banks

(Newser) - The Russian government has agreed to loan $4.5 billion to metals magnate Oleg Deripaska to help him pay off a loan to a group of Western banks. While the state bank overseeing the bailout would not confirm the news, three newspapers have reported that Deripaska, who is considered Russia's... More »

As Oligarchs Lose Billions, Kremlin Steps In

Russia bails out first businessman, but more trouble looms

(Newser) - The Kremlin is allowing an individual businessman to tap into a $50 billion rescue fund, reports the Wall Street Journal, signaling a shake-up of the relationship between the Russian government and the country's oligarchs. Mikhail Fridman, whose creditors declared him in default on a $2 billion loan from Deutsche Bank,... More »

13 Stories