Oleg Deripaska | FinTelegram News

Tag: Oleg Deripaska

Sanctions

April 17, 2024

Western Sanctions? Raiffeisen Bank’s Russian Expansion Raises Eyebrows Amid Pledge to Exit!

In a questionable development exposed by the Financial Times, Raiffeisen Bank International (RBI), Austria's prominent lender, has been actively posting job advertisements for positions in Russia, signaling plans for expansion despite its previous commitments to exit the Russian market following the full-scale invasion of Ukraine in February 2022. This move has stirred significant scrutiny and led to an internal probe ordered by CEO Johann Strobl.

April 4, 2024

The Austrian RBI’s Russian Roulette: Navigating Sanctions and Scepticism for Profit

In a bold move, Austria's Raiffeisen Bank International (RBI) finds itself in the eye of a geopolitical storm, entwining profits with politics in a manner that has drawn sharp criticism, especially from the U.S. Austria, with its storied and complex relationship with Russia, has seen its financial institutions, particularly RBI, under the microscope for their Russian connections. In a controversial deal involving Russian billionaire Oleg Deripaska, RBI tries to funnel profits from Russia amidst a thicket of sanctions.

Sanctions

March 23, 2024

US Exerts Pressure on Austria’s Raiffeisen Bank Over Russian Tycoon Deal

The U.S. government is reportedly pressuring Austria's Raiffeisen Bank International (RBI), the largest Western bank operating in Russia, to abort its planned acquisition of a €1.5 billion industrial stake owned by a Russian tycoon, Oleg Deripaska. This U.S. intervention is poised to thwart one of the most significant Western investments in Russia since the onset of the Ukraine conflict. The RBI has a long history of facilitating global money transfers of Russian oligarchs.

Oligarches

September 4, 2023

Interesting 60 Minutes Story: Searching For The Money Of Russian Oligarchs In Cyprus

After the Soviet Union's collapse, Russian oligarchs flocked to Cyprus, not for its picturesque beaches but for its favorable financial environment. Alexandra Attalides, a local expert, suggests that Cyprus provided a sanctuary for oligarchs to safeguard their assets. The island's low tax rates and lax banking regulations made it an attractive destination. An interesting 60 Minutes report explains the background to the Russian invasion of Cyprus.

August 23, 2023

Russia Sues Its Richest Oligarch Andrey Melnichenko Over Allegedly Corrupt Sibeco Deal!

Andrey Melnichenko, who holds the distinction of being the wealthiest individual in Russia, is currently embroiled in a legal suit brought forth by the government. The allegations revolve around claims of "corrupt collusion" in a transaction involving the acquisition of an energy company. Numerous reports highlight this development, which is unfolding against the backdrop of the ongoing conflict with Ukraine, as authorities strive to repatriate Russian wealth.

August 13, 2023

Rich Russians in Cyprus: Little Russia in the Mediterranean!

Cyprus, the small Mediterranean island nation, has seen a significant influx of wealthy Russians over the past few decades. This migration has transformed parts of the island into what can be described as a "Little Russia," with Russian businesses, restaurants, and cultural centers becoming commonplace. But what does this mean for Cyprus, and the broader geopolitical landscape, especially in light of the Western sanctions against Russia due to the Ukraine invasion?

Money Laundering

March 3, 2022

Hunting season! The Western’s hunt for the Oligarchs’ superyachts and ill-gotten gains!

The U.S. and EU apparently want to increase pressure on Putin through the oligarchs. The assets are mainly in bank accounts or real estate abroad. Or in ports. U.S. President Joe Biden fired a warning shot at Russian oligarchs during his State of the Union address on Tuesday evening, saying that the U.S. will seize much of their wealth in the country. "We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets," Biden said in his address. "We are coming for your ill-begotten gains."

TikTok Takedown: America’s Digital Iron Curtain or Silicon Valley’s Secret Weapon?

The recent ruling by the U.S. Court of Appeals for the District of Columbia Circuit has sent shockwaves through the social media industry, upholding a law that could effectively ban TikTok in the U.S. The ruling cited national security concerns. This decision marks a significant escalation in the ongoing tension between the U.S. government and Chinese-owned tech companies.

Truong My Lan: A Tycoon’s Fall from Grace and Vietnam’s $44 Billion Financial Scandal!

The dramatic downfall of Truong My Lan, one of Vietnam’s most prominent property magnates, has sent shockwaves through the country's financial and political systems. The 68-year-old former billionaire is at the center of one of the largest financial frauds in history, a scandal that has not only exposed vulnerabilities in Vietnam’s economy but has also highlighted the intricate relationship between business and politics in the country.

Cash Cow Crypto: U.S. CFTC Enforcement Sets Records in FY 2024 with $17.1 Billion in Monetary Relief!

The U.S. Commodity Futures Trading Commission (CFTC) achieved a landmark year in FY 2024, securing over $17.1 billion in monetary relief, including $2.6 billion in civil penalties and $14.5 billion in restitution. The agency’s groundbreaking actions spanned digital asset (crypto) markets, voluntary carbon credits, and major compliance cases, highlighting its leadership in safeguarding market integrity.

U.S. DOJ’s Whistleblower Pilot Program: 250+ Tips in Just Months!

Whistleblowers are the only effective way to fight financial crime. The U.S. DOJ whistleblower pilot program has already proven effective, generating over 250 tips of potential misconduct since its launch in August, according to Principal Associate Deputy Attorney General Marshall Miller. According to a Reuters report, the initiative targets corporate malfeasance and encourages internal self-disclosure by companies.

Online Gambling: Lokinvestigation in Curaçao, its Maltese Connections, and How to Shut Down!

For many years, the far-far-away Curacao was the regulatory mecca of global online gambling. But that is over. The Lokinvestigation, spearheaded by opposition politician and forensic investigator Dr. Luigi Faneyte, reveals systemic failures and alleged corruption in Curaçao’s online gambling sector. With ties to Maltese investors and global financial networks, the report demands transparency but also carries political implications.