Tag: Suleiman Kerimov

The saga of Wildberries, Russia's leading online marketplace, took a dramatic turn when a proposed merger with the Russ Group sparked a violent power struggle. The conflict pitted co-founders and former spouses Vladislav and Tatyana Bakalchuk against each other, with powerful backers on both sides. Chechen leader Ramzan Kadyrov supports Vladislav, and Dagestan billionaire Suleiman Kerimov backs Tatyana.

The Russian invasion of Ukraine is likely to continue if Donald Trump is re-inaugurated as president. And so will the sanctions against the Russian oligarchs. A recent report in the Swiss NZZ highlights a glaring contradiction in the US approach to tracking down Russian oligarch assets. While US politicians have criticized Switzerland for its alleged laxity in enforcing sanctions against Russia, they appear to overlook similar practices within their own borders.

A legal battle has ignited in the U.S. over the ownership of the "Amadea," a luxurious superyacht ensnared in the web of international sanctions against Russian oligarchs. With monthly maintenance costs soaring to $600,000, U.S. authorities are eager to sell the vessel, but its rightful owner remains contentious. The U.S. government seized the $300 million superyacht in Fiji in April 2022 amid allegations that it belonged to Russian billionaire Suleyman Kerimov.