The impact of the sanctions was being widely felt." There is a significant chilling effect on any new business with Russia," said Matt Townsend, a sanctions partner at law firm Allen Overy." People are concerned about credit risk exposure but are also worried about what's coming next.... The Titan, owned by Alexander Abramov, a co-founder of Russian steel producer Evraz, arrived on Monday.... Three more yachts owned by Russian oligarchs were seen cruising in Maldives waters on Wednesday, the d

A$ 700m superyacht being repaired in an Italian dry dock may belong to Vladimir Putin, according to US intelligence officials. The ownership of the 459ft Scheherazade has come under close scrutiny since Russia’s unprovoked assault on Ukraine, and the vessel could be associated with Mr Putin, intelligence officials told The New York Times. American officials told the newspaper that no final conclusions on ownership have been made, but the link backs up a claim made by a former crew member that it

I think it’s demoralizing for the oligarchs, and it’s demoralizing for Vladimir Putin.... Putin confidant Roman Abramovich, who owns the top-flight football club Chelsea, said this week he would put it up for sale.... Still, it will take a long time to unravel, as many assets are in shell companies. ————Trisha Thomas in Rome, Danica Kirka in London, Aritz Parra in Madrid, Frank Jordans in Berlin and Barbara Surk in Nice, France, contributed to this story....

Many have spent lavishly outside Russia, boosting local economies with property purchases and other investments.... Putin. The scrutiny has turned a group of mostly obscure officials and businesspeople into some of the world’s most closely tracked individuals. Some have publicly signaled they are against the war.... That is the case with Roman Abramovich, who made his money in the energy business and is the owner of British soccer club Chelsea FC....

Abramovich, but held off because Ukrainian President Volodymyr Zelensky advised President Biden in a recent phone call to wait on sanctioning the oligarch, who might prove important as a go-between with Russia in helping to negotiate peace.... Abramovich also suffered symptoms from suspected poisoning alongside Ukrainian negotiators, The Wall Street Journal reported this week. French and Italian authorities have already swooped in and seized a number of yachts and villas owned by some other oli