Tue. Sep 26th, 2023

Andrey Melnichenko.Mikhail Svetlov/Getty Photos

One among Russia’s richest males, Andrey Melnichenko, mentioned the Ukraine battle 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 people mentioned he’d turn into a “pariah” within the United Arab Emirates the place he fled after being sanctioned.

In an intensive interview with the Monetary Occasions, Andrey Melnichenko decried the results of Russia’s invasion of Ukraine on his private life, whereas additionally saying there have been “battle crimes from each side” within the battle.

Melnichenko was sanctioned in March final 12 months after attending a roundtable of Russian enterprise figures hosted by Vladimir Putin in February.

The businessman, who made his cash from coal and fertilizers, beforehand mentioned that he solely discovered he had been sanctioned when he examine it within the information.

“I do not make weapons for the battle. I make meals for individuals and power for energy stations all around the world. I do not promote the battle. I am not concerned in politics. What is the level?” Melnichenko advised the FT.

Melnichenko berthed his $300 million Motor Yacht A within the UAE final 12 months. His $578 million Crusing Yacht A was seized by Italian authorities shortly after he was sanctioned.

His web price greater than doubled to about $25 billion after the invasion and subsequent sanctions on Russia compelled a spike in fertilizer costs, per Forbes.

Sanctions towards Russian oligarchs have modified the lives of a number of influential billionaires who beforehand spent a lot of their time within the West.

Former Chelsea FC proprietor Roman Abramovich, for instance, was compelled to promote the membership and now resides in Israel, per Le Monde.

Oligarchs had a collective $95 billion wiped off their web price final 12 months, in keeping with Guardian evaluation of Bloomberg Billionaires Index information.

Final week, the FT reported that tech billionaire Arkady Volozh had appealed sanctions positioned on him by the EU, simply days after he first criticized the battle.

Oleg Tinkov managed to get sanctions towards him within the UK lifted after slamming Putin’s invasion of Ukraine and getting the backing of British enterprise tycoon Richard Branson.

Learn the unique article on Enterprise Insider

Avatar photo

By Admin

Leave a Reply