~businessinsider | Bookmarks (10)

Russian oligarchs' superyachts seized as part of sanctions resulting from Russia's Ukraine invasion remain in limbo. It's unclear if they can be sold.

Russia is expanding its economic and trade ties with Cuba as more than 100 companies start operations in sectors such as heavy industry, energy, and agriculture.

US officials say the $300-million Amadea is owned by Suleiman Kerimov, a sanctioned Russian billionaire. Dry-docking fees alone cost $178,000 a month.

Russia — an energy giant — has managed to circumvent Western sanctions, most recently by activating a price-floor mechanism.

Chinese banks are tightening compliance checks with Russian businesses as they fear getting caught up in secondary sanctions.

Leaders of the Group of Seven are set to discuss how to legally seize $300 billion in Russian central-bank assets to fund reconstruction in Ukraine.

The West froze $300 billion in Russian central bank assets following its invasion of Ukraine. G7 leaders are set to discuss how to seize them legally.