Thread: How dangerous is Vladimir Putin?

Maybe they’ll Airbnb the rooms to continue the upkeep

Germany seizes Russian billionaire Alisher Usmanov’s $600m superyacht

German authorities have reportedly seized the $600m superyacht belonging to Russian billionaire Alisher Usmanov in a Hamburg shipyard.

Usmanov was on a list of billionaires to face sanctions from the European Union in response to Russia’s 24 February invasion of Ukraine.

A Forbes report based on three sources in the yacht industry said his 156-metre (512-foot) yacht Dilbar, valued at $600m and regarded as the largest motor yacht in the world by gross tonnage, was seized by German authorities on Wednesday.

Extra…………

Russian Stock Market to Stay Closed for a Fourth Day

Russia’s stock market will be largely closed for the fourth day in a row, the country’s central bank said, amid continuing financial turbulence sparked by the invasion of Ukraine.

With limited exceptions, neither stock nor derivatives trading will resume Thursday on the Moscow Exchange, the Bank of Russia said in a statement late Wednesday local time.

The extended market closure is one of a range of moves taken by the central bank, which has also more than doubled its benchmark interest rate, introduced capital controls and blocked coupon payments to foreign bondholders.

Influential index providers MSCI Inc. and FTSE Russell will both cut Russian equities from their benchmarks next week and S&P Dow Jones Indices is considering whether to do the same. MSCI said it had heard from investors and other market participants that “the Russian equity market is currently uninvestable.”