$17bn of worldwide property linked to 35 Russians with alleged ties to Putin

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More than $17bn (£13bn) of worldwide property – together with offshore financial institution accounts, yachts, non-public jets and luxurious properties in London, Tuscany and the French Riviera – have been linked to 35 oligarchs and Russian officers alleged to have shut ties to Vladimir Putin.

Today, the Guardian, working in a partnership with the Organized Crime and Corruption Reporting Project , Süddeutsche Zeitung and different worldwide information organisations, is unveiling the preliminary analysis in an ongoing mission to trace the wealth of Russia’s strongest operators.

Russian asset tracker graphic
Graphic

The Russian asset tracker mission will begin by specializing in an inventory of 35 women and men named final yr as Putin’s alleged enablers by the jailed opposition leader Alexei Navalny. It will file property outdoors Russia the place the reporting companions have seen proof connecting them to those people.

Navalny’s organisation wrote to western governments requesting the names on its checklist be thought-about for sanctions and all however two have since been blacklisted by either the US, EU, UK or Canada.

Russian asset tracker graphic

The names embody 4 of the wealthiest oligarchs, plus heads of state-controlled firms, outstanding broadcasters, spy company chiefs, ministers, political advisers and regional governors. They have been learn out within the US Congress by lawmakers seeking tougher penalties for the Russian elite and within the UK parliament by the Liberal Democrat international affairs spokesperson, Layla Moran.

Moran told the Commons: “Putin’s cronies must be subject to the strongest possible sanctions now, because it is through them that Putin and his inner circle keep their wealth. If we go after his associates, we go after him. Actually, we are rather uniquely placed to do so, because they choose London. They live here: it is ‘Londongrad’ to them.”

Clockwise, from left: The businessmen Roman Abramovich, Alisher Usmanov, Oleg Deripaska and Igor Shuvalov all feature in the Russian Asset Tracker.
Clockwise, from left: The businessmen Roman Abramovich, Alisher Usmanov, Oleg Deripaska and Igor Shuvalov all function within the Russian asset tracker. Photograph: Reuters/PA

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The Russian asset tracker has recognized UK properties or plots of land – collectively value greater than half a billion {dollars} – which are linked by means of firms, trusts or relations to 4 main figures on Navalny’s checklist: Roman Abramovich, Alisher Usmanov, Oleg Deripaska and Igor Shuvalov. The Guardian will report on these findings over the approaching days.

The analysis to date has seen proof, most of it relationship from 2020 to the current, of the names being related to greater than 145 property consisting of 35 mansions, 43 residences and 27 different items of actual property. Seven yachts, plus 11 non-public jets and helicopters, value a mixed $2bn, have been recognized as linked to only six people.

Some of the property within the tracker are within the public area – together with Deripaska’s Belgrave Square mansion in central London, which was taken over by squatters last week, in addition to the Dilbar, Lena and Amore Vero superyachts, linked to the oligarchs Usmanov, Gennady Timchenko and Igor Sechin respectively.

Oleg Deripaska’s £25m London mansion was taken over by protesters recently.
Oleg Deripaska’s £25m London mansion was taken over by protesters final week. Photograph: Graeme Robertson/The Guardian

Other possessions have gone largely unnoticed, or typically existed in nearly whole secrecy. Last month, the US Treasury highlighted the issues of opaque possession by stating: “Sanctioned oligarchs and powerful Russian elites have used family members to move assets and to conceal their immense wealth.”

Outside the UK, the Russian asset tracker has uncovered:

  • Twenty-six property apparently related to Deripaska, who’s said to be Putin’s favourite industrialist. They embody billions of {dollars} in shares, a resort within the Austrian Alps, a superyacht, a 60-metre help vessel with helipad and luxurious properties in London, Paris, Washington DC and New York, and 4 villas in Sardinia.

  • Two non-public jets – a $65m Gulfstream G650 and a Bombardier Global Express – related to Shuvalov, Russia’s former first deputy prime minister and now chairman of the state growth company. Shuvalov can also be linked to 3 luxurious properties collectively value about $35m positioned in Salzkammergut, Austria, Tuscany in Italy, and Dubai, United Arab Emirates.

  • Property holding firms linked to the households of Nikolay Tokarev, the chairman of the state-controlled pipeline firm Transneft, in addition to the presidential press secretary, Dmitry Peskov. The Tokarev firms seem to personal luxurious properties on the Croatian island of Lošinj, a identified hotspot for wealthy Russians, whereas the Peskov agency is related to an costly Paris house.

The Amore Vero superyacht, said to be owned by the Rosneft boss, at La Ciotat port near Marseille.
The Amore Vero superyacht, mentioned to be owned by the Rosneft boss, Igor Sechin, at La Ciotat port close to Marseille. Photograph: Albert Gea/Reuters

Many of the much less well-known property are held through shell firms primarily based in offshore secrecy jurisdictions and belief funds, making them tougher to trace. Others are owned by relations or associates of these on the Navalny checklist, elevating questions concerning the supply of funds used to accumulate these property.

They have been checked utilizing proofs starting from publicly obtainable sources, information from the International Consortium of Investigative Journalists’ offshore leaks databases, the FinCEN files of studies of suspicious banking transactions and human intelligence sources.

The tracker serves as a snapshot in time, and consists of property solely the place reporters have seen documentary proof or different dependable data linking them to the Navalny 35. Some possessions linked extensively to sure oligarchs have but to be confirmed.

Abramovich, Tokarev, Peskov and Shuvalov have but to answer requests for remark.

A spokesperson for Deripaska, mentioned: “It is unclear how publishing this kind of ‘asset inventory’ might serve the public interest. Unless, of course, by ‘public interest’ you mean encouraging squatters to occupy private property, like they did with a London house belonging to Mr Deripaska’s relatives.

“All of the property and assets that he owns were acquired by fair means. The ongoing media frenzy, regrettable as it is, certainly doesn’t give anyone the right to call Mr Deripaska a kleptocrat. The Russia witch-hunt of which Mr Deripaska has become a victim is driven entirely by political motives.”

A spokesperson for Usmanov added: “The entirety of Mr Usmanov’s capital was built through successful, sometimes risky, investments, as well as through the effective management of his assets, which is the essence of business. Therefore, to characterise the source of his money as ‘non-transparent’ is inherently incorrect and damages Mr Usmanov’s reputation as an honest entrepreneur and philanthropist.”


This web page was created programmatically, to learn the article in its authentic location you’ll be able to go to the hyperlink bellow:
https://www.theguardian.com/world/2022/mar/21/global-assets-russians-alleged-ties-putin-wealth-oligarchs-navalny
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