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Fleeing sanctions, oligarchs seek safe ports for superyachts

Fleeing sanctions, oligarchs seek safe ports for superyachts

by AIP Online Bureau | Mar 6, 2022 | Eco/Invest/Demography, Facts, International News, Wealth Management/ Philanthropy

Working with the U.K.-based yacht valuation firm VesselsValue, the AP compiled a list of 56 superyachts — generally defined as luxury vessels exceeding 24 meters (79 feet) in length — believed to be owned by a few dozen Kremlin-aligned oligarchs, seaborne assets with...

FACTBOX-Harsh words, tough action: how companies have rebuffed Russia

by AIP Online Bureau | Mar 6, 2022 | Eco/Invest/Demography, International News, Policy

Russia has banned Western airlines from Russian space. Ford has discontinued operations, but its joint venture partner still has a factory in the country. Many other automakers, including France’s Renault and Japan’s Toyota Motor Corp, have described...
Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB

Awaiting govt, RBI guidelines on SWIFT transactions with Russian entities: PNB

by AIP Online Bureau | Mar 6, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

SBI is learnt to have issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanctions on it as well. Russia is one of the biggest suppliers of defence products and equipment to India mostly under...

Russia-Ukraine turmoil triggers market stress alarms

by AIP Online Bureau | Mar 5, 2022 | Eco/Invest/Demography, International News, Risk Management

“The market’s liquidity conditions have weakened this week, and were exacerbated overnight after reports of shelling to Europe’s largest nuclear plant in Ukraine,” said ING currency strategist Francesco Pesole LONDON/NEW YORK: Financial...

Russia’s invasion of Ukraine leaves global trade in tatters

by AIP Online Bureau | Mar 5, 2022 | International News, Non-Life, Reinsurance

Since Russia’s invasion of Ukraine, hundreds of tankers and bulk carriers have been diverted away from the Black Sea, while dozens more have been stranded at ports and at sea unable to unload their valuable cargoes Only a small handful of Russia’s 2,000...
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