Russian Bankers Charged with Yacht & Property Violations

Posted 2/23/24

The Justice Department unsealed of an Indictment charging sanctioned Russian oligarch and the President and Chairman of a Russian state-owned VTB bank, Andrey Kostin, with participating in two separate schemes that violated U.S. sanctions.

The first scheme was to operate, maintain, and improve  two superyachts, collectively worth over $135 million, while the second scheme was related to the operation and transfer of Mr. Kostin's home in Aspen, Colorado.

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