Russia Seizes Oligarch’s Hotel Complex

“A Russian court has ordered the seizure of a luxury hotel complex owned by billionaire Oleg Deripaska, one of the few oligarchs to have criticised President Vladimir Putin’s war in Ukraine, in a sign of the pressure facing the country’s tycoons since the invasion,” the Financial Times reports.

“Deripaska has been under US sanctions since 2018 over his links to the Kremlin. But the metals tycoon is the most prominent of the small number of Russian business leaders who have spoken out since Moscow’s full-scale invasion of Ukraine in February.”