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The Latest Breaking News from SUEK

While commercial ships and oil tankers struggled to get by, this Soviet-born billionaire’s $300 million superyacht left Dubai and cruised through the Strait of Hormuz on a 2,000-mile journey to the Maldives

Motor Yacht A, under the ownership of billionaire Andrey Melnichenko, recently traversed the Strait of Hormuz amidst increased military tensions that have prompted commercial vessels to postpone their voyages. Following the imposition of Western sanctions after Russia's invasion of Ukraine, Melnichenko relocated his assets to the Gulf, particularly after his…

The Times of India

India snaps up cheap Russian oil and coal

India snaps up cheap Russian oil and coal

NEW DELHI: India’s purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.

Exclusive: India's Russian coal buying spikes as traders offer steep discounts

Exclusive: India's Russian coal buying spikes as traders offer steep discounts

India's purchases of Russian coal have spiked in recent weeks despite global sanctions on Moscow, as traders offer discounts of up to 30%, according to two trade sources and data reviewed by Reuters.

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Wife of Russian billionaire Melnichenko contests EU sanctions

A European Union decision to extend sanctions against Russian billionaire Andrey Melnichenko to his wife is "irrational" because she has never held Russian citizenship or resided in Russia, a representative for the couple said on Saturday.

EU blacklists wife of Russian billionaire Melnichenko to curb bypassing sanctions

The European Union on Friday blacklisted Aleksandra Melnichenko, the wife of Andrey Melnichenko, a previously sanctioned Russian billionaire who Reuters revealed had reassigned his companies to her in a bid to contain the business damage.

How a Russian billionaire shielded assets from European sanctions

(This May 27 story corrects paragraph 30 to say that EuroChem produces roughly 5%, not roughly 10%, of world fertilizer output)

Maldives shelters sanctioned Russian billionaires' yachts

A day after coal and fertilizer billionaire Andrey Melnichenko was placed on the European Union's sanctions list on March 9, his superyacht Motor Yacht A stopped broadcasting its location while in Maldives' waters, maritime data shows.

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