S-RM tackles Russian crypto crime
S-RM pulled out of the Russian market in the wake of Russia's invasion of Ukraine, due to concerns about compliance, but its cyber branch is expecting an uptick in Russian ransomware cases.
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Two Russian banks have secured an application in a New York court to obtain discovery for use in foreign proceedings from three US-based finance groups, in the latest step of their campaign to track down assets held by their exiled former shareholders.
Western sanctions and their consequences have forced the Russian oligarch of Uzbek origin Alisher Usmanov to cease working with most of his London consultants. Yet one of them, Alexei Seleznev, is still taking care of his affairs locally.
Russian oligarchs and politicians hit by Western sanctions are seizing the new opportunities that have begun to surface from the reshaping of the balance of power within the country's intelligentsia, and there is one clan rising above the rest.
Investigations firm Schillings, which specialises in reputation repair for oligarchs, appears to be going against the grain. While most of Londongrad's private investigators are fretting over losing business, the firm, which employs both lawyers and investigators, is betting on the future by expanding and recruiting more staff.
Political interpersonal skills, cultural experiences, economic arguments and financial ambitions: of all the Russian oligarchs who once settled in France, Oleg Deripaska was the one who had the sharpest strategy of establishing themselves in Paris.
The Ukraine conflict has forced France, like Germany, to rethink its 2023 defence budget in order to funnel more funds into special operations and intelligence equipment. Each agency and branch of the army is compiling its list of urgent requests.
Gennady Timchenko, the sole oligarch involved in strategic projects for Paris, was prepared for the imposition of Western sanctions thanks to the Franco-Russian business network he has built up over the years. He and his wife now rely on trusted managers for their real estate and hotels.
Londongrad has gone into a frenzy since the start of the Western riposte to Russia's invasion of Ukraine on 24 February. The entire ecosystem which has grown up around the oligarchs is working to help them escape sanctions and limit the reputational and financial damage they are expected to cause.