• A German craftsman says sanctions are preventing a Russian oligarch from paying $1 million in wages to local workers renovating his vacation homes: report

    8 days ago - By Business Insider

    Russian billionaire and businessman Alisher Usmanov. Sasha Mordovets/Getty Images
    Sanctions have blocked Alisher Usmanov from paying workers renovating his villas in Germany, NYT reports .
    The Russian oligarch owes local contractors around $1 million, a craftsman told the outlet.
    Usmanov is currently ranked the fifth richest person in Russia, with a net worth of $20 billion.
    Sanctions are preventing Russian oligarch Alisher Usmanov from paying an estimated $1 million in wages to German workers renovating his lakeside vacation homes, a local craftsman named Andreas Kitzerow told The New...
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  • Oligarch Alisher Usmanov likes waiters to open Champagne bottles with swords at a luxury getaway known as his 'special place,' a report says

    9 days ago - By Business Insider

    Usmanov reportedly owns three villas near the Tegernsee lake in Bavaria, Germany. Dmitry Korotayev/Epsilon/Getty Images
    Alisher Usmanov has held lavish parties at his Bavarian villas, locals told the New York Times.
    At these events, the oligarch asked for Champagne bottles to be opened with a sword, per the report.
    He was staying in Bavaria when his name was put on the EU sanctions list, it added.
    Russian oligarch Alisher Usmanov reportedly likes waiters to open Champagne bottles with swords at parties he hosts at one of his favorite luxury spots. The New York Times first reported the...
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