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(Bloomberg) -- The $100 million megayacht Titan tied to steel billionaire Alexander Abramov is racing near top speed to reach the Suez Canal, likely bound for the safe waters of Turkey favored by other sanctioned Russian moguls.
The $100 million yacht Titan owned by Russian oligarch Alexander Abramov’s is likely heading for Turkey, where other Russian billionaires have moored their
Turkey has not joined Western governments in imposing sanctions on Russia.
Investegate announcements from Evraz Plc, EVRAZ PUBLISHES ITS SUSTAINABILITY REPORT FOR 2021
Problem. it's russian. >> we have that stigma of being a russian-owned company. >> reporter: two-thirds of all shares of this mill's parent company are owned by kremlin-connected russians, and its biggest shoulder is the oligarch, roman abramovich, who is closely aligned with vladimir putin and has been sanctioned by the uk, eu, and canada. the british claim abramovich is or has been involved in destabilizing ukraine via evraz plc, including potentially supplying steel to the russian military, which may have been used in the production of tanks. the company denies it. but when russia invaded u...