Russia
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Prime London plot seized in £50bn Yukos battle
The seizure of the Kensington plot from the Russian state is a “landmark moment”
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Russian oligarchs look east for property profits
“Putin’s architect” says oligarchs are investing in Dubai, the Maldives and Thailand
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Use €300bn of confiscated Russian assets to rebuild Ukraine, says Europe
The European Council president wants to actively manage the frozen assets to generate profits
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Russian sanctions risk continues for sector
Simon Hartley highlights significant recent developments for property professionals
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UK freezes £18bn of Russian assets – not including property
The figure would be far higher if the 106 properties had been included
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Let us work for Russian clients, say UK advisers
Advisers say the proposed ban will make it illegal for them to meet legal obligations
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Professional services firms banned from helping Russians
The rules will cover PRs, management consultants, accountants – but not lawyers
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Sanctions hit 14 Cornhill landlord
The Libyan owner of the City block is not able to take rent from Russia’s second-largest lender
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Raven’s flight from Russia
At the beginning of the year, Raven’s NAV was £437m and rising. Then Putin invaded Ukraine…
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Funds could store Russian assets in ‘side pockets’
FCA in talks with asset managers over “exceptional” measures to help frozen funds
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UK to add 370 Russians to sanctions list
The 50 oligarchs and their families are worth more than £100bn
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Ukraine conflict yet to make its ‘full mark’ on real estate
PwC and ULI warn over growing risks to dealmaking in 2022