Russian Oligarch & majority owner of Russian steel maker & miner Metaloinvest Mr Alisher Usmanov has appealed the European Union’s decision to impose strict sanctions on him in response to Russia’s invasion of Ukraine by filing a case against European Council vide Case T-237/22 on 29 April 2022 in Luxembourg-based European Court of Justice.EU had imposed restrictive measures on 28 February against a number of Russian state and public figures and entrepreneurs as a consequence of Russia's actions in Ukraine. These included Metalloinvest founder Mr Alisher Usmanov. Metalloinvest had said “The restrictive measures imposed against Usmanov are of a personal character and will not affect Metalloinvest. Mr Usmanov owns less than 50% of USM Group, which holds 100% of Metalloinvest, and does not control the group's enterprises. USM is a diversified Russian holding company with significant interests across the metals and mining, telecoms, technology and internet sectors. The EU sanctions listed against Usmanov do not extend to USM companies, including Metalloinvest.”However, world’s largest yacht was confiscated by German Federal Criminal Police Office in mid April. Ms Gulbakhor Ismailova, sister of Mr Alisher Usmanov, was identified as the mega boat’s owner. The luxurious boat, known as Dilbar, was officially captured after police verified with officials in Brussels that the owner had been sanctioned. The superyacht, which weighs 15,917 tonnes and is described by its maker as one of the most complex and challenging yachts ever built, is docked in Hamburg in Germany. The Dilbar, which was christened after Mr Usmanov’s mother and is registered in the Cayman Islands, is valued at USD 600-735 million. The boat has two helipads and one of the world’s largest indoor pools ever installed on a yacht. The ship’s annual operating costs are anticipated to be USD 60 million. Not taking any chances after Dilbar was seized, Mr Usmanov rushed his smaller superyacht Alaiya to the Maldives to avoid capture. The vessel has currently docked in Male in Maldives. The 365-foot Alaiya was formerly known as Lady Gulya and can house 18 guests in 9 staterooms. Lürssen-built Alaiya was delivered in 2019, with her interior and exterior done by London-based Winch Design.Russia is famous for its oligarchs, who emerged in the wake of the dissolution of the USSR, which saw accumulation of fabulous wealth in the hands of a few. Many of these individuals went on to become some of the richest and most influential individuals in Russia, often having significant political power as well. The Russian steel sector is dominated by themMr Vladimir Lisin (NLMK) – 17.4 million tonnesMr Roman Abramovich (EVRAZ) - 13.6 million tonnesMr Alisher Usmanov (Metalloinvest) – 4.8 million tonnesMr Viktor Rashnikov (MMK) - 11.6 million tonnesMr Alexey Mordashov (Severstal) - 11.3 million tonnesMr Igor Zyuzin (Mechel) – 3.5 million tonnesMr Alisher Usmanov - With a net worth of USD 15 billion, Mr Usmanov is the fifth-richest individual in Russia. Mr Usmanov holds a 49% stake in USM Holding, a Russian investment company. Through USM Holding, he controls Metalloinvest, Russia’s largest iron ore producer and MegaFon, the second-largest mobile phone operator and the third-largest telecom operator in Russia. Mr Usmanov also controls Kommersant, a leading Russian daily, and also holds stakes in JD.Com and Uber Technologies. Other than his sprawling superyachts and massive airbus, Usmanov owns a 32,500-square foot house in London, worth an estimated USD 63 million, and a 16th-century manor house.
Russian Oligarch & majority owner of Russian steel maker & miner Metaloinvest Mr Alisher Usmanov has appealed the European Union’s decision to impose strict sanctions on him in response to Russia’s invasion of Ukraine by filing a case against European Council vide Case T-237/22 on 29 April 2022 in Luxembourg-based European Court of Justice.EU had imposed restrictive measures on 28 February against a number of Russian state and public figures and entrepreneurs as a consequence of Russia's actions in Ukraine. These included Metalloinvest founder Mr Alisher Usmanov. Metalloinvest had said “The restrictive measures imposed against Usmanov are of a personal character and will not affect Metalloinvest. Mr Usmanov owns less than 50% of USM Group, which holds 100% of Metalloinvest, and does not control the group's enterprises. USM is a diversified Russian holding company with significant interests across the metals and mining, telecoms, technology and internet sectors. The EU sanctions listed against Usmanov do not extend to USM companies, including Metalloinvest.”However, world’s largest yacht was confiscated by German Federal Criminal Police Office in mid April. Ms Gulbakhor Ismailova, sister of Mr Alisher Usmanov, was identified as the mega boat’s owner. The luxurious boat, known as Dilbar, was officially captured after police verified with officials in Brussels that the owner had been sanctioned. The superyacht, which weighs 15,917 tonnes and is described by its maker as one of the most complex and challenging yachts ever built, is docked in Hamburg in Germany. The Dilbar, which was christened after Mr Usmanov’s mother and is registered in the Cayman Islands, is valued at USD 600-735 million. The boat has two helipads and one of the world’s largest indoor pools ever installed on a yacht. The ship’s annual operating costs are anticipated to be USD 60 million. Not taking any chances after Dilbar was seized, Mr Usmanov rushed his smaller superyacht Alaiya to the Maldives to avoid capture. The vessel has currently docked in Male in Maldives. The 365-foot Alaiya was formerly known as Lady Gulya and can house 18 guests in 9 staterooms. Lürssen-built Alaiya was delivered in 2019, with her interior and exterior done by London-based Winch Design.Russia is famous for its oligarchs, who emerged in the wake of the dissolution of the USSR, which saw accumulation of fabulous wealth in the hands of a few. Many of these individuals went on to become some of the richest and most influential individuals in Russia, often having significant political power as well. The Russian steel sector is dominated by themMr Vladimir Lisin (NLMK) – 17.4 million tonnesMr Roman Abramovich (EVRAZ) - 13.6 million tonnesMr Alisher Usmanov (Metalloinvest) – 4.8 million tonnesMr Viktor Rashnikov (MMK) - 11.6 million tonnesMr Alexey Mordashov (Severstal) - 11.3 million tonnesMr Igor Zyuzin (Mechel) – 3.5 million tonnesMr Alisher Usmanov - With a net worth of USD 15 billion, Mr Usmanov is the fifth-richest individual in Russia. Mr Usmanov holds a 49% stake in USM Holding, a Russian investment company. Through USM Holding, he controls Metalloinvest, Russia’s largest iron ore producer and MegaFon, the second-largest mobile phone operator and the third-largest telecom operator in Russia. Mr Usmanov also controls Kommersant, a leading Russian daily, and also holds stakes in JD.Com and Uber Technologies. Other than his sprawling superyachts and massive airbus, Usmanov owns a 32,500-square foot house in London, worth an estimated USD 63 million, and a 16th-century manor house.
