A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.

Tech Insider : Economy
'Scheherazade', one of the largest superyachts in the world, anchors in Bodrum district of Mugla, Turkey on August 16, 2020.
The Scheherazade superyacht features six floors, two helipads, a swimming pool, a spa complex, and a beauty salon.

Osman Uras/Anadolu Agency via Getty Images

Top banks made $6 billion trading the ruble last year amid Western exodus from Russia, report says

Tech Insider
russia ruble

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The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months. That's an average of $24,000 per employee.

Tech Insider : Economy
A man walks past the logo of Raiffeisen bank seen atop a building behind a huge monument to Vladimir Lenin, the founder of the USSR, in Moscow on April 3, 2023. - Austrian banking group Raiffeisen, one of the last major Western banks in Russia, said on March 30, 2023 it was considering a
The biggest Western bank still operating in Russia gave its employees an extra $220 million over the last 6 months.

Russia's seaborne oil exports hit their lowest level in 7 months

Tech Insider
Oil tanker

Suriyapong Thongsawang

The Kremlin has pumped so much money into the economy that it's creating a boom — but this house of cards could topple anytime soon

Tech Insider : Economy, Politics
Moscow Russia daily life
The Russian economy has been doing far better than expected even amid sweeping sanctions, but most analysts do not expect this to last.

(AP Photo/Alexander Zemlianichenko)

How Russia is evading sanctions to keep $10 billion worth of seized Boeing and Airbus planes flying

Tech Insider
Four Russian airliners in a maintenance hangar.
Russia has gone to great lengths to keep its fleet of seized airplanes flying, including "cannibalizing" planes and buying from the black market.

aviation-images.com/Universal Images Group via Getty Images

A sanctioned Russian billionaire says the UK searched his multimillion-dollar London home illegally using allegations from a 15-year-old report

Tech Insider : Economy, Politics
Russian billionaire Mikhail Fridman
Russian billionaire Mikhail Fridman is challenging the UK police's raids on his home.

Konstantin Zavrazhin/Getty Images

Even a Russian-cofounded bank can't fund new projects in the country — and it shows just how financially isolated the country is

Tech Insider : Economy, Politics
Brazilian President Dilma Rousseff (L) welcomes Russian President Vladimir Putin upon his arrival to the 6th BRICS summit in Fortaleza, Brazil, on July 15, 2014. Leaders of the BRICS (Brazil, Russia, India, China and South Africa) group of emerging powers gathered in Brazil on Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.

Ukraine's NATO membership would be bad for Putin, but great for the Russian economy, professor says

Tech Insider : Economy
Russian President Vladimir Putin.
Russian President Vladimir Putin.

GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

Russia's economy is being propped up by Wagner Group's gold-smuggling operations, UK government report says

Tech Insider : Economy
Russia's President Vladimir Putin and Wagner Group boss Yevgeny Prigozhin.
Russia's President Vladimir Putin and Wagner Group boss Yevgeny Prigozhin.

GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images; Mikhail Svetlov/Getty Images

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