Andrey Kostin, the head of Russia's VTB Bank, along with Vadim Belyaev, a former executive of the now-collapsed Otkritie bank, have been charged by the United States with sanctions evasion and money laundering related to assets worth over $135 million. The charges include concealing ownership of luxury assets, such as two superyachts - one of which is 11ft longer than the other, designated for his wife and mistress, and a home in Aspen, Colorado. Two U.S.-based associates, including Vadim Wolfson, also known as Vadim Belyaev, have been arrested in connection with concealing the Aspen property. This case underscores the U.S.'s commitment to enforcing sanctions against Russian entities and individuals.
VTB Bank CEO Andrey Kostin is charged with money laundering and sanctions violations through two yachts worth $135+ million and a resort home in Aspen, Colorado. Two accomplices arrested in USA for concealing Aspen property ties. https://t.co/pcGULVDLbF
Head of Russia's VTB Bank Charged in U.S. With Sanctions Violations https://t.co/6CkPO5KaGL
JUST IN: Russian national with ties to Vladimir Putin arrested in Austin today | Documents state the man is the founder of a bank that was formerly one of the largest privately-held banks in Russia. Read more: https://t.co/wzArVgagds
Amazing! US charged the CEO of Russian-state owned VTB (FSB) Bank Andrey Kostin and 2 U.S.-based associates with sanctions violations. Also, 2 of Kostin's associates were arrested including, Vadim Wolfson, aka Vadim Belyaev. So long overdue. Keep it coming https://t.co/lneiXIWzaf
VTB's Andrei Kostin and Vadim Belyaev of collapsed bank Otkritie, are charged with alleged sanctions evasion and money laundering by the US. Among other things, Kostin had two superyachts: one for his wife, one for his mistress (the wife's is 11ft longer) https://t.co/EjFxDS2HDQ https://t.co/OnJB6jFIzW
Two people who allegedly helped Andrey Kostin, the sanctioned head of Russia's VTB bank, conceal his ownership of an Aspen, Colorado home have been arrested, @AGoudsward reports https://t.co/wfKQ7txo90.