Best of BusinessDesk: NZ-linked Russian 'oligarch' spells out sanctions impacts

New Zealand did not impose financial sanctions on Alexander Abramov but he and his family faced a travel ban. (Image: Supplied)

Oliver Lewis

Thu, 28 Dec 2023

How Alexander Abramov fared in Russia's war against Ukraine was a popular read this year.Lawyers for Russian billionaire Alexander Abramov have outlined the multimillion-dollar cost to his New Zealand business interests due to sanctions placed on him following Russia's invasion of Ukraine. An affidavit entered into Australian court proceedings warned damage to his NZ businesses could be irreparable if the sanctions weren’t lifted, adding: “It is estimated that the actual costs and opportunity costs currently sit at bet...

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