What does our research say about Alexander Abramov?

Sanctioned Oligarch: Alexander Abramov has been subjected to sanctions by multiple countries, including the UK, Australia, and New Zealand, due to his close ties to the Russian government and his involvement in industries vital to Russia’s economic and political machinery.

Controversial Business Practices: Abramov’s rise in the steel industry involved acquiring distressed factories and consolidating power, raising concerns over anti-competitive practices and monopolistic tendencies

Offshore Financial Activities: His name appears in the Pandora Papers, linked to offshore entities in the British Virgin Islands, suggesting efforts to conceal wealth and avoid scrutiny. ​

Association with Sanctioned Individuals: Abramov has maintained business relationships with other sanctioned Russian oligarchs, including Roman Abramovich, further implicating him in networks under international scrutiny. ​

Legal Challenges and Evasion: He has launched legal actions against sanctions, attempting to challenge restrictions imposed by countries like Australia, indicating a pattern of evasion and resistance to accountability.

Luxury Assets Amid Sanctions: Despite sanctions, Abramov retains ownership of luxury assets, such as the $82 million yacht “Titan,” highlighting a disconnect between imposed restrictions and actual enforcement. ​

Conclusion: Alexander Abramov’s extensive involvement in controversial business practices, offshore financial activities, and associations with other sanctioned individuals paints a picture of an oligarch deeply entrenched in networks that challenge international norms and regulations