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How the West is grounding the jets of Russian Oligarchs

Published

3 years ago

on

It’s no secret that Russia has seen a series of ever strengthening sanctions in recent weeks, but now Western leaders are turning their attention to multi-million-dollar Russian-owned jets

Western countries desperate to stunt the growth of Putins war effort are targeting his high value friends.  

Those with affiliations or wealth accumulated in relation to the Russian leadership are being affected by these sanctions in more ways than one.

The West is targeting the assets of those closest to Putin

A total of 18 Russian aircraft have been deregistered

Among those aircraft include iconic Boeing 767’s to Bombardier High-Speed Corporate jets.

Even helicopters are being targeted.

Boeing planes owned by Russian oligarchs among those targeted.

How are the aircraft seized by the West?

The western efforts of de-registration make it not only difficult for owners of the aircraft to make use of airspace, but also to maintain and upkeep these incredible machines.

Violations of that de-registration extend to those providing any form of service to sanctioned aircraft.  

The British government has also reportedly detained two jets owned by sanctioned Russian-born billionaire Eugene Shvidler a detainment that is apparently “indefinite”

It is common for high-net-worth individuals to own aircraft via offshore holding companies mudding their ownership and making it harder to identify the true user of the aircraft and their international movements.

A popular jurisdiction to host aircraft is the “Isle of Man” – an area which has allowed billionaires to save big on sales taxes whilst flying, buying, or selling planes, choppers and jets.

However, authorities are putting those perks on ice. As more of these planes become “stateless” meaning they are impossible to insure as the US and EU maintains its efforts to dissuade Russia from the conflict.

Adding to the headaches of oligarchs is the fact that leading manufacturers including Boeing, Airbus and Bombardier have also announced that they will suspend business with Russian companies and individuals, meaning simple repairs or replacing parts and crew becomes almost an illegal practice.

A long list of oligarchs and their Airships remain grounded across the globe as this war drags on.

All whilst Russia makes plans to reengage Ukrainian forces after initial attacks proved more difficult than predicted.

What is becoming clear is that those who have benefited from Putin’s regime will no longer be able to go about their business and continue to profit due to this unprovoked war in Ukraine.

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Mike Loder is the host of TICKER NEWS INSIGHT.

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Money

Bitcoin hits record high, driven by optimism and regulations

Bitcoin surges to record $110,524 amid renewed optimism and regulatory clarity, with predictions of reaching $160,000 by 2025.

Published

2 days ago

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May 22, 2025

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Bitcoin surges to record $110,524 amid renewed optimism and regulatory clarity, with predictions of reaching $160,000 by 2025.

In Short:
Bitcoin hit a record high of $110,524, driven by optimism around US cryptocurrency legislation and growing institutional interest. However, experts warn it remains a speculative asset with inherent risks for investors.

Bitcoin has made headlines, hitting a record high of $110,524, surprising many who had written it off after a difficult few months.

Optimism surrounding Bitcoin initially surged following Donald Trump’s election campaign, where he pledged support for cryptocurrencies. However, this optimism faded as Bitcoin’s value plummeted.

The latest surge is attributed to new optimism surrounding cryptocurrency legislation in the United States. Experts view this as a significant milestone, predicting Bitcoin could reach $160,000 by Q4 2025 and potentially $1 million by 2030.

Edward Carroll from MHC Digital Group suggests Bitcoin is becoming less correlated with risk assets, acting more as an independent and reliable investment. Growth in demand alongside a fixed supply is expected to drive prices higher.

Caroline Bowler, CEO of BTC Markets, notes that the recent rise indicates a mature interest in digital assets, supported by institutional investment and clearer regulations. The market cap for Bitcoin has reached $2.17 trillion, with increasing interest from Australian investors seeking compliant ways to engage with cryptocurrencies.

Despite this positive momentum, experts caution that Bitcoin remains a speculative asset, carrying risks for investors.

The cryptocurrency’s rise also reflects a more favourable macroeconomic landscape, partly due to easing US-China trade tensions. As Bitcoin surges, it’s important for potential investors to proceed carefully.

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Money

Governments struggle to tax effectively without harming citizens

Governments’ excessive taxation on citizens risks wealth creation, necessitating strategic wealth management to avoid economic collapse.

Published

3 days ago

on

May 22, 2025

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Governments’ excessive taxation on citizens risks wealth creation, necessitating strategic wealth management to avoid economic collapse.

 

In Short:
Dr. Steve Enticott discusses the challenges of government debt and the need for careful tax structuring to protect citizens’ wealth. He emphasises that excessive taxation can harm wealth creation, urging a proactive approach to financial management for sustainable economic growth.

Dr. Steve Enticott explores the issue of government debt and taxation.

He highlights the struggles faced by heavily indebted governments worldwide as they seek to fund ongoing projects.

Taxation is their primary method for extracting financial resources from citizens and businesses.

Enticott points out the importance of effective tax structuring, the strategic deployment of wealth, and risk diversification.

These approaches are vital for protecting individual wealth amidst growing government demands.

The phrase “you can’t get blood from a stone” illustrates the futility of overtaxing already burdened citizens.

Excessive taxation can backfire, leading to reduced incentives for wealth creation, which in turn harms tax revenues.

Governments must be cautious when implementing tax policies as they risk damaging the very sources of income they rely on.

Instead of merely focusing on extracting funds, there should be an emphasis on fostering an environment where wealth can thrive.

Enticott advocates for a proactive approach to financial management, urging individuals to recognise the situation and adapt.

By finding ways to work within the current system, citizens can protect their wealth while still contributing to society.

Money Matters underscores the need for positive action in the face of challenging economic realities.

Government approaches to taxation and debt management require careful consideration to ensure long-term sustainability and growth.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

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Money

Experts warn new Australian tax laws could lead to ‘great theft’

Experts Warn New Australian Tax Laws Could Lead to ‘Great Theft’ and Alter Superannuation Perceptions Amid Unrealised Gains Taxation.

Published

3 days ago

on

May 22, 2025

By

Dr. Steve Enticott critiques Australia’s new tax laws

 

In Short:
Dr. Steve Enticott is concerned about new Australian tax laws taxing unrealised gains, calling it the ‘great theft’ as taxpayers will pay tax on assumed profits without actual transactions. He warns that these changes could significantly impact superannuation and retirement savings for many Australians, urging individuals to stay informed and prepared.

Dr. Steve Enticott has raised concerns regarding recent changes in Australian tax laws.

He refers to these changes as the ‘great theft.’

The new tax structures involve taxing unrealised gains on assets.

This means individuals pay tax on assumed profits without actual transactions taking place.

If an asset’s value doesn’t increase, taxpayers will not receive any refunds for the tax paid.

Dr. Enticott warns this could have a significant impact on a broader segment of the population over time.

He predicts that the perception of superannuation in Australia may shift as these laws take effect.

The discussion highlights the potential long-term consequences of these tax changes.

There is a growing need for individuals to stay informed about evolving tax laws.

Understanding these changes is crucial for managing superannuation effectively.

The implications of taxing unrealised gains could affect retirement savings for many Australians.

Dr. Enticott’s insights urge citizens to carefully consider how tax policies may influence their financial futures.

Awareness and preparedness are essential in navigating these new tax regulations.

As the situation develops, it is important for individuals to seek information and advice.

The evolving landscape of tax laws may reshape financial planning for years to come.

Dr Steven Enticott is a finance professional, speaker, regular columnist, and author of The Man With A Plan.

For more information www.ciatax.com.au

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