{"id":464959,"date":"2022-06-18T20:06:15","date_gmt":"2022-06-18T17:06:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/russian-oligarch-throws-nyc-developments-into-disarray-suit\/"},"modified":"2022-06-18T20:06:15","modified_gmt":"2022-06-18T17:06:15","slug":"russian-oligarch-throws-nyc-developments-into-disarray-suit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/russian-oligarch-throws-nyc-developments-into-disarray-suit\/","title":{"rendered":"#Russian oligarch throws NYC developments into disarray: suit"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d879f8b60e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d879f8b60e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/russian-oligarch-throws-nyc-developments-into-disarray-suit\/#%E2%80%9CRussian_oligarch_throws_NYC_developments_into_disarray_suit%E2%80%9D\" >&#8220;Russian oligarch throws NYC developments into disarray: suit&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CRussian_oligarch_throws_NYC_developments_into_disarray_suit%E2%80%9D\"><\/span>&#8220;Russian oligarch throws NYC developments into disarray: suit&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p>A sanctioned Russian oligarch is trying to \u201cblow up\u201d three Manhattan development projects he\u2019d invested in via shell companies, according to a lawsuit.   <\/p>\n<p>Nine days before Russia invaded Ukraine, Mikhail Vasilyevich Klyukin \u2014 a board member for Sovcombank, Russia\u2019s ninth largest bank \u2014 sent letters to the financial institutions, lenders and attorneys supporting the three projects, claiming developer Gary Vinbaytel should be removed,  without saying why, Manhattan Supreme Court papers show. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-nypost-small-post\"><img loading=\"lazy\" decoding=\"async\" width=\"231\" height=\"282\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/klyukin-mikhail-vasilyevich-2.jpg?w=231\" alt=\"Mikhail Vasilyevich Klyukin is a board member for Russia's ninth-largest bank.\" class=\"wp-image-22717624\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/klyukin-mikhail-vasilyevich-2.jpg?quality=75&amp;strip=all&amp;w=462 462w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/klyukin-mikhail-vasilyevich-2.jpg?quality=75&amp;strip=all&amp;w=347 346w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/klyukin-mikhail-vasilyevich-2.jpg?quality=75&amp;strip=all&amp;w=231 231w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/klyukin-mikhail-vasilyevich-2.jpg?quality=75&amp;strip=all&amp;w=116 115w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/klyukin-mikhail-vasilyevich-2.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 231px) 100vw, 231px\"\/><figcaption>Mikhail Vasilyevich Klyukin is a board member for Russia\u2019s ninth-largest bank.<\/figcaption><\/figure>\n<\/div>\n<p>The developments include a six-story Chelsea condominium at 192 Eighth Ave., for which all the residential units have already been sold; a seven-story condo complex at 238-240 East 3rd St. in the East Village, which was on the verge of getting a permanent certificate of occupancy; and a five-story, nearly-complete commercial building at 128 West 26th St. in Chelsea set to be finished by the end of the year, the current project managers said in the legal papers. <\/p>\n<p>Klyukin, 44, accused the various companies managing the projects of wrongdoing and claimed his own company, Ahimsa, should assume control \u2014 but never said what the alleged wrongdoing was, according to the litigation filed by D&amp;V Realty and other corporations developing the projects.<\/p>\n<p>The oligarch\u2019s letter \u201ccould not have been other than an attempt to \u2018blow up\u2019 the projects and the Companies,\u201d according to the lawsuit. <\/p>\n<p>The result was \u201cdevastating\u201d to the companies involved, they charge in the court filing. One bank froze the accounts of the developers, while another delayed funding for a construction loan for the Wet 26th Street work. <\/p>\n<p>Sovcombank was sanctioned by the US on Feb. 24, the same day Russia invaded Ukraine, while Klyukin was sanctioned a month later, along with more than a dozen others, as part of a wave of penalties meant to punish Russian interests over the invasion. <\/p>\n<p>The penalty meant two of the projects on which Klyukin has a controlling interest are now barred from doing business. The West 26th Street development, in which Klyukin doesn\u2019t have a controlling interest, is the only project which could have proceeded despite the sanctions.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/192-eighth-avenue.jpg?w=1024\" alt=\"Almost all the residential units for 192 Eighth Avenue have been sold.\" class=\"wp-image-22717653\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/192-eighth-avenue.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/192-eighth-avenue.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/192-eighth-avenue.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Almost all the residential units for 192 Eighth Avenue have been sold.<\/figcaption><figcaption><span class=\"credit\">Robert Miller<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/238-240-east-third.jpg?w=1024\" alt=\"238-240 East 3rd St. was on the verge of getting a permanent certificate of occupancy.\" class=\"wp-image-22717666\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/238-240-east-third.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/238-240-east-third.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/238-240-east-third.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>238-240 East 3rd St. was on the verge of getting a permanent certificate of occupancy.<\/figcaption><figcaption><span class=\"credit\">Robert Miller<\/span><\/figcaption><\/figure>\n<p>\u201cWe don\u2019t exactly know his motivations, but our interest is protecting New York and US citizens and United States residents,\u201d said D&amp;V Realty lawyer Christopher Travis.<\/p>\n<p>In a legal filing responding to the lawsuit, a lawyer for Klyukin accused Vinbaytel of withdrawing $120,000 from the companies bank accounts without providing documentation.  Travis called the allegations baseless.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/18\/russian-oligarch-throws-nyc-developments-into-disarray-suit\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Russian oligarch throws NYC developments into disarray: suit&#8221; A sanctioned Russian oligarch is trying to \u201cblow up\u201d three Manhattan development projects he\u2019d invested in via shell companies, according to a lawsuit. Nine days before Russia invaded Ukraine, Mikhail Vasilyevich Klyukin \u2014 a board member for Sovcombank, Russia\u2019s ninth largest bank \u2014 sent letters to the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":464960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/newspress-collage-22692307-1655568377234.jpg?quality=75&strip=all&1655554016&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[130472,72239,4952,4975,71523],"class_list":["post-464959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-18-22","tag-development","tag-manhattan","tag-russia","tag-sanctions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=464959"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/464960"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=464959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=464959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=464959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}