Russian tycoon loses $230 million art trial in US

Dmitry Rybolovlev had sued the auction house Sotheby’s for allegedly helping a dealer defraud him A New York jury has ruled against Russian billionaire Dmitry Rybolovlev in a high-profile court case the businessman brought against art auction house Sotheby’s, which he accused of aiding and abetting fraud.

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Turkish banks closing Russian accounts – Vedomosti

Turkish banks have started closing Russian corporate accounts and tightening policies for individuals following threats of secondary sanctions from the US, business daily Vedomosti reported on Thursday, citing financial consultants and business owners.

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Retail sales in Germany plunge – data

The sector recorded a 1.7% drop during the Christmas season alone, official statistics show German retail sales saw a sharp drop in 2023, according to preliminary data released on Wednesday by Germany’s Federal Statistical Office (Destatis).

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