Dead Russian Billionaire Amplifies Sanctions Debate in US Courts

Jan. 7, 2025, 10:00 AM UTC

The US government’s campaign to keep billions of dollars from returning to Russia has seeped into a Miami courtroom, potentially derailing a years-long fight over a $3 billion fortune.

When Oleg Burlakov died at 72 in 2021, his sister Vera and brother-in-law Nikolai Kazakov claimed they owned half his fortune for more than three decades. His widow, Loudmila Bourlakova, and grown daughters argue in court documents that the money is theirs and allege the Kazakov’s case argument is built on forgeries. Litigation costs around the globe have soared into the tens of millions, according to Bourlakova’s attorneys.

Aside from all ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.