An ASX-listed Russian coal miner backed by billionaire businessman Paul Little will sell itself to a Russian merchant days after the Federal Court found it was in breach of Australian sanctions put in place after the Kremlin’s invasion of Ukraine.

Tigers Realm Coal said on Monday that it would offload its assets – including two Siberian coking coal mines and an export terminal – for $49 million to APM-Invest, which is solely owned by Russian businessman Mark Buzuk.