Russian oligarchs, who had their bank accounts frozen or property seized after Moscow’s invasion of Ukraine, are pushing back or finding ways around Western sanctions. Read more at straitstimes.com.
LONDON - Oligarchs reportedly close to Russian President Vladimir Putin who have had bank accounts frozen or property seized after Moscow’s invasion of Ukraine are pushing back against the Western sanctions – or finding ways around them.
Russian banker Petr Aven, who insists he has “no financial or political relationship” with the Kremlin, is asking the British government to unlock £60,000 per month from his frozen accounts for his family’s essential needs. Aluminium billionaire Oleg Deripaska, whose personal fortune halved in the past year to US$1.7 billion according to Forbes magazine, is taking legal action against Washington over the sanctions.
Ukraine-born Fridman chose to stay in London, his lawyer confirmed to AFP. According to newspaper reports, he has been seen sipping champagne in a theatre.“It’s hard to say how much their wealth has suffered because we don’t know how much they had,” Georgetown University professor Jodi Vittori, who has studied state corruption and illicit financing, told AFP.
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