Russian oligarchs, who are collectively estimated to control as much as one third of Russia’s wealth, most of which is held outside of Russia in various ways such as shadowy bank accounts and real estate, are feeling the wrath of sanctions by the European Union (EU) and the U.S. Following Russia’s invasion of Ukraine in late February, the West swiftly moved to punish the regime of Russian President Vladimir Putin by freezing Russian assets, cutting off some of the country’s banks from… Source link
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