The rise and fall of Russian oligarchs
- Russian oligarchs are known for having luxurious yachts, jets, and mansions.
- But there is another side of their empire that is harder to track down.
- Assets can be registered under a different name as trusts or shell companies in offshore tax havens.
The invasion of Ukraine launched by Russian President Vladimir Putin in February caused an international outcry.
Sanctions came thick and fast, aimed at restricting the wealth and movement of those with links to the Kremlin. In a matter of weeks, the US sanctioned more than 400 people and entities, including a number of Russian oligarchs.
By April 2022, 18 oligarchs had dropped off Forbes' billionaires list because of the avalanche of sanctions. We looked at how the government decides who gets sanctioned, and what can happen to their assets once these are imposed.
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The rise and fall of Russian oligarchs
Reviewed by mimisabreena
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Friday, June 03, 2022
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Reviewed by mimisabreena
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Friday, June 03, 2022
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