Ad
Russia's foreign affairs minister Sergei Lavrov has said 'no one could have predicted' the scale of Western sanctions (Photo: consilium.europa.eu)

Russian bankers shifted wealth away long before sanctions

After Russian president Vladimir Putin invaded Ukraine on 24 February, Western nations retaliated with massive sanctions on the Russian economy and financial system, expanding on earlier sanctions dating back as far as 2014 and the Crimea annexation. \n \nHundreds of Russian billionaires faced even tougher sanctions. But after some much-publicised seizures of yachts and London villas, efforts to identify and freeze assets held by Putin's inner circle have become bogged down in the labyrinthin...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Russia's foreign affairs minister Sergei Lavrov has said 'no one could have predicted' the scale of Western sanctions (Photo: consilium.europa.eu)

Tags

Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Ad

Related articles

Ad
Ad