Oligarch wants to circumvent sanctions with a simple trick

After the start of the war in Ukraine, the West imposed sanctions on Russia. The country’s oligarchs, for example, are also affected.

Investigators are hunting their assets – according to the EU Commission, the oligarchs have lost around ten billion euros as a result. A good 2.3 billion of this came from the seizure of state ships owned by oligarchs close to the Kremlin. So far, Russian oil and gas has been largely exempt from sanctions – an oil embargo could be discussed again at the EU summit on Monday.

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