Break the Chain Between Russian Oligarchs and Managers, and You Break Everything
Russian oligarchs were hit with sanctions last year in an effort to cut off Vladimir Putin’s overseas lieutenants from their vast offshore wealth — an estimated 60 percent of their net worth. Mega-yachts, private jets and luxury villas were seized, sometimes with news cameras rolling. Yet for all that drama, much of the oligarchs’ money was quietly moved to safer havens.
Russian oligarchs have even evaded sanctions on the home turf of one of the leading countries penalizing them — specifically, in a striking display of impunity, by investing in U.S. real estate. The Justice Department recently announced that Viktor Vekselberg — who cultivated Western leaders on behalf of Mr.… Seguir leyendo »