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War in Ukraine: How Russian oligarchs could circumvent sanctions

The West is considering allowing Russian oligarchs to bypass with financial compensation sanctions imposed by the US, the European Union and their allies. What should they do? To give money from their fortunes for Reconstruction of Ukraine after the end of the war.

His deputy prime minister Canada and Minister of Finance, Kristia Freelandthrew the idea on the table last week during a meeting of G-7 finance ministers in Germany, the British newspaper reported The Telegraph.

Freeland spoke about the issue after some of the oligarchs contacted her. The Canadian politician had developed relations with some of them at the time she was a correspondent for the Financial Times and other media in Moscow and Kyiv, before engaging with the public.

In accordance with Associated Pressan official who knows well what was said, said that the Ukrainian side is aware of the proposal. The same img said that the West is interested in having some of the most important oligarchs actually move against the Russian president, Vladimir Putin, while at the same time they will help financially a country that needs it.. In the past, billionaire Oleg Tinkov has said that Russia’s rich do not agree with the war.

So far, According to the Commission, assets worth 10 billion euros have been “frozen” by the countries of the European Union alone. In 2017 a study of the American National Economic Bureau calculated the fortunes of the oligarchs at about $ 800 billion in countries such as the United Kingdom, Switzerland and Cyprus.

The sale of Chelsea shows the… way

Its sale Chelsea, meanwhile, shows the way for how Christia Freeland’s proposal could work. His government United Kingdom imposed financial sanctions on him Roman Abramovich and the club started operating with a special license. The Russian businessman then decided to sell the club, but the process was accelerated only after he clarified in an announcement that he wanted the money to be given to the victims of the war.

For the amount of investment – five billion euros – made by the investment group led by the American businessman, Todd Bollyas well as the checks that had to be done the transfer of Chelsea was done very quickly. A few days ago both the Premier League and the government of Boris Johnson “gave the green light” to the sale which is expected to be “sealed” in the near future.


Source: News Beast

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