Oligarch Roman Abramovich has begun a fire sale of his most valuable assets in the latest move by Putin’s inner circle to distance themselves from their wealth.
The timing of the sale is notable, however, with British opposition Labour party lawmaker Chris Bryant saying that Abramovich is"terrified of being sanctioned," and is liquidating his assets.originally derives from the sale of Russian state assets following the fall of the Soviet Union, has so far avoided the type of sanctions that have hit some of his peers.
Vagit Alekperov, president of Russia-based Lukoil, is sailing his yacht to Montenegro, according to CNBC analysis, while at least three yachts owned by other Russian billionaires are getting closer to the Maldives.The government in Britain — a country home to vast sums of Russian wealth — has come under pressure domestically for not acting quickly enough on sanctions.
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