Expropriation and withdrawal of visas for oligarchs

Mikhail Fridman

Alfa-Bank founder (left) owes his wealth to deals under the State-Owned Enterprise Loan program with the Russian government.

(Photo: imago images/ITAR-TASS)

It can hardly be surpassed in terms of audacity: many of the Russian oligarchs are now acting as if they were not part of the Putin regime or even opposed it. Their calls to stop the war are never unequivocal. They consciously keep open who the aggressor is and who has to withdraw in order to pacify the situation.

With that, the billionaires, who always had a bad reputation, finally discredited themselves. It is outrageous to attempt to reinterpret their clear nexus with President Vladimir Putin, the government and the presidential administration – as if they were not the most important cogs in the Kremlin’s machinery of power.

The list of sins is long: there is the Tui major investor Alexei Mordashov, who illegally supplied turbines to the annexed Crimean peninsula from his joint venture operated with Siemens Energy in St. Petersburg.

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