Russian oligarchs intend to buy off sanctions by transferring their assets to Ukraine

Russian oligarchs intend to buy off sanctions by transferring their assets to Ukraine

Russian oligarchs intend to buy off sanctions by transferring their assets to Ukraine

At the last meeting of the G7 finance ministers, Canadian Finance Minister Chrystia Freeland told her six ministerial colleagues that she receives calls from Russian oligarchs who are on Western sanctions lists and are very unhappy with them.

This was reported by Handelsblatt.

According to Freeland, the oligarchs are critical of Russia's war against Ukraine, but cannot distance themselves from the invasion because of the threat of reprisals from the Kremlin. A group of major Russian businessmen caught up in international sanctions have offered to donate a significant portion of their fortunes to the reconstruction of Ukraine in exchange for the removal of personal restrictions.

As a reminder, Britain and other G7 countries are considering using frozen Russian assets to finance the reconstruction of Ukraine. According to Foreign Secretary Liz Truss, this issue is under discussion.