The Resilience of Russia’s Billionaire Oligarchs: Why Western Sanctions Failed to Impact Their Wealth

Introduction: In recent years, Western countries have imposed sanctions on Russian billionaire oligarchs in an attempt to curtail their influence and disrupt their wealth accumulation. However, despite these efforts, it seems that the impact on their fortunes has been limited. This article delves into the reasons why Western sanctions have failed to truly impact the wealth of Russia’s billionaire oligarchs, using the case of Roman Abramovich as an example. Asset Protection and Offshore Trusts: One of the key factors that shielded Russian oligarchs from the full force of Western sanctions is their adept use of asset protection strategies. Leaked documents … Continue reading The Resilience of Russia’s Billionaire Oligarchs: Why Western Sanctions Failed to Impact Their Wealth