Economics
Who’s an Oligarch? Rich Russians Fret Over U.S. Sanctions Label
- Designation could make top tycoons ‘radioactive’ in the West
- Russia’s elite seen worried, but not enough to challenge Putin
How Putin Became the Symbol of Russian Power
This article is for subscribers only.
When Debevoise & Plimpton lawyers held a seminar in Moscow to explain the impact of new U.S. sanctions legislation, they had to rent out a hall in a hotel to hold all the worried clients who signed up.
A big reason for the interest is a provision in the law that gives President Donald Trump’s executive branch until February to identify “oligarchs” close to Vladimir Putin who can be slapped with visa bans and asset freezes as further punishment for Kremlin election meddling.