U.S. Secretary of State Michael R. Pompeo meets with Russian President Vladimir Putin in Sochi, Russia on May 14, 2019. [State Department photo by Ron Przysucha/ Public Domain]
Much of that wealth is stored abroad. Oligarchs have bought up mansions, sports teams and businesses outside Russia while sending their children to study and party abroad.
Many Western capitals looked the other way as money poured in and financiers, accountants, lawyers and real-estate agents also cashed in.
Yet on Thursday the U.S. Treasury sanctioned only seven more Russians: three sons of Mr. Putin’s cronies, a wife, and three bankers.
Originally posted on February 28, 2022.
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