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Can the Oligarchs Put More Pressure on Putin?

March 8, 2022 By Debbie Young

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]

With much of Russian oligarchs’ wealth stored abroad, James Freeman in the WSJ offers the case for broader international sanctions targeting their wealth.

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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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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