Russian oligarchs

PHOTO: NYC, New York

American policy makers, including some senators — like Republican Roger Wicker of Mississippi — are calling for the full “Navalny 35” list of Vladimir Putin cronies to be officially sanctioned by the US.

 

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Russian oligarchs are business oligarchs of the former Soviet republics who rapidly accumulated wealth during the era of Russian privatization in the aftermath of the dissolution of the Soviet Union in the 1990s.

That’s a list of the top individual alleged “key enablers” of Putin’s kleptocracy, compiled by Russian opposition leader Alexi Navalny, who survived a near-fatal nerve agent poisoning by Putin thugs after he exposed the extent of the dictator’s corruption and money laundering — including the construction of a billion dollar presidential palace — and who is still speaking out even from prison during a kangaroo court hearing.

There is a push for several top Russian oligarchs and cronies of President Vladimir Putin to be sanctioned by the US government.
There is a push for several top Russian oligarchs and cronies of President Vladimir Putin to be sanctioned by the US government.
Sputnik/AFP via Getty Images

After Russia’s invasion of Ukraine, the US has now sanctioned Putin and some of his cronies — but not all. And the UK, Canada and more than 15 other countries have already agreed to ban Russian private planes from flying over “democratic skies.” Still, many prominent oligarchs have not been touched and are still enjoying their private planes and megayachts — although that could change.

Several Russian oligarchs own property in New York City.
Several Russian oligarchs own property in New York City.
New York Post

Sanctions don’t just hurt oligarchs’ pocketbooks. The travel bans also hurt their worldwide standing.

“The oligarchs are deeply concerned about travel bans because they undermine their reputations and philanthropy, which they use to bolster their public image,” said Louise Shelley, director of the Terrorism, Transnational Crime and Corruption Center at George Mason University.

At the top of the Navalny 35 list is Roman Abramovich, the billionaire oligarch and British soccer club owner known as “Putin’s banker.”

Many on the "Navalny 35" list — compiled by Russian opposition leader Alexi Navalny — have residencies in New York City.
Many on the “Navalny 35” list — compiled by Russian opposition leader Alexi Navalny — have residencies in New York City.
EPA

Abramovich, worth more than $13.8 billion, recently nabbed citizenship in Portugal. In late 2017, Abramovich transferred $92 million worth of New York City property to his ex-wife, Dasha Zhukova — just before a 2018 round of sanctions was announced. Those sanctions penalized people close to Putin and were intended “to counter and deter malign Russian activities” that harm democracy around the globe.

Oligarchs’ ability to transfer wealth to others is another loophole that can’t be ignored, Shelley said. “This ability of politically exposed people to transfer property to friends and family is a way to get around the law, and we need legislation to address it,” she contended.

On Friday, UK members of parliament named Abramovich one of the “key enablers” of the Putin regime — something Abramovich has in the past denied. He has also been effectively barred from entering the UK, where he owns a $170 million mansion near Kensington Palace as well as the Chelsea soccer club. (He handed the “stewardship and care” – or direct control – of the club to a group of trustees on Saturday.)

He also owns a $600 million megayacht, Solaris, which boasts its own missile detection system; his other megayacht, Eclipse, was spotted docked in the tiny island of Saint Martin earlier this week, sources tell The Post. Meanwhile, UK prime minister Boris Johnson mistakenly said last week that Abramovich was already on the UK’s sanctions list; British foreign secretary Liz Truss then said the country wasn’t ruling out adding him in the future, according to reports.

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