Since February 21, when Russia acknowledged the separatist republics of Donetsk and Luhansk in eastern Ukraine, laying the groundwork for the special military operation three days later, Western nations have instituted a succession of economic sanctions against hundreds of Russian political leaders and corporate tycoons who regulate the country’s media, financial institutions, oil refineries, and other critical industries.
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Several of Russia’s wealthiest people were amongst those who have been sanctioned. There seem to be roughly 100 Russian billionaires (in U.S. dollars), depending on which list you consult. Seventeen are currently subject to sanctions enforced by the United States, the United Kingdom, or the European Union, which prevent them from retrieving their abroad holdings or doing business with Western firms.
For their actions in allowing Russia’s annexation of the Crimean Peninsula from Ukraine in 2014, several have been sanctioned for years.
Plenty of them are good friends with Russian President Vladimir Putin on an individual basis. Russia’s second-richest man, Alexey Mordashov, is the CEO of Bank Rossiya, which the EU describes (read below) as “the personal bank of senior Russian officials.”
Alisher Usmanov, Russia’s sixth wealthiest person and “one of Putin’s favorite oligarchs,” as per the EU, and Arkady Rotenberg, Putin’s childhood buddy and rumored owner of the “Putin’s Palace,” a massive compound of structures on the Black Sea coast, are also on the roster.
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Igor Rotenberg, Arkady Rotenberg’s son, and Boris Rotenberg, Arkady Rotenberg’s brother, have already been barred by the US and the UK (but not the EU) because of their strong ties to Putin and major shares in Russia’s state-owned energy giant Gasprom, the world’s biggest natural gas manufacturer.
Additional members of the Rotenberg family were sanctioned by the White House on March 3: Arkady Rotenberg’s other son, Pavel, and daughter, Liliya, and also Boris Rotenberg’s wife, Karina, and sons Roman and Boris.
Putin’s former son-in-law, Kirill Dmitriev, was just placed on the US sanctions list. Dmitriev, 46, is the CEO of Russia’s sovereign wealth fund, the Russian Direct Investment Fund.
He was once recognized as Russia’s youngest billionaire, but after his divorce from Putin’s younger daughter Katerina Tikhonova in 2018, he ended up losing his billionaire designation.
The following is a list of all Russian billionaires who have been sanctioned since 2014.
Read the document below: