Russian oligarchs think in advance how to circumvent sanctions

The oligarchs are trying to circumvent Western sanctions in advance, said Andrew Adams
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Sanctions against Russia in general and the Urals in particular

Russian oligarchs, against whom sanctions have not yet been imposed, are thinking in advance about how to circumvent them. This was stated by the head of the new task force of the US Department of Justice Andrew Adams in an interview with Reuters.

“In some cases, even oligarchs who have not yet been sanctioned are trying to move assets to potential future sanctions. But they face an unprecedented level of international cooperation to track income. However, it is often difficult to track the assets of oligarchs because they are hidden behind layers of bogus companies scattered around the world, “Adams said.

Sanctions against Russian oligarchs were imposed after the beginning of a forced special operation to demilitarize and denationalize Ukraine. Russian President Vladimir Putin has stated that the purpose of the special operation is to protect the people of Donbass from years of genocide. After the start of the special operation, the European Union imposed four packages of personal sanctions against Russian officials and businessmen. The sanctions also affected private and state-owned companies, according to the National News Service.

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Russian oligarchs, against whom sanctions have not yet been imposed, are thinking in advance about how to circumvent them. This was stated by the head of the new task force of the US Department of Justice Andrew Adams in an interview with Reuters. “In some cases, even oligarchs who have not yet been sanctioned are trying to move assets to potential future sanctions. But they face an unprecedented level of international cooperation to track income. However, it is often difficult to track the assets of oligarchs because they are hidden behind layers of bogus companies scattered around the world, “Adams said. Sanctions against Russian oligarchs were imposed after the beginning of a forced special operation to demilitarize and denationalize Ukraine. Russian President Vladimir Putin has stated that the purpose of the special operation is to protect the people of Donbass from years of genocide. After the start of the special operation, the European Union imposed four packages of personal sanctions against Russian officials and businessmen. The sanctions also affected private and state-owned companies, according to the National News Service.

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