Londongrad
"Washington Post" article:-"London’s status as a playground for Kremlin-linked oligarchs undermines Britain’s tough-on-Russia stance""British Foreign Secretary Liz Truss said this weekend that new sanctions would mean that “there would be nowhere to hide for Putin’s oligarchs or Russian companies involved in propping up the Russian state.” But for years, the moneyed streets of the British capital and its surroundings have been a really great place to hide if you’re a Kremlin-linked oligarch.""London’s main appeal is its lack of oversight. Julia Friedlander, director of economic statecraft at the Atlantic Council, said it was “mostly the use of trusts and blind trusts [and] the ability to use derivatives and other financial products to bring money into the country” that attracted oligarchs to London, as well as “the ability to use the U.K. as a lily pad jurisdiction to invest in other parts of the world and, of course, high-end real estate values.”"
David Ainsworth ● 1230d5 Comments