The Russian oligarchy They are characterized by their support for Vladimir Putin’s government and their large purchasing power. However, these people are suffering from sanctions European union (EU)The United States And others International companiesBehind Russian invasion of Ukraine. Therefore, we explain how they differ Great.
His assets are worth more than 10,000 million euros. However, with the start Conflict between European countriesVarious measures such as freezing assets or travel restrictions were applied to them.
What is the Russian oligarchy?
Russian oligarchy is a group of merchants from the former Soviet republics who, after the dissolution of the Soviet Union in 1991, acquired their millionaire economic assets during the privatization period, according to the Spanish portal As. In addition, these people are characterized by a close relationship with the decisions made by Vladimir Putin.
Furthermore, according to the Royal Spanish Academy (RAE) the oligarchy is defined as a small group with power and influence in the economic, political and social spheres.
Russia’s invasion of Ukraine has caused these people to face various obstacles, including selling their businesses or companies and confiscating property, including their luxury boats.
What is the difference between an oligarch and a principal?
Although the term oligarchy and principal are synonymous, the manner in which this money is received establishes a difference between the two, as both personalities have great fortune and purchasing power by their companies.
The oligarchy benefited from the dissolution of the Soviet Union because they privatized their businesses and increased their revenues through public enterprises, according to El Pice.
Meanwhile, the word tycoon, according to the Oxford Dictionary, refers to a rich man who, above all, enjoys power because of his position in the business and financial world. Similarly, the money they receive is the result of gifts or the executive management of their companies and without the intervention of public organizations like the Russian oligarchs.
Who are the rich Russian oligarchs?
Forbes Magazine has released a list of the richest Russian oligarchs in 2021. Alexei Mortashov, the CEO of a company in the steel industry, tops the list with a net worth of .7 25.7 billion. Vladimir Lisin, the second richest man, has a net worth of $ 23.8 billion. Next, we show you the names of the highest-earning entrepreneurs in Russia.
- Alexei Mortashov (Chevrolet): 25.7 billion
- Vladimir Botanin (Nornickal): 23.9 billion
- Vladimir Lysin (NLMK): 23.8 billion
- Vakit Alekberov (Lukoil): 22.1 billion
- Gen. Timchenko (Novatech): 20.9 billion
- Alisher Usmanov (Metallo Invest): 16.3 billion
- Andrei Melnishenko (Eurochem): 15.8 billion
- Suleiman Kerimov (Polius): 15.8 billion
- Pavel Throw (Telegram): 15.2 billion
- Michael Friedman (Alpha Group): 13.5 billion
- Roman Abramovich (Chelsea, Evras): 11,014 million
Which oligarchy close to Vladimir Putin received sanctions after the invasion of Ukraine?
In Russia, many oligarchy groups close to the Kremlin government have received sanctions or have been identified by organizations such as the European Union as close advisers to Putin. As a result, their voyages were banned, boats were confiscated in Italy, France and the United Kingdom, and their property was confiscated.
As of early March, the EU’s official newspaper had published a list of 26 oligarchy affected by the move. Of these:
- Igor Chechin: He was the Prime Minister of Russia and the director of the state oil company Ronept. According to the European Union, he is a personal friend of Putin and supports the annexation of Crimea.
- Alisher Usmanov: The European Union (EU) says he is a close ally of the Russian government. He also said that Putin was used to solving business problems.
- Michael Friedman: He has been described by the European Union as “the biggest Russian financier and facilitator of Putin’s inner circle”. For his part, Friedman said they will challenge the obstacles.
- Peter Aven: The European Union (EU) has described Putin as “one of the most sought after people in the world.” According to Reuters, the character has gained traction in the oil, retail and banking businesses.
- Boris and Igor Rottenberg: They are famous for their relations with the Russian President. On March 1, they were blacklisted in the United States and the United Kingdom.
- Gennady Timchenko: According to the EU sanctions document, Rosia is a partner in the Bank of Russia, a bank of high-ranking officials.
- Alexei Mortashov: He is an investor in the National Media Group, Russia’s largest media group, and supports the policies of the Putin government.
Which Russian oligarchy were against the invasion of Ukraine?
Although many Russian oligarchs have been classified as close to Vladimir Putin’s government, some of them have begun to question Russia’s decision to invade Ukrainian territory. It should be noted that these announcements have been made gradually since their companies fell in the stock market.
Oleg Dingov was one of the first to criticize military progress. Michael Friedman and Oleg Deribaska were other millionaires who were against the war in Ukrainian territory.
What sanctions did the EU impose on Russia for its occupation of Ukraine?
As the military advances in Ukraine, the European Union is imposing a series of sanctions on Russia. Here are some of them:
- Freeze Moscow’s assets in the EU and prevent Russian banks from accessing European financial markets.
- To avoid modernization of refineries, the export of important equipment for the oil sector should be banned.
- Prevent the sale of resources to commercial airlines.
- Restrict Russia’s access to critical technologies such as semiconductors.
- Russian diplomats and businessmen are missing out on the privileges they enjoyed entering the EU.
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