Sanctions against Russian oligarchs are difficult to implement

As bombs fall on Kyiv, Russian banks, conglomerates, ministers, and oligarchs are being hit by sanctions that seemed unimaginable just a week ago. The European Union’s current list includes 26 individuals and one company. One fact makes the Russian economy particularly vulnerable: more than half of the wealth of Russia’s richest 0.01 percent is located outside the Russian Federation. The European authorities could therefore access it more easily.

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