Ukraine invasion: why US sanctions on Russia may hardly dent jet-setting lifestyles of Putin’s oligarchs

Feb 26, 2022 | INVESTING

The term Russian oligarch conjures images of posh London mansions, gold-plated Bentleys and sleek superyachts in the Mediterranean, their decks draped with partiers dripping in jewels.But the raft of sanctions on oligarchs announced by President Joe Biden this week in response to the invasion of Ukraine may do little to dim the jet-setting lifestyles of Russia’s ultra-rich and infamous – much less force a withdrawal of tanks and troops.US sanctions target Russian President Vladimir Putin and a…

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