Tue, 21-Oct-2025

New bans force rich Russians to drop favored Investment vehicle

For wealthy Russians, the race to shield their fortunes from sanctions is reaching another level. The European Union and Switzerland are banning one of their favorite overseas investment vehicles. Starting this month, registering or providing management services to family trusts that have Russian nationals as trustors or beneficiaries will no longer be allowed. At the … Read more

Russian tycoon condemns the ongoing war in Ukraine

“This insane war” should be brought to an end by the West, Russian tycoon Oleg Tinkov has said, denouncing Moscow’s “massacre” in Ukraine. A prominent Russian, Tinkov blasted the Kremlin’s military action, claiming that 90 percent of Russians were “against this war” and calling Russia’s forces a “shit army.” Tinkov was among the strongest critics … Read more