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Russian Oligarchs face the heat as crippling sanctions wreak economic havoc

Published on Mar 03, 2022 10:06 pm IST

Russian Oligarchs are staring at a ban from sailing their superyachts into ports across Europe. Russian Oligarchs are businessmen who exert control over the country's crucial industries. Oligarchs' influence over Russia's assets mean they wield significant influence & are in Putin's inner circle. In response to Ukraine invasion, West is targetting the Oligarchs, Russia's most powerful figures. Oligarchs' yachts are moving to areas outside E.U. & towards nations that don't have extradition treaties with the USA.

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