Russian oligarchs enjoy luxury life in United Kingdom under sanctions exemptions

Sanctioned Russian oligarchs spend hundreds of thousands of dollars on luxury life in the U.K. thanks to numerous sanction exemptions, the New York Times reported on July 27.

In some cases, the oligarchs were allowed more than $1 million a year in living expenses, while in others, sanctions were removed after legal battles, the newspaper reported.

According to the New York Times, sanctions that are publicly announced by London are often softened by exemptions knowns as "licenses."

Thanks to such licenses, Ukraine-born Russian Israeli oligarch Mikhail Fridman reportedly spent almost $400,000 over 10 months to retain 19 staff members, including drivers, private chefs, and housekeepers.

https://kyivindependent.com/nyt-russian-oligarchs-enjoy/

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