Germans Are Ragged by Western Sanctions Against Oligarchs

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Western sanctions have also targeted wealthy russians with close ties to the cremlin. Hundreds have been hit by travel bands, banking bands and asset friezes. Catherine belton is a former f t. Journalist and author of the book puten's people. She says, oligarchs are rattled by these sanctions. And these oligogues are going through an exidential crisis.

SoftBank will slow down further investments amid a scramble for cash, journalist and “Putin’s People” author Catherine Belton talks about the impact sanctions are having on Russian oligarchs. Plus, the FT’s Frankfurt bureau chief, Martin Arnold, talks about Russia’s threat to halt gas shipments to Germany and what that could do to the German economy.

Mentioned in this podcast:

Softbank to slow investments after crash in tech holdings

Germany takes step towards gas rationing over payments standoff with Russia

Journalist Catherine Belton on Rachman Review podcast

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The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.

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