Consider This from NPR Oligarch Assets Parked in the US Are Hidden in a Web of Financial Secrecy
Apr 2, 2022
Join Paul Massaro, a Congressional Foreign Policy Advisor with expertise in sanctions and illicit finance, as he discusses the intricate web of financial secrecy surrounding Russian oligarchs. Since the invasion of Ukraine, sanctions against these elites have intensified, yet tracking their hidden assets in the U.S. remains a daunting task. Massaro highlights the challenges of identifying the financial networks that support Putin and the potential for new legislation to enhance asset seizure processes. A revealing look at power, corruption, and the fight against hidden wealth.
AI Snips
Chapters
Books
Transcript
Episode notes
Oligarchs and Putin
- Russian oligarchs, close to Putin, amassed billions through state-owned enterprises.
- They often sell these enterprises back to the state at inflated prices.
Sanction Effects
- Sanctions target oligarchs' assets to pressure Putin and disrupt his regime.
- This includes seizing yachts, apartments, and jets, but true impact is uncertain.
Targeting Oligarchs
- Targeting oligarchs is now a priority due to Russia's invasion of Ukraine.
- Previous hesitancy stemmed from their power and complex financial networks.
