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Odious Russian oligarchs earn billions from trade with Europe,
It is noted that the Russians found loopholes in the restrictions.
A number of Russian oligarchs continue to earn money in Europe despite the restrictions. The sanctions legislation has a loophole that allows financing the military machine of the Russian Federation.
The Insider writes that sanctions against Vladimir Putin's oligarchs do not apply to their companies if their share of shares is less than 50% or all sanctioned owners of the company must control 50% of the shares. In this regard, many Russian oligarchs simply transfer part of their shares to relatives or figureheads with the right of redemption.
This is what Oleg Deripaska, who is the main owner of the large aluminum producer Rusal, did. According to the publication,…
