A number of London service providers have specialized in securely investing in real estate, sometimes illegally acquired assets from abroad.
(Foto: mauritius images / William Barton / Alamy / Alamy Stock Photos)
Berlin, London British Foreign Secretary Liz Truss likes to present herself as an iron lady. On Monday it was time again: In Parliament she announced “the toughest sanctions regime” against Russia in British history. Starting next week, sanctions can be imposed on any person or company with ties to the Russian state.
If Russia invades Ukraine, assets will be frozen and travel bans will be imposed, Truss said. “Those in and around the Kremlin will no longer have anywhere to hide.” The pithy announcement was greeted with laughter by the opposition. Because it’s no secret that the favorite hideout of Russian oligarchs has been the British capital for decades.
The ties are so close that London is sometimes referred to as “Londongrad” or “Moscow on the Thames”. Interdependencies with the British economy and society make it more difficult to take action against the oligarchs, the US think tank Center for American Progress recently warned.
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