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Wednesday, March 9th, 2022

Turning the Focus on America’s Oligarchs

Author:     Evan Osnos
Source:     The New Yorker
Publication Date:     7 March 2022
 Link: Turning the Focus on America’s Oligarchs
Stephan:   The media spends a great deal of time and energy covering the Russian oligarchs but, in my opinion, far too little focusing on American oligarchs, perhaps because most of the American media is owned by oligarchs. This absence of coverage is a major failing, I think, because the American oligarchs, many of them, as seen by which Congressmembers they rent and support do not really favor democracy. This article in The New Yorker is one of the few I have seen that looks at this issue in a fact-based manner.
The yacht Amore Vero is docked at La Ciotat harbor, in the South of France, after being seized by French authorities earlier this month. Credit: Florian Escoffier / Alamy

Late on the night of March 2nd, the Amore Vero, a two-hundred-and-ninety-foot-long yacht that French officials trace to Igor Sechin, the C.E.O. of the Russian oil giant Rosneft and a confidant of Vladimir Putin’s, was in the Mediterranean port of La Ciotat. As news spread of sweeping new sanctions on Russian élites, the crew of the Amore Vero tried to “sail off urgently,” according to the French government. But customs officers seized the yacht before it could depart. Observers of the luxury-yachting world have reported that several other vessels connected to Putin’s favored élite appear to be dashing toward friendlier ports in the Indian Ocean.

To a degree that has startled experts in the opaque byways of international finance, the invasion of Ukraine has engendered a systematic campaign to sever Russia from the global banking system, and to sunder the Russian élite from their estates, vessels, and fortunes from the […]

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1 Comment

  1. Albus Eddie on Thursday, March 10, 2022 at 5:33 am

    I am certain, absolutely certain, that when Trump and his colleagues are brought into the halls of Justice for judgement, that rooting out dark money and its hiding places will be next on the administration’s agenda.