In the past year, the richest businessmen (read, bandits) of Russia lost between $1 billion and $4,6 billion each as a result of the sanctions.
Of course, this isn’t their money. They were allowed to hold these assets for their criminal organization with the goal of duping the West into believing that it won the Cold War and that capitalism was being adopted in the post-Soviet territories.
Almost none of these oligarchs have Russian last names. The people who were selected by the organized crime concern to hold the assets mostly had Jewish and Central Asian last names. This was done in order to help regular Russians to channel their resentments into the familiar direction of ethnic and racial hatred.
That all sounds like an overwrought conspiracy theory, if you ask me. I hold no brief for oligarchs, but I doubt that any rich businessman is so rich that it would even be possible to lose multiple billions in three years, let alone one year. And the richest businessmen hold much of their wealth in real estate and gold, which retains value. Sorry, just my opinion.
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The numbers are all taken from Forbes. And these are not businessmen. These are bandits.
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