The west has made it hard for Russia’s millionaires to retain assets – but not impossible. Now the EU wants to try harder
It has been a long year since Liz Truss launched a rolling programme of sanctions on Russia’s oligarchs. Speaking three days after the invasion of Ukraine, the foreign secretary, as she was then, signalled an end to the UK government’s no-questions-asked approach.
“We are targeting oligarchs’ private jets, we’ll be targeting their properties, we’ll be targeting other possessions that they have,” she told Sky TV. “There will be nowhere to hide.”
