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HomeWorldAbramovich's brokering career is...
January 27, 2023

Abramovich’s brokering career is over – WSJ

By David
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    Russian oligarch Roman Abramovich is also at risk of US sanctions as his efforts to mediate peace between Ukraine and Russia have failed.

    The Wall Street Journal wrote about this in an analytical publication. About a year ago, Abramovich made a desperate attempt to help stop the war in Ukraine, salvage his reputation in the West and his $15 billion fortune.

    Western politicians had hoped the businessman could pave the way for meaningful talks with Russian President Vladimir Putin, with whom he has close ties, but with no end in sight to the fighting, Ukrainian, American and European officials said they had given up on expectations. that Abramovich can play a key role as mediator in the dialogue, the publication says.

    After the collapse of peace talks he helped orchestrate in April, Abramovich is now facilitating more concrete agreements on prisoner exchanges and the removal of grain from Ukraine and ammonia from Russia, the authors write.

    US officials have said they are becoming increasingly wary of Abramovich. They have so far refrained from going after the Great Battle, Canada and Europe and imposing sanctions against him, which Ukraine insists on.

    Kyiv recently added Abramovich to its list of sanctions, but the sanctions are suspended until the prisoners of war are returned.

    In discussions between Russia and Ukraine, he can play a role if there is a need to intervene in some issues, said Mykhailo Podolyak from the Office of the President of Ukraine. But this is not the mediating role he played in the early rounds of the negotiation process.

    When someone has lost his effectiveness, it’s time to apply sanctions to him,” former American diplomat Jim Wasserstrom told the publication. “This is not a free pass for life.”

    Earlier, Rakurs reported that Russian oligarchs were preparing for a war with Ukraine and transferred their assets to relatives. This is stated in the interim report of the Financial Crimes Enforcement Agency at the US Treasury FinCen.

    It confirms The Guardian’s information that the date of Russia’s invasion of Ukraine was known, for example, to Roman Abramovich. Three weeks before the war, he rushed to transfer assets – real estate, yachts, private jets, funds – to his seven children. Moreover, the youngest son of the oligarch is only 9 years old.

    The names of other representatives of the elites were not disclosed, but the report notes that several more people began to rewrite property in the same way a few weeks before the war.

    Source: Racurs

    David
    David

    I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.

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