COMPANIES CONTROLLED BY SANCTIONED ‘OLIGARCHS’ ACROSS EUROPEAN REGIONS AND SECTORS

In March, Transcrime, the joint research centre on transnational crime, published a paper, containing the results of research in a joint-initiative by Transcrime and its spin-off Crime&tech.  This claimed that there are almost 31,000 companies in Europe with Russian beneficial owners.  1,400 of them are controlled by 33 individuals who were at the time subject to recent sanctions.  It said further that, Germany, the UK, Cyprus, the Netherlands, Luxembourg and Austria host most of the oligarchs’ businesses, and that the value of these is higher than $440 billion (total assets, book value).

https://www.transcrime.it/wp-content/uploads/2022/03/Inside_the_matrioska.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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