On 25 October, the Wall Street Journal reported that a web of shell companies and middlemen managed by services firm Bridgewaters makes it hard for authorities to track assets and enforce sanctions. It refers to a deal involving a Silicon Valley start-up, routed through a series of offshore companies and a venture fund, which let the oligarch, Alisher Usmanov, move more of his vast wealth into the West. The fund’s stake at the IPO was valued at $175 million.
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