On 30 January, a report from OCCRP claimed that Russian oligarch Roman Abramovich, sanctioned by the UK and the EU, held assets worth over €1.4 billion with Credit Suisse through offshore firms that, until recently, he secretly owned. The information came from 2 leaks shared with OCCRP and its partners.
Meanwhile, on 30 January, the Guardian reported that the “Oligarch Files”, a cache of leaked documents seen by the Guardian, suggest that before Russia invaded Ukraine Barclays and UBS held at least $940 million of assets on behalf of Abramovich’s trusts and companies he ultimately owned. Shortly before the invasion the 10 offshore trusts were rapidly rearranged to transfer beneficial ownership of a significant portion of Abramovich’s vast fortune to his children. It is said that the documents raise questions about how the banks responded to the changes and whether, since sanctions were imposed on Abramovich, they have allowed the children to financially benefit from assets that until that month were beneficially owned by their father.
https://www.theguardian.com/world/2023/jan/30/barclays-ubs-roman-abramovich-trusts
https://www.theguardian.com/world/series/oligarch-files
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