The 5th Column defined by Putin is a video to watch (!!!) ~__*
These younger-generation of Russian entrepreneurs were able to build their initial wealth because Gorbachev’s reforms effected a period “when co-existence of regulated and quasi-market prices created huge opportunities for arbitrage.” The term is derived from Ancient Greek oligarkhia meaning “the rule of the few” and they now face serious consequences.
Putin’s rhetoric is worrying of a man in a position of immense decision making strength and he seems to be pulling the rope tighter and it is getting shorter. The desperation is seen in his ruthless attacks on civilians in Ukraine and his continuous use of idioms to emphasis his distaste for those living in his their castles in Miami or the French Riveria and now abandoning mother Russia for oysters and foie gras. This isn’t a new thing and given the sanctions on Russians all over the globe those who are Russian are in deep shit and will be isolated financially.
It is not a good sign or is it when we see Putin clumping together Oligarchs into one pot. We do know many are being turned away at the airports and if you have a dual citizenship with any Russian connections visible in your passport you are blocked from travel and banks accounts are blocked.
The Task Force is organised to freeze Russian assets in all jurisdictions and to undermine the integrity of the international financial system
Australia: Dan Tehan MP, Minister for Trade Tourism and Investment, Australia
Canada: Chrystia Freeland, Deputy Prime Minister and Minister of Finance, Canada
EU: Didier Reynders, Commissioner for Justice, European Commission
EU: Mairead McGuinness, Commissioner for financial services, financial stability and Capital Markets Union, European Commission
France: Bruno Le Maire, Minister for Economy, Finance and Recovery, France
France: Eric Dupond-Moretti, Minister of Justice, France
Germany: Christian Lindner, Federal Minister of Finance, Germany
Germany: Robert Habeck, Federal Minister for Economic Affairs and Climate Action, Germany
Italy: Marta Cartabia, Minister of Justice, Italy
Italy: Daniele Franco, Minister of Economy and Finance, Italy
Japan: NINOYU Satoshi, Chairperson of the National Public Safety Commission, Japan
Japan: FURUKAWA Yoshihisa, Minister of Justice, Japan
SUZUKI Shunichi, Minister of Finance and Minister of State for Financial Services, Japan
UK: Priti Patel MP, Secretary of State for the Home Department, United Kingdom
UK: Rishi Sunak MP, Chancellor of the Exchequer, United Kingdom
USA: Janet L. Yellen, Secretary of the Treasury, United States
USA: Merrick B. Garland, Attorney General, United States