Oleg Tinkov is the founder of Tinkoff Bank, one of the largest Russian lenders, whose services are used by 20 million customers – recalls BBC.

I cannot and will not be associated with a fascist country that has started a war with its peaceful neighbor

– wrote the billionaire on Instagram, adding that he renounced Russian citizenship. Declaration and photo The appwhich confirms the deprivation of the Russian passport of Tinkov, was published on Twitter by the independent portal Sota Vision.

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Billionaire Oleg Tinkov renounces Russian citizenship. “I hate Putin’s Russia”

The banker lives London. However, as a citizen Russia he was subject to sanctions imposed by Britain after the outbreak of war in Ukraine.

Too bad I still have that passport. I hope that more prominent Russian businessmen will follow my example and that this will weaken Putin’s regime and its economy and ultimately lead it to defeat

Tinkov said. He added that “he hates Putin’s Russia, but he loves all Russians who are clearly against this madman war“.

The BBC recalls that in April, the Russian billionaire criticized the Kremlin even more harshly. He described the ruling regime in Moscow as based on “nepotism and servility”. At that time, Tinkov sold 35 percent. shares of TCS Group Holding, a company founded by him, based in Cyprus. The buyer was one of Russia’s richest people, Vladimir Potanin, the boss of mining giant Norilsk Nickel.

The war in Ukraine. Russian oligarchs under Western sanctions

The European Union has expanded the lists of people subject to sanctions: entry ban and freezing of their assets. There are nearly 1,000 names on these lists – mostly military personnel, civil servants, politicians, lawyers and propagandists, but also dozens of Russian oligarchs and businessmen and their family members.

“The sanctions mean, among other things, the prohibition of financial transactions with EU entities, including in cryptocurrencies, and the freezing of bank accounts, property and resources of related companies, for example in the event of ownership of more than 50% of the shares of a company or decisive influence on its development “- explains the Polish Institute of International Affairs.

Restrictions are implemented by EU member states. Their implementation is monitored and controlled by the European Commission. Sanctions were also imposed on, among others, Switzerland and Monaco with significant Russian assets.

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