Morrison Foerster is an international law firm with lawyers practicing throughout the United States, Asia, and Europe. Click to discover more.

mofo_share_image.jpg

Morrison Foerster

favicon.ico

favicon-16x16.png

favicon-32x32.png

apple-touch-icon.png

MoFo Favicons

Terms / Notices

Cookies

Privacy Policy

Attorney Advertising

Secure Login

Alumni

  Facebook

MoFo Facebook

  Linkedin

MoFo LinkedIN

Twitter

MoFo Twitter

YouTube

MoFo Youtube

Morrison Foerster - Footer

You have not solved the recaptcha challenge yet or session expired, try again.

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our <a href="https://www.mofo.com/about/privacy-policy.html">Privacy Policy</a>, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.

Feedback

mofo-logo-2022.svg

People

Capabilities

Resources

About

Culture

Offices

Careers

Stay Connected

John Smith spoke to Bloomberg about how half of Russia’s 20 richest people have not been sanctioned over its war in Ukraine, leaving a group of super-rich.



Half of Russia’s 20 Richest Billionaires Are Not Sanctioned

About Morrison Forester

people-default-header-desktop.jpg

people-default-header-mobile.jpg

Default Meta Data

John Smith spoke to Bloomberg about how half of Russia’s 20 richest people have not been sanctioned over its war in Ukraine, leaving a group of super-rich.“There are reasons to go after some oligarchs and there are reasons to hold some in abeyance,” John said. “It can either be because they’re not believed to be close to the Kremlin decision-making or that they may be too difficult to sanction at the outset, and governments want to develop a plan before they pull the trigger.”He added: “A primary objective of sanctions has to be that we hurt the sanctions target more than we hurt ourselves. When you talk about gas, Europe still needs Russia. The U.S. and its allies will be looking very carefully to see what products from Russia may be nearly essential to us and third country companies and seek to avoid those impacts.”Read the <a target="_blank" href="https://www.bloomberg.com/graphics/2022-russian-billionaires-sanctioned-ukraine-war/">full article</a>.