Russian sanctions: Finland seizes billionaire ‘Maltese’ citizen’s assets – The Shift News

Arkady Volozh, a Maltese citizen since 2016, was sanctioned by the EU for, among other things, supporting Russia’s Ukraine invasion ‘materially, financially and through his media’

The Finnish authorities, acting on EU sanctions levied against Russian oligarchs and friends of the Kremlin in June, have seized the assets in Finland of Russian billionaire and Maltese-citizen-since-2016 Arkady Volozh.

The Finns were acting on EU sanctions against Yandex founder Arkady Volozh, who acquired Maltese citizenship in 2016 through the highly contentious Individual Investor Programme, known as the cash-for-passport scheme.

The Maltese-Russian oligarch, best known for co-founding the top Russian internet search engine, Yandex, is known to have close ties to the Kremlin and Vladimir Putin.

In fact, just two years after acquiring his Maltese citizenship Volozh featured on the so-called ‘Kremlin list’ that the US government published in January 2018. The list identified 96 Russian oligarchs and 114…

Read Full Story: https://theshiftnews.com/2022/09/26/russian-sanctions-finland-seizes-billionaire-maltese-citizens-assets/

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