The rise and fall of Russia's Oligarchs
They're best known in the West for owning football clubs, newspapers and big yachts. But who are they, how did they come to be so wealthy and how much influence do they have?
The UK, EU, and US governments have responded to Russia's invasion of Ukraine with tough sanctions against the billionaire businessmen perceived to be in President Vladimir Putin's inner circle. Mr Putin has warned his allies for many years they should protect themselves against such measures, particularly as relations soured with the US and EU countries after the annexation of Crimea. But while some of those closest to him took his advice and remained invested in Russia, others kept their money in palatial properties overseas and football clubs, and their companies remained listed on foreign stock exchanges. They now find themselves scrambling to hold on to their assets amid the most comprehensive economic penalties imposed in the modern era. The Βι¶ΉΤΌΕΔ's Daniel Sandford was Moscow Correspondent for four years between 2010 and 2014. He met a number of these men and explored the world they live in. For 5 Minutes On, he reflects on the rise and fall of Russia's Oligarchs.
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