Financial Transparency Coalition

The sanctions against Russian oligarchs who hold billions of dollars have mostly failed to have a real impact beyond freezing a few yachts and properties.

A year ago, Russia’s invasion of Ukraine was seen as a historic opportunity to uncover hidden assets from Russian oligarch and other sanctioned entities and individuals.

The Financial Transparency Coalition (FTC) and the Independent Commission for the Reform of International Corporate Taxation (ICRICT) held a virtual event on Wednesday, 22 February 2023.

During the last decade, Russia has expanded its interests and presence in Africa by investing in the mining sector and increasing military support to fragile states, primarily through private military contractors and mercenaries.