The West’s sanctions campaign is going after Russia’s oligarchs — but it won’t be easy
Summary
As Western democracies expand their coordinated sanctions targeting Russia, they’re also moving against an elite group of Russian billionaires — the oligarchs — in an effort to pressure Russian President Vladimir Putin to pull out of Ukraine. “We don’t have […]
More On Canada news
- Diageo to build carbon neutral Crown Royal distillery in Ontario
- Biden signs order on cryptocurrency as its use explodes
- German govt produces new legal framework for pandemic rules
- Ukrainians flee some besieged cities as conditions worsen
- Ontario to lift mask mandates in most indoor settings on March 21, reports say


As Western democracies expand their coordinated sanctions targeting Russia, they’re also moving against an elite group of Russian billionaires — the oligarchs — in an effort to pressure Russian President Vladimir Putin to pull out of Ukraine.
“We don’t have a clear idea of just how wide, just how broad or just how deep these oligarchic investments have gone in Canada or frankly, anywhere else,” Michael Casey, an author and investigative journalist who specializes in money laundering, told CBC Radio’s The House.
“And that’s for a relatively simple reason. We have seen industry after industry … offering not just investments, not just ease of access, but especially anonymity.”
Deputy Prime Minister and Finance Minister Chrystia Freeland told reporters this week that she is imposing sanctions on some oligarchs while also looking into what they own in Canada.