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Mar 3 • 4 tweets • 2 min read
More UK oligarch sanctions – this time against Alisher Usmanov, once lauded around the world as a skilled investor, and Igor Shuvalov, a longtime official with an opulent real estate portfolio
Sanctions like this were the sort of thing Alexei Navalny spent years crying out for.

“Greedy lawyers have been living off [Russian money] for decades. MPs can’t do anything because Britain is run in such a way that it loves dirty money.”

ft.com/content/e03743…
The US sanctions on Usmanov actually cite Navalny’s 2017 Medvedev investigation
US going after Usmanov’s yacht and jet

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More from @maxseddon

max seddon Profile picture
Mar 3
Putin speaking to his security council.

"I will never abandon my conviction that Russians and Ukrainians are one people [...] but the way the battle is going shows we are fighting neo-Nazis."

He claims Ukraine is using civilians and foreigners as "human shields." Image
Essentially Putin is responding to the international criticism of the huge civilian toll of the war in Ukraine – even from allies – by saying it’s all Ukrainians Nazis who did it. “Our soldiers and officers are trying to prevent civilian casualties and suffer losses themselves.”
Significant that Putin is publicly addressing the Russian casualties in Ukraine. Families are getting payouts of as much as 7m rubles (about $65,000)
Read 6 tweets
max seddon Profile picture
Mar 1
The war censorship crackdown begins. Russian prosecutors want to ban independent channel @tvrain and liberal radio station @EchoMskRu (owned by Gazprom!) for "calls to extremism" and "publishing false data about Russian soldiers" during the war in Ukraine

t.me/rian_ru/150148
@tvrain @EchoMskRu Ekho Moskvy has been turned off the airwaves already, according to editor @aavst
Ekho is still broadcasting on YouTube and going out in classic fashion – with a lengthy Ekaterina Schulmann interview Image
Read 5 tweets
max seddon Profile picture
Feb 28
Putin is chairing his emergency economic meeting to respond to US, UK, and EU sanctions. He calls the west “the empire of lies”
The table is extremely long but the economic team are all crunched together as far away from Putin as possible
Look, it's one thing when Macron is sitting opposite you, but there are seven people at the other end of this table. How does he know which one is speaking? If they snicker and pass notes, can he see them?
Read 5 tweets
max seddon Profile picture
Feb 28
The ruble, which was already at a historic low, down almost 30% so far. Russia's central bank is pushing back trading several hours ahead of what is likely an even bigger crash. We are truly in uncharted territory here.
I can't overstate how unprecedented this is. The ruble was at 25 to the dollar pre-2014 and 60 after the oil crash that year.

Most Russians don't have savings. 20m are in poverty. Migrants send remittances to Central Asia. It's ordinary people who will really suffer.
The idea is sanctions will make Putin change course. But we're eight years in and he's given no sign he'll do anything but double down. And they're easy to spin as a hostile measure from the west, which Russians will blame for the huge suffering they're about to go through.
Read 5 tweets
max seddon Profile picture
Feb 27
Putin is meeting defense minister Shoigu and chief of general staff Gerasimov in the Kremlin.

He says western sanctions are "illegitimate" and has ordered to place Russia's deterrence – i.e. nuclear – forces on "a special regime of duty," per @tass_agency
@tass_agency Putin: "Western countries aren't only taking unfriendly economic actions against our country, but leaders of major Nato countries are making aggressive statements about our country. So I order to move Russia's deterrence forces to a special regime of duty."
@tass_agency This isn't the first time this week Shoigu has looked visibly uncomfortable at the orders he's taking from Putin
Read 7 tweets
max seddon Profile picture
Feb 27
Billionaire Mikhail Fridman has called the war in Ukraine a “tragedy” and called on the “bloodshed” to end.

Fridman – who’s from Lviv, where his parents live – is the first oligarch to speak out.

Scoop with @DanielThomasLDN @ArashMassoudi

on.ft.com/3plZAXh
Fridman didn’t mention Putin by name or blame Russia for starting the war. But his voice matters: he co-owns the largest private bank, biggest supermarket chain, and a major mobile carrier in Russia. His partner Petr Aven was at the oligarch meeting with Putin on Thursday
A second Russian oligarch has spoken out against Russia's war in Ukraine, and it's not who you'd expect: the virulently pro-Putin, US-sanctioned Oleg Deripaska.

"Peace is very important! Negotiations should begin as soon as possible!"

t.me/olegderipaska/…
Read 4 tweets

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