Oligarchs

Treasury requires companies to freeze assets and transactions of sanctioned individuals and to report any frozen interest they have within 10 business days.

Citigroup oversaw US$1 billion in deals for trust while sanctioned oligarch held concealed interest

Treasury can fine companies that break sanctions whether they realise it or not, and in some previous cases, civil fines have run into the hundreds of millions of US dollars

2025-08-12T00:39:56.000Z

Tech moguls (from left) Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk attending Donald Trump's inauguration. Trumpism may represent the peak of the political cult of entrepreneurs.

Opinion & Features

LIFE & CULTURE

The political cult of the entrepreneur

Is what’s good for America’s richest men also good for America?

2025-01-30T21:00:00.000Z

From left: Mark Zuckerberg, CEO of Meta Platforms; Lauren Sanchez, Jeff Bezos' fiancee; Jeff Bezos, founder of Amazon.com.; Sundar Pichai, CEO of Alphabet; and Elon Musk, CEO of Tesla, at the presidential inauguration in the US Capitol in Washington, DC, on Jan 20.

Opinion & Features

Donald Trump’s America will not become a tech oligarchy

Reasons not to panic about the tech-industrial complex

2025-01-22T11:00:00.000Z

Led by Elon Musk (left), US tech bosses have been filing into Mar-a-Lago to trade favours with Trump (right) and donate to his inauguration fund.

Opinion & Features

THE BROAD VIEW

A lesson for oligarchs: politics can be deadly

The emergence of a powerful tech elite close to Donald Trump has jarring echoes with Russia

2025-01-17T13:28:55.000Z

Rybolovlev, 57, is reportedly worth US$6.4 billion, having built his fortune in potash fertiliser.

Lifestyle

Sotheby’s defeats Russian oligarch in art fraud case

A FEDERAL jury in the US on Tuesday (Jan 30) ruled in favour of Sotheby’s, at a trial in which Russian billionaire oligarch Dmitry Rybolovlev accused the auction house of defrauding him out of tens of...

2024-01-31T02:46:59.000Z

A volunteer cooks for people at a humanitarian centre in Bakhmut, Ukraine. While oligarchic capitalism persists in the country, its civil society is pushing back.

Opinion & Features

THE BROAD VIEW

When civilisational models collide

Oligarchic capitalism and civil society are at odds in the Russia-Ukraine war – and in the Western world

2023-03-10T06:00:00.000Z

Opinion & Features

THE BOTTOM LINE

Why petulant oligarchs rule our world

The cult of the genius entrepreneur has done a lot of damage

2022-12-20T05:45:31.000Z

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