West to allow Russian Oligarchs to buy their way out of sanctions

Moscow, May 28: Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and use the money to rebuild Ukraine, according to government officials familiar with the matter.

 

 

 

Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland proposed the idea at a G-7 finance ministers' meeting in Germany last week. Freeland raised the issue after oligarchs spoke to her about it, one official said. The Canadian minister knows some Russian oligarchs from her time as a journalist in Moscow.

 

 

 

The official said the Ukrainians were aware of the discussions. The official said it's also in the West's interests to have prominent oligarchs dissociate themselves with Russian President Vladimir Putin while at the same time providing funding for Ukraine.

 

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The officials spoke on condition of anonymity as they were not authorized to speak publicly about internal G-7 discussions.