![]() Shuvalov owns two flats, not five minutes walk from this house. Among them was Igor Shuvalov, Putin's former deputy prime minister. They dip their hands in the blood of Putin's war. Kier Starmer: Putin, summon to the Kremlin the (inaudible) who prop up his regime. In the House of Commons, last week, the opposition Labour Party leader, Kier Starmer, accused the government of failing to adequately target oligarchs who are selling their assets. Luke Vargas: So Britain has faced some criticism for not doing enough. So it's really putting the squeeze on people, and not allowing them to operate as they were able to before. They're not able to jet around from their apartment in Paris to their home in New York or London, and then back to Russia. And it really puts the squeeze on these people on the sanctions list so that they're not able to sail the world. Even some very high profile yachts being taken over by authorities in France. Basically, just of saying, "Hey, we know your asset is here, and we know that you're on our list, and we're going to freeze your asset. And what we've seen, really, in Europe is some countries going down to shipyards or going down to Marinas and actually freezing a yacht there, making sure that the owner wouldn't be able to take delivery if it was being serviced. And, well, they put freezes on their assets. So in the last couple of weeks, we saw the EU, the UK, the US targeting individuals, who they saw as having been enriched by the Russian state. But what are European countries doing now to go after oligarchs? Well, we have been reporting on sanctions against members of the Russian government, as well as various Russian firms that are connected to the Kremlin. Margot Patrick: Hi, thank you for having me. I'm Luke Vargas from the Wall Street Journal, and I'm joined now by Journal reporter, Margot Patrick, who's been tracking this story. Now comes the fire sale, though, as some oligarchs seek to unload their assets while they still can. ![]() ![]() Many of these wealthy Russians are sitting in plain sight in cities like London, where the luxury real estate market is largely fueled by their money. Luke Vargas: As Western nations seek to punish Russia for its invasion of Ukraine, Russia's oligarchs with ties to the Kremlin are coming under increasing scrutiny. This version may not be in its final form and may be updated. ![]() This transcript was prepared by a transcription service. ![]()
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