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> we’ll, that’s why those oligarchs own those properties, to protect their wealth from Putin. By no means all London-investing oligarchs are on the run from Pu
by unfocussed_mike 5y ago
> we’ll, that’s why those oligarchs own those properties, to protect their wealth from Putin.
By no means all London-investing oligarchs are on the run from Putin; several are close, like Roman Abramovich.
Other oligarchs could well be investing Putin's huge fortune on his behalf. Either way there is considerable concern over the long term corrupting effect of this capital (and its influence over those who cast a blind eye over its arrival, in the Tory party and elsewhere)
> Hardly surprising as it mostly comes from Marxists.
Not sure I bothered replying if this is your angle, mind you.
But here's a non-Marxist view of the threat to sanctions, enforcement, and corrupt influence presented by the London Laundromat:
https://en.wikipedia.org/wiki/Russian_interference_in_British_politics https://en.wikipedia.org/wiki/Russian_interference_in_Britis...
The chair of that committee has announced he would seek election as prime minister if there's a Tory leadership campaign.
Here he is again:
https://inews.co.uk/news/politics/uk-stop-russians-laundering-criminal-money-london-ukraine-conflict-1426247 https://inews.co.uk/news/politics/uk-stop-russians-launderin...
To quote from that article, it's about Putin-adjacent cash: When the intelligence and security committee released its 2020 Russia report, it concluded - as many campaigners warned - that Russians who owed their fortunes to connections with President Putin and the Kremlin had embedded themselves in London assets using suspect money from the state.
Money is speech, remember. All that cash is influence, it's not just hiding.
Here's the US angle on our situation in the UK:
https://www.independent.co.uk/news/uk/home-news/russia-ukraine-us-government-sanctions-b2002591.html https://www.independent.co.uk/news/uk/home-news/russia-ukrai...
Here's the Economist:
https://www.economist.com/the-economist-explains/2022/02/04/why-does-so-much-dodgy-russian-money-end-up-in-britain https://www.economist.com/the-economist-explains/2022/02/04/...
Here's a discussion of pressure from a Lib Dem peer (hardly Marxist):
https://www.theguardian.com/world/2022/jan/30/calls-for-uk-to-suspend-golden-visas-after-fast-tracking-of-russian-millionaires https://www.theguardian.com/world/2022/jan/30/calls-for-uk-t...