West may allow Russian oligarchs buy way out of sanctions

Western allies are considering whether to allow Russian oligarchs to buy their way out of sanctions and using the money to rebuild Ukraine, according to government officials familiar with the matter, Report informs referring to AP.

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.

“We would not be talking about this if there wasn’t some comfort on the part of the Ukrainians. the official said. “We need to know that it works for them, too.”