Categories: Top StoriesWorld

Oligarch renounces Russian citizenship over Ukraine war

The billionaire banker and entrepreneur Oleg Tinkov has renounced his Russian citizenship because of the conflict in Ukraine, which he has previously criticised.

 

Advertisement

“I have taken the decision to exit my Russian citizenship. I can’t and won’t be associated with a fascist country that started a war with their peaceful neighbour and killing innocent people daily,” Tinkov said.

“I hope more prominent Russian businessmen will follow me, so it weakens Putin’s regime and his economy, and put him eventually to defeat,” he wrote on Instagram.

Advertisement

He shared an image of a certificate confirming the “ending” of his Russian citizenship. “I hate Putin’s Russia, but love all Russians, who are clearly against this crazy war!” Tinkov wrote.

 

Advertisement

The colourful billionaire is one of Russia’s best-known self-made tycoons and founded the online Tinkoff Bank. The bank is one of Russia’s largest lenders, behind state giants Sberbank and VTB. Tinkoff has about 20 million customers.

Tinkov, 54, has strongly criticised Russia’s offensive in Ukraine, describing it as an “insane war” as he called on the west to end the “massacre”.

Advertisement

He has also been targeted by British sanctions imposed soon after the conflict began in late February.

He was previously arrested in London in 2020 on charges of tax evasion in the US. He was later released on bail and treated for leukaemia in London.

Advertisement

He quit his role as CEO of Tinkoff in 2020 and the bank has distanced itself from his comments.

Advertisement
Sola Adeyemo

Recent Posts

Serving NYSC members can apply – FIRS gives update on recruitment exercise

The Federal Inland Revenue Service has announced that servicing National Youth Service Corps members can…

12 hours ago

Supreme Court allows Pennsylvania to count contested provisional ballots, rejecting Republican plea

DOYLESTOWN, Pa. (AP) — The Supreme Court on Friday rejected an emergency appeal from Republicans that could…

12 hours ago

New Zealand introduces new visa category to support seasonal workers in 2025

International job seekers can now find temporary work in New Zealand. The government has introduced…

12 hours ago

Oluremi Tinubu Must See Young, Malnourished Detainees As Her Own Children, CISLO

The Civil Society Legislative Advocacy Centre (CISLAC) has condemned the detention and reported maltreatment of…

12 hours ago

Electricity Consumers Demand Disconnection Over Rising Tariffs

Many consumers have requested electricity distribution companies also known as DisCos to disconnect them from…

12 hours ago

EFCC arrests Edo Accountant-General, others ahead of Gov Obaseki’s handover

The Economic and Financial Crimes Commision, EFCC, has arrested the Edo State Accountant General, Mr.…

12 hours ago