Sanctions on Russia’s oligarchs won’t work. The idea is that imposing sanctions of Putin’s oligarchs will cause them feel pain and do something about Putin. This is a US-centric view of how it works:
– In the US the oligarchs tell the government what to do. In Russia it’s the other way around. Putin tells the oligarchs what to do.
– BECAUSE this is how it works here, the US continues to allow oligarchs to hide their wealth behind anonymous “shell” corporations. So oligarch assets remain safe. Shell corporations owned by oligarchs can continue to buy real estate, art, etc.
– Also hidden assets of politicians, collected from oligarchs, remain safe.
President-elect Donald Trump owns a helicopter in Scotland.
To be more precise, he has a revocable trust that owns 99% of a Delaware limited liability company that owns 99% of another Delaware LLC that owns a Scottish limited company that owns another Scottish company that owns the 26-year-old Sikorsky S-76B helicopter, emblazoned with a red “TRUMP” on the side of its fuselage.
Sanctions on Russia’s economy are another matter.