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Wednesday, March 29, 2023

Londongrad: This is how Russian oligarchs circumvent the sanctions

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On the “Kleptocracy Tour”, a city tour to the most expensive and largest mansions in London, you will mainly see high walls, fences and cameras. Sanctions were imposed on some of these estates and their Russian owners – but that’s how it was for the time being. British law offers gigantic loopholes for the oligarchs.

London’s second largest private home is in the Highgate district. Only Buckingham Palace is larger, but unlike the famous official seat of the royal family, Witanhurst, with its 65 rooms, you won’t find it in any travel guide. It’s hard to find at all, even if you’re almost in front of it. High walls surround the property, behind which is an impenetrable green wall of trees and shrubs designed to block any view of the 4.5 hectare property. The message: keep out – no entry.

Source: Stern

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