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Sanctioned Russian oligarchs and billionaires ‘Have only one option’—bitcoin

2022/03/03 07:46

According to Forbes, Russian oligarchs and billionaires hit by severe financial restrictions following the country's invasion of Ukraine are turning to bitcoin, according to a London-based lawyer. "The immediate problem they have is where they're going to move their cash, they certainly don't want to move it into Russia," Nigel Kusher, the chief executive law firm W Legal, said, who's working with a number of unnamed wealthy Russians. "Some might purchase bitcoin, it's really tricky for them," Kusher said, adding it's "the only option" for certain Russian oligarchs and billionaires targeted by international sanctions.
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