Overview
The Wall Street Journal quoted Alexandra Melia in a February 23 article titled "Sanctions Threaten U.K.'s Position as Playground for Russian Oligarchs."
The article discusses the impact of the first set of sanctions brought by British Prime Minister Boris Johnson against oligarchs in response to Russian incursions into eastern Ukraine. The piece explains it is unclear how far the UK government will go to squeeze Russian oligarchs in the country amid fears it will damage the attractiveness of its financial center.
Melia told The Wall Street Journal, "It remains to be seen how aggressively the UK government uses these powers." Adding that UK sanctions could, for instance, be applied to British offshore locations including the British Virgin Islands and the Cayman Islands, potentially freezing a chunk of offshore Russian wealth.
The full article can be read at Wall Street Journal (subscription required).
