Monday, October 31, 2022

Oleg Tinkov, Former Banking Tycoon, Renounces Russian Citizenship Over Ukraine.

THE NEW YORK TIMES: The multimillionaire said on Instagram that he “can’t and won’t be associated with a fascist country.”

Russian business tycoon Oleg Tinkov in 2019.Credit...Maxim Shemetov/Reuters

Oleg Y. Tinkov, the former banking tycoon who broke with the Kremlin over the war in Ukraine, said on Monday that he had renounced his Russian citizenship.

“I can’t and won’t be associated with a fascist country, that started a war with their peaceful neighbour,” Mr. Tinkov, who is also a citizen of Cyprus, wrote on Instagram. “It is a shame for me to continue to hold this passport.”

Mr. Tinkov became the latest Russian-born mogul to renounce his citizenship, a move that critics say may not only be a statement of principle but also an effort to avoid sanctions or soothe potential business partners who are wary of dealing with Russians.

Nikolay Storonsky, the co-founder of the London-based financial start-up Revolut, renounced his Russian citizenship and finds the war in Ukraine “totally abhorrent,” the company said recently. Yuri Milner, the billionaire tech investor, posted on Twitter on Oct. 10 that he and his family had “completed the process of renouncing our Russian citizenship” after leaving Russia “for good” in 2014. » | Anton Troianovski | Monday, October 31, 2022