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Pecunia non olet*
24/3/18 20:17![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
fridi* "Money doesn't smell".
That's the essence of the question why Britain is only half-assedly (sic?) imposing sanctions to Russia. Why don't they crack down heavily on Russian assets in the UK if they're really so upset with Putin? As usual, the answer is pretty cynical...
UK is infused with Russian money, making a crackdown hard
There are about 20,000 Russian millionaires and billionaires currently residing in Britain. Most of them oligarchs. Most of the money is stolen from Russia. If Britain was really, but REALLY about honesty, it would've cracked down on those Russians. THAT would've hurt Putin in a real way, not loading a few dozen diplomats on buses and sending them on a flight back home. That's just cheap circus, under the pretense of "proportional reciprocity".
In reality, the bulk of all that Russian wealth is being poured into the British economy via British banks and investment funds, which help sustain the British market (mostly the real estate one, and the luxury items market). As you might have surmised by now, none of that money ever makes it to the ordinary Briton. The British people don't directly benefit from it.
( There is more )
That's the essence of the question why Britain is only half-assedly (sic?) imposing sanctions to Russia. Why don't they crack down heavily on Russian assets in the UK if they're really so upset with Putin? As usual, the answer is pretty cynical...
UK is infused with Russian money, making a crackdown hard
There are about 20,000 Russian millionaires and billionaires currently residing in Britain. Most of them oligarchs. Most of the money is stolen from Russia. If Britain was really, but REALLY about honesty, it would've cracked down on those Russians. THAT would've hurt Putin in a real way, not loading a few dozen diplomats on buses and sending them on a flight back home. That's just cheap circus, under the pretense of "proportional reciprocity".
In reality, the bulk of all that Russian wealth is being poured into the British economy via British banks and investment funds, which help sustain the British market (mostly the real estate one, and the luxury items market). As you might have surmised by now, none of that money ever makes it to the ordinary Briton. The British people don't directly benefit from it.
( There is more )
