Russian Oligarchs: News - Page 4

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Ukraine's plan to close Russia's airspace — what we know

Ukraine wants to close Russia's skies and has a plan to do it. In an announcement on Sept. 1, President Volodymyr Zelensky gave few details about what it would entail, other than making clear it would involve lots of drones. "There will simply be drones in Russia's skies on a scale that has to be taken into account," he said, as he warned "every airline that uses Russian airspace" against flying over the country. "The Russian sky will be de facto closed," he added. The following day, the pre

President Volodymyr Zelenskyy in Kyiv, Sunday, Aug. 23, 2026.

About Russian oligarchs

Russian oligarchs amassed their wealth through post-Soviet privatization and often maintain close ties with the government of President Vladimir Putin. As a result, Western countries have sanctioned dozens of oligarchs following Russia's full-scale invasion in February 2022, freezing assets including yachts, real estate, and financial holdings. Targeted individuals include Roman Abramovich, Alisher Usmanov, and others accused of enabling Russia's war economy.

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