Russian Tycoon Criticized Putin’s War. Retribution Was Swift.

The New York Times (NYT) (05/01/2022)
  • On April 19th, Oleg Tinkov (founder of Russian bank Tinkoff) made an emotional anti-war Instagram post harshly criticizing Russia’s invasion and military.
  • Shortly after, Putin’s administration ordered Tinkoff to cut ties with Tinkov or face nationalization.
  • Tinkov’s previously estimated net worth ($9B) largely derived from his 35% stake in Tinkoff.
  • Tinkov claims he was forced to sell his stake last week at 97% below market value.
  • While he’s been outside of Russia since 2019 (leukemia treatment), close contacts warn Tinkov still faces physical danger.