December 3, 2022

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Oleg Tinkov renounces Russian citizenship due to the war in Ukraine

Oleg Tinkov renounces Russian citizenship due to the war in Ukraine


London / Hong Kong
CNN Business

Oleg Tinkov, founder of a major Russian digital bank, has renounced his Russian citizenship Protesting the war in Ukraine.

“I have made the decision to leave my Russian citizenship,” Tinkov announced in an Instagram post on Monday alongside a photo of a certificate confirming his decision, dated October 26.

The post has since been deleted, but photos of it have been circulating on social media and published by Russian state media.

“I cannot and will not be associated with a fascist state that has started a war with its peaceful neighbor and kills innocent people daily,” Tinkov wrote.

Tinkoff, who founded Tinkoff Bank in 2006, earlier this year launched Russia’s “crazy war” in Ukraine. he is It was one of 65 individuals and entities sanctioned by the United Kingdom on 24 March for “supporting the illegal Russian invasion”.

Tinkoff recently sold his 35% stake in TSC parent company Tinkoff Bank to a company controlled by Russian billionaire Vladimir Potanin. Before the sale, Tinkoff’s fortune was estimated at $3.5 billion, according to the Bloomberg Billionaires Index.

Another billionaire from the financial services tycoon also cut ties with Russia because of the war.

The British company said on Tuesday that Nikolai Storonsky, co-founder and CEO of Revolut, renounced his Russian citizenship earlier this year, confirming a report in The Telegraph.

“His position on the war is public: the war is absolutely abhorrent and he remains resolute in calling for an immediate end to the fighting,” a Revolut spokesperson said.

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