Wall Street Journal: “For decades, Russia’s ultrarich have flocked to the city once dubbed Moscow-on-Thames, snapping up high-end houses, sending children to elite private schools and leveraging the capital’s status as a global financial hub.”
“London’s allure for oligarchs has faded in recent years amid increased hostility between the West and Moscow. However those oligarchs have left a long trail of property and family that still makes them a potential pressure point for the Russian government.”
“It is unclear how far the U.K. government will go to squeeze them amid fears it will damage the attractiveness of its financial center.”
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