What are Russian Oligarchs? And what are the sanctions against them?

What are Russian oligarchs? And what is the status of sanctions against them? What could cause the sanctions to backfire?

The term "oligarch" refers to a rich, powerful businessperson who has significant control over the economy. The reason they're so influential and important is because they have a lot of money, which allows them to influence decisions that affect the rest of society. In recent years there's been increasing focus on these people in Russia - especially those with close ties to Putin - and how their interests coincide with Western countries' interests as well as those in other parts of the world.

In this video I'll talk about what an oligarch is, what the sanctions are against the Russian oligarchs, and whether or not these sanctions will have the intended effect.

00:00 Intro
00:30 What is the goal of the sanctions?
01:18 What is an Oligarch?
03:27 How much wealth do the Oligarchs have?
04:10 How many Oligarchs are there and have been their losses?
07:33 How much is Vladimir Putin worth?
09:02 What are the sanctions against Oligarchs?

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ABOUT ME: I've hosted a personal finance TV show on the Oprah Winfrey Network, used to be a stockbroker, went to school to become a racecar driver (failed), founded a fintech company that provides financial planning software to financial advisors who want to help more people who don't have lots of money, and I consult with wealth management companies on commercializing applications of behavioral finance. I'm also quite fond of donuts.

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#oligarchs #sanctions #russia

[ovalwingnut]

Now that was 12 mins well spent. I am more well informed on this subject than I would have ever guessed. You are a good human. 125 points awarded. Cheers.

[dianekoziol]

Great explanation. So clearly presented for us!

[colleenverdon]

Your explanations are so clear and easy to understand, even for someone (like me) who has little knowledge or interest in economics. What an excellent speaker you are! It was fascinating, I learned a lot! Thank you.

[tamo]

Explained so clearly! Thank you for this video! Very informative!

[MariaFerreira-gjxu]

Explained with extrordinary clarity and to the point. Thanks

[dvprao]

The other day, somebody asked me about this concept. from now on I will simply forward this be done with it. Well done!

[saminderpaulsinghmokha]

Thank you Preet, a very good explanation!

[maryankitsenko]

As a Ukrainian volunteer from Kyiv, thank you!

[sunflowertomorrow]

Wow, it’s great to discover your channel during this very confusing time! 🙏

[chrismason]

Very interesting. This needs to go viral.

[carynvonblankenburg]

Thank you for your presentation.
Sanctions SEEM to be harmful to bad guys, but I've yet to see any in my lifetime that haven't harmed the working stiff far worse.withe the bad guys still in power.
I pray we don't put our troops in another countries conflict as we have for 60 years..I lost my husband in Iraq, years after we should've left. It's sad for everyone except the offenders.

[abrvalg]

The only problem I have with this sort of sanctions is that London was willing to accept stolen or corrupted money for 30 years.

[maxcarter]

Well spoken, well done. Canada. Facts vs speculation mean a lot these days. Thank you.

[gairoonagi]

A very informative and education video. Thank you.

[VM-ydzq]

When assets are seized or “frozen”, who takes the money? Where do these funds go; how can it be certain they are used to aid a humanitarian effort?

[josephsonachi]

Bestest lecturer with genuine explanation!!!

[seanhewlett]

Absolutely fantastic content as always!

[ZezimaTruth]

Thank you. I keep hearing this word being thrown around

[janettawallace]

Quite interesting info . Thanks for doing this. Learned something new.

[sebastianmendonca]

Excellent video Sir & Hats off to You . God Bless !