According to French finance minister Bruno Le Maire, the severe economic sanctions against Russia following the attack on Ukraine are causing the collapse of the Russian economy.
Le Maire also said that a special investigative unit would be set up in France “to identify every Russian oligarch in France”.
Then their assets and possessions can be frozen and confiscated, according to the minister. “Thus, we will strike the heart of Russian power.”
The government of Russian President Vladimir Putin is largely based on the resources and power of wealthy entrepreneurs and their large companies. They are called oligarchs.
Many have funnelled assets from Russia to the West.