Russian tycoon Oleg Tinkov renounces citizenship over Ukraine war | Russia-Ukraine war News

Billionaire banker says he won’t be related ‘with a fascist nation’ that’s ‘killing harmless individuals every day’.

Russian billionaire Oleg Tinkov says he has determined to surrender his citizenship due to the battle in Ukraine, which he had beforehand criticised as “loopy”.

“I’ve taken the choice to exit my Russian citizenship. I can’t and received’t be related to a fascist nation, that began a battle with their peaceable neighbour and killing harmless individuals every day,” Tinkov wrote on Instagram on Monday.

“I hope extra outstanding Russian businessmen will observe me, so it weakens [President Vladimir] Putin’s regime and his financial system, and put him ultimately to defeat,” added the 54-year-old, who has been based mostly outdoors Russia in recent times.

The banking tycoon shared an image of a certificates confirming the “ending” of his Russian citizenship.

“I hate Putin’s Russia, however love all Russians who’re clearly in opposition to this loopy battle!” Tinkov mentioned, based on AFP information company.

Tinkov is the founding father of the net Tinkoff Financial institution, considered one of Russia’s largest lenders counting some 20 million prospects. He additionally owns about 35 p.c of Cyprus-based TCS Group Holding, whose secure of firms beneath the Tinkoff model spans sectors from banking and insurance coverage to cell providers.

In April, Tinkov had claimed that 90 p.c of his countrymen had been in opposition to Putin’s choice to invade Ukraine in late February and referred to as on Western leaders to assist finish the “bloodbath”.

Tinkov has been focused by British sanctions imposed quickly after the battle started.

He was beforehand arrested in London in 2020 on prices of tax evasion in the US. He was later launched on bail and handled for leukaemia in London.

He stop his position as Tinkoff CEO in 2020 and the financial institution has distanced itself from his robust criticism of the battle.