Sanctions highlight money flow from Russian Jewish billionaires to Jewish nonprofits

Sanctions highlight money flow from Russian Jewish billionaires to Jewish nonprofits Hello people in the world, today Random Find Truth will provide information about the correctness and important updated opinions that you must read with the title Sanctions highlight money flow from Russian Jewish billionaires to Jewish nonprofits that has been Random Find Truth analysis, search and prepare well for you to read all. Hopefully information from Random Find Truth about Articles Prophecy, the Random Find Truth write you can make us all human beings who are knowledgeable and blessed for all.

Title : Sanctions highlight money flow from Russian Jewish billionaires to Jewish nonprofits
Link : Sanctions highlight money flow from Russian Jewish billionaires to Jewish nonprofits

JTA — Jewish communities in Ukraine received a $10 million gift from a perhaps unlikely source Monday: a charitable organization founded by three Russian Jewish oligarchs who are being accused of having supported the regime of Russian President Vladimir Putin.

The donation is small for the three billionaires behind Genesis Philanthropy Group — Mikhail Fridman, Petr Aven and German Khan — who are together worth $21 billion. But it is significant in part because it signals daylight between them and Putin, who on Thursday invaded Ukraine and plunged the region into crisis.

The gift is also significant because it comes as the West determines whether and how to penalize Putin’s allies by targeting their wealth. A day after the gift’s announcement, the European Union added Fridman, Aven and several other Russian businessmen to its sanctions blacklist as part of its response to Russia’s invasion of Ukraine.

“With these additional sanctions, we are targeting all who are having a significant economic role in supporting Putin’s regime, and benefit financially from the system,” EU foreign policy chief Josep Borrell said in a statement. “These sanctions will expose the wealth of Putin’s elite. Those who enable the invasion of Ukraine will pay a price for their action.”

The billionaires who face sanctions include a number of prominent Jewish philanthropists, whose giving is vital to the organizations they support but may get ensnared by financial sanctions as the West seeks to isolate Putin and his supporters. READ MORE