From Russia with cash

Today, Explained

Vox

News, Daily News, Politics

4.3 • 10.3K Ratings

🗓️ 21 June 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oligarchs from Russia and beyond stash their cash in British banks, which play a central role in the global offshore economy. This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Victoria Dominguez, engineered by Paul Mounsey, and hosted by Noel King. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	It's today explained I'm Noel King when Russia invaded Ukraine.
0:08.5	The United States and the international community decided to go after Russia's oligarchs.
0:14.2	The really rich guys who often made their money in really corrupt ways.
0:19.1	Reporters went to Dubai to track luxury apartment purchases and to Italy to track down
0:24.2	yachts.
0:25.8	Later Oliver below who spent a good part of his life on the crooked Russian oligarch
0:29.9	beat did not have to go very far at all.
0:33.0	You can write about Russian corruption really well without leaving the UK.
0:37.2	In fact, I think you can probably write about it more accurately without leaving the
0:41.6	UK because all the money ends up here.
0:43.5	It ends up in London.
0:45.0	Maybe stolen from over there, but it ends up here.
0:47.8	The oligarchs and the accountants and the lawyers and the developers who serve them.
0:53.7	Coming up.
1:07.4	It's today explained I'm Noel King.
1:09.6	oligarchs have been in a lot of trouble since Russia invaded Ukraine.
1:13.2	Their yachts have been seized.
1:15.0	Their jets have been seized.
1:16.7	Their assets have been frozen.
1:19.2	Oliver below's new book Butler to the World is about how the British have been quietly
1:23.5	assisting oligarchs for decades.
1:26.0	Oliver is interested in all of this because he started his career as a reporter and a writer
	...

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