Business

When £500,000 Isn’t Enough To Represent A Sanctioned Oligarch

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The UK has sanctioned more than 1,200 individuals and entities since Russia’s invasion of Ukraine, imposing an asset freeze on their finances. But in the face of a mounting backlog of requests from sanctioned tycoons, the government agency in October brought in a general license allowing them to pay their legal fees, which is capped at £500,000.



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