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May 2, 2022

Russian oligarch banker Oleg Tinkov put out an Instagram post criticizing Putin’s invasion of Ukraine, and just a day later, Putin’s administration threatened to nationalize his bank unless Tinkov unloaded his 35% stake to a Putin-friendly mining billionaire. Tinkov took a massive financial loss in the deal and described it as a hostage situation where the Kremlin forced him to take whatever deal was on the table.
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