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Fortune
Fortune
Chris Morris

Russian president Vladimir Putin has no sympathy for oligarchs who have lost their billions as Ukraine war criticism grows

(Credit: Getty Images)

Russian president Vladimir Putin, who has previously had a friendly relationship with the country’s oligarchs, has seemingly changed his mind about the country’s richest citizens.

In his address to Russia’s parliament, Putin took a rancorous tone to the elites, saying the sanctions they have faced since the start of the Ukraine war are the price tag for their Western relationships and labeled them as traitors to the Russian state.

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