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Why a billionaire Russian banker has given up his citizenship

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Billionaire Russian banker Oleg Tinkov has given up his citizenship because of the war in Ukraine

Tinkov founded the online Tinkoff Bank, which is one of Russia’s largest lenders, with approximately 20 million customers.

In the Instagram post denouncing his citizenship, Tinkov condemned “Putin’s fascism.” The post has since been taken down.

Tinkov is reported to be living in London, but is subject to UK sanctions.

He is urging other Russians to follow suit.

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