Direct War in Ukraine, latest news
The Russian oligarch
Mikhail Fridman , owner of the
Dia
supermarkets,
assures in an exclusive interview with
Bloomberg
that after the sanctions imposed by the Russian invasion in Ukraine he is ruined.
Fridman
, 57, was born and raised in the Soviet Union, in the city of
Lviv
, in modern-day western
Ukraine
.
He was a first wave oligarch, who made a fortune in banking and energy before the rise to power of
Vladimir Putin
.
"I know every corner of Lviv," he assures
Bloomberg
.
"I always thought Ukraine would resist."
The day the invasion began, according to the newspaper,
Fridman
was in Moscow on a business trip.
He quickly returned to London, where he spent the next few days fielding frantic calls from the
Ukraine
.
He and his partners own one of the country's largest banks and have a stake in
Ukraine
's largest telecommunications operator , KyivStar.
The message he sent to his executives was clear: he uses all the company money he needs to ensure the safety of employees and their families.
Four days after the
invasion
, he was dragged out of a meeting by his lawyer with the news that the EU had sanctioned him and his business partner,
Petr Aven
.
The lawyer listed what those sanctions entailed: travel bans, frozen accounts.
"He was in shock. He barely understood what he was saying," he says.
“I have never been in any state company or state position,” he says.
"If the people who are in charge in the EU think that because of the sanctions I could go up to
Putin
and tell him to stop the war, and it will work, then I'm afraid we all have a big problem. That means those who are taking these decisions do not understand anything about how
Russia
works . And that is dangerous for the future," he adds.
Fridman
had a fortune valued at
$14 billion before the war
, according to
Bloomberg
.
He is now worth around 10 billion and finds himself in the strange position of being a cashless oligarch.
When the UK and EU sanctioned
Fridman
on March 15, his last working bank card in the UK was frozen.
"
I don't know how to live
," the businessman told Bloomberg.
"I don't know. I really don't know," he insists.
The billionaire, who lives in the UK, has an allowance of
2,500 pounds (3,000 euros)
a month and must apply for a license to spend money.
"My problems are nothing compared to their problems," he says, referring to Ukrainian citizens.
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