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With eyes on 'Londongrad,' U.K. seeks to overhaul ties to Russian oligarchs

Omersukrugoksu/Getty Images(LONDON)  To Daria Kaleniuk, a Ukrainian anti-corruption activist, Russian President Vladimir Putin "has two armies." "One is visible and obvious, it operates in Ukraine," Kaleniuk said Wednesday during a congressional hearing in Washington. "But another army is invisible." As Ukrainian forces fight to defend their country from Russia's protracted invasion, experts say a second battle is being waged in London. In the 22 years since Putin swept into power, many in Russia's billionaire class have gone abroad. Critics say in many cases it is to launder their money and reputation, finding a home in friendly real estate markets and cultural hubs. Now, the wealth they've amassed abroad has come under great scrutiny. According to the anti-corruption NGO Transparency International, at least £1.5 billion ($1.9 billion) worth of U.K. property is owned by Russians with links to the Kremlin or those suspected of financial c ....

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Transcripts for BBCNEWS BBC News at One 20220322 13:15:00

About the effectiveness of sanctions imposed since the invasion of ukraine began, as andy verity reports. he s been described as one of president putin s favourite oligarchs. alisher usmanov is said to be worth an estimated $18.4 billion and used to own nearly a third of arsenal. three weeks ago the government announced it was freezing all his uk assets, but how effective will those sanctions really be? mr usmanov s $600 million yacht was reportedly seized in hamburg, but the german authorities later denied that. days later, the uk government targeted two huge properties in the south of england, beechwood house in north london, now estimated to be worth about £80 million, and also a tudor manor house in surrey once owned by the world s then richest man, paul getty. this gilded gate behind me is the closest the public can get to sutton place, one of the assets the government says alisher usmanov has bought with his billions. but he says he s given away much of his estate, ....

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