Russian Billionaire Claims Ukraine War Criticism Post Cost Him $9 Billion
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Russian Billionaire Claims Ukraine War Criticism Post Cost Him $9 Billion

Oleg Tinkov, founder of Tinkoff Bank, claims a single Instagram post criticizing the Ukraine war cost him nearly $9 billion and forced him to sell his stake in the bank at a steep discount. Tinkov stated that Kremlin-linked officials issued an ultimatum: either sell his stake or the bank would be nationalized. He described the situation as being like a "hostage" and that the sale was coerced, valuing his holding at only 3% of its market worth. Tinkov also asserted that 90% of Russians oppose the war.

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