: :inin Kyiv (EET)

US congressional probe: Russian oligarchs using art to evade sanctions

WASHINGTON — Powerful Russian oligarchs have allegedly discovered a surprising new tool to evade sanctions: the secretive and largely unregulated U.S. art industry.
The revelation is laid out in a new bipartisan congressional report that was released on Wednesday following a two-year investigation.
The 150-page report, spearheaded by Senators Rob Portman (R-Ohio) and Tom Carper (D-Del.) in their capacity as chair and vice chair of the Permanent Subcommittee on Investigations, details how the committee’s staff says it traced over $18 million in high value art purchases from U.S. auction houses and private sellers back to three shell companies linked to the Russian …read more

Source:: European Voice