What are Russian Oligarchs? And what are the sanctions against them?

What are Russian oligarchs? And what is the status of sanctions against them? What could cause the sanctions to backfire?

The term "oligarch" refers to a rich, powerful businessperson who has significant control over the economy. The reason they're so influential and important is because they have a lot of money, which allows them to influence decisions that affect the rest of society. In recent years there's been increasing focus on these people in Russia - especially those with close ties to Putin - and how their interests coincide with Western countries' interests as well as those in other parts of the world.

In this video I'll talk about what an oligarch is, what the sanctions are against the Russian oligarchs, and whether or not these sanctions will have the intended effect.

00:00 Intro
00:30 What is the goal of the sanctions?
01:18 What is an Oligarch?
03:27 How much wealth do the Oligarchs have?
04:10 How many Oligarchs are there and have been their losses?
07:33 How much is Vladimir Putin worth?
09:02 What are the sanctions against Oligarchs?

Ways to help Ukraine:

Ways to help the people of Ukraine

Links from The Globe and Mail: https://www.theglobeandmail.com/world/article-how-to-help-ukraine-canada/
Links from NPR.org: https://www.npr.org/2022/02/25/1082992947/ukraine-support-help

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