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Russian Oligarchs Use High-Value Art to Launder Millions, Evade US Sanctions, Senate Report Claims

Russian Oligarchs Use High-Value Art to Launder Millions, Evade US Sanctions, Senate Report Claims
Sen. Rob Portman (R-Ohio) at a Senate hearing in Washington, on Sept. 27, 2017. Samira Bouaou/The Epoch Times
Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
|Updated:

Russian oligarchs have bought and sold millions of dollars worth of art to evade economic sanctions imposed by the United States in the wake of Russia’s 2014 invasion of Ukraine and illegal annexation of Crimea, according to a bipartisan Senate investigation made public on July 29.

The report by the permanent-investigations subcommittee of the Senate Committee on Homeland Security and Governmental Affairs Committee found more than $130 million going to Russia after being generated through high-value art sales and other transactions in the United States.

Mark Tapscott
Mark Tapscott
Senior Congressional Correspondent
Mark Tapscott is an award-winning senior Congressional correspondent for The Epoch Times. He covers Congress, national politics, and policy. Mr. Tapscott previously worked for Washington Times, Washington Examiner, Montgomery Journal, and Daily Caller News Foundation.
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