Both Nikolay Storonsky and Oleg Tinkov have formally changed their citizenship this year.
Tinkov, one of the first Russian billionaires to speak out against the war, was sanctioned by the United Kingdom in March, according to Bloomberg. In April, he posted a vivid note against the war on Instagram and a week later sold his family’s stake in Tinkoff Bank for an undisclosed amount.
Meanwhile, Storonsky gave up his citizenship sometime this year, although it isn’t clear when exactly he decided to do so. A spokesperson for Revolut, the fintech start-up he helped found, told Bloomberg, “Nik is a British citizen. Earlier this year he renounced his citizenship by birth to Russia. His position on the war is on the public record: the war is totally abhorrent and he remains resolute in calling for an immediate end to the fighting.
Earlier this month, Storonsky’s father, an executive at a unit of Russia’s Gazprom, was sanctioned by Ukraine. Storonsky, whose net worth is $6.7 billion, renounced his citizenship before that happened, the spokesperson said. While the two businessmen have taken the leap of giving up their citizenship, it remains to be seen whether more Russian billionaires will heed Tinkov’s directive to follow him in an attempt to sap some of Putin’s power.
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