Kremlin

Oleg Tinkov says he was forced to sell his bank stake after criticizing Russia’s war, losing billions as Kremlin pressure followed in the 2022 Ukraine war.

Former Russian banking billionaire says a single social media post criticizing the war in Ukraine triggered a chain of events that wiped out nearly $9 billion of his personal wealth and forced him into exile.

Oleg Tinkov, the founder of Tinkoff Bank, said he was compelled to sell his stake in the lender at a tiny fraction of its value after publicly condemning Russia’s invasion of Ukraine in an Instagram post in April 2022.