A Russian oligarch has warned the western powers of “big trouble” amid sanctions over Russia during their invasion of Ukraine.

While Russia are still facing stiff Ukrainian resistance in their invasion of the country, a Russian oligarch has said deep trouble could be in store for western powers holding up sanctions against Vladimir Putin.

Mikhail Fridman, the owner of Alpha Bank and one of the richest Russian oligarchs, warned that the sanctions would do nothing to stop Russia and that the west “understands nothing”.

Western sanctions have been in place against Russia since February of this year after Russia recognised the independence of Dondas.

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The west is in “big trouble” with the sanctions Fridman says

But Fridman, a Ukrainian-born Russian oligarch, has warned that the western attempts to pressure Putin into a compromise will fall flat.

Speaking to Bloomberg, Fridman said: “If the people who are in charge in the EU believe that because of sanctions, I could approach Mr Putin and tell him to stop the war, and it will work, then I’m afraid we’re all in big trouble.

“That means those who are making this decision understand nothing about how Russia works. And that’s dangerous for the future.”

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Fridman has also said that western powers do not understand that influencing the powerful figures around Putin will not work.



Putin's inner circle are closely knit and to dissent is "suicide" Fridman says
Putin’s inner circle are closely knit and to dissent is “suicide” Fridman says

Fridman, who has been a member of the Public Chamber of Russia since 2005 as an advisor to the Council of Foreign Relations, says that western powers have not appreciated the power Putin holds over Russia.

The Alpha Bank owner says that dissent within the inner circle of Putin’s oligarchs is nothing short of “suicide”, news.com.au has reported.

He said: “The power distance between Mr Putin and anybody else is like the distance between the Earth and the cosmos. To say anything to Putin against the war, for anybody, would be kind of suicide.”

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