Oleg Tinkov renounces Russian citizenship over war in Ukraine - CNN

London/Hong Kong CNN Business  — 

Oleg Tinkov, the laminitis of a large Russian integer bank, has renounced his Russian citizenship in protestation implicit the warfare successful Ukraine.

“I person taken the determination to exit my Russian citizenship,” Tinkov announced successful a station connected Instagram connected Monday alongside a photograph of a certificate confirming his decision, dated October 26.

The station has since been taken down, but photos of it person been circulated connected societal media and reported by Russian authorities media.

“I can’t and won’t beryllium associated with a fascist state that started a warfare with their peaceful neighbour and sidesplitting guiltless radical daily,” Tinkov wrote.

Tinkov, who founded Tinkoff Bank successful 2006, earlier this twelvemonth blasted Russia’s “insane war” successful Ukraine. He was 1 of 65 individuals and entities sanctioned by the United Kingdom connected March 24 for “supporting Russia’s amerciable invasion.”

Tinkov precocious sold his 35% involvement successful Tinkoff Bank’s genitor institution TSC to a steadfast controlled by Russian billionaire Vladimir Potanin. Before the sale, Tinkov’s wealthiness was estimated astatine astir $3.5 billion, according to the Bloomberg Billionaires Index.

Another billionaire fiscal services tycoon has besides chopped ties with Russia implicit the war.

Nikolay Storonsky, the co-founder and CEO of Revolut, renounced his Russian citizenship earlier this year, the British institution said Tuesday, confirming a study successful The Telegraph.

“His presumption connected the warfare is connected the nationalist record: the warfare is wholly abhorrent and helium remains resolute successful calling for an contiguous extremity to the fighting,” a Revolut spokesperson said.