How London became the city of choice for Russian ‘dirty money’

US says sanctions will be undermined by flow of suspect money into capital

The City of London skyline
An anti-sleaze group found £1bn worth of property bought with Russian funds
(Image credit: Dan Kitwood/Getty Images)

US officials fear that imposing sanctions on Russia amid tensions with Ukraine will be impossible due to the UK’s refusal to stop illicit funds flowing into London.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up