Sanctioned Russian Banker Boasts On Video About New Fintech Project In Mexico

Sanctioned Russian Banker Boasts On Video About New Fintech Project In Mexico

Share to Linkedin Like every major Russian banker, Oleg Tinkov and his bank Tinkoff Bank have been punished with ... [+] sanctions by the U. K. and European Union. The U. S., to date, has not sanctioned him or his once globally-focused Moscow-based bank. (Photo by Tim de Waele/Corbis via Getty Images) A BNE Intellinews article posted March 6 alleges that Forbes-listed billionaire Oleg Tinkov used money he raised from selling his stake in Tinkoff Bank in Russia to help kick start a fintech project south of the border. The Mexico start-up's co-founders say that is not the case, though, on a video making the rounds in Russia, Oleg calls the project "ours". Former executives from Tinkoff Bank in Russia, including one American and one Italian who had been working for Oleg in Moscow for years, set up shop in Mexico after the west sanctioned Russian banks for the war in Ukraine. Their latest fintech company, called Different Technologies, is registered as a U. S. company. Like every emerging market, Mexico has not adopted any Western sanctions policies against Russian businesses or individuals. The Russia sanctions are not unified across the Western sanctions regimes. The United Kingdom, Australia and Ukraine