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Daily business news and economic stories
Mar 11, 2022

Into the “social death” of the Russian oligarchy

The Western sanctions on Russia’s wealthy elite have raised a variety of questions that range from who these people are to the effectiveness of the sanctions. We spoke to Dartmouth sociologist Brooke Harrington, who argues in a new piece for The Atlantic that the sanctions represent an existential threat for Russia’s elite — and, by proxy, the Kremlin itself. Consumer sentiment has dropped to lows not seen since the 70s and 80s, yet spending remains strong. What gives? The dating app Tinder has added a background check feature that allows users to see if a possible date has a criminal past.

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A large home owned by the Russian Len Blavatnik stands along East 63rd Street in Manhattan on March 01, 2022 in New York City. Some city officials and activists are reacting to Russia's war in Ukraine by demanding the freezing of assets of prominent and wealthy Russians, known as Oligarchs, in New York who have ties to Russian president Vladimir Putin. Around the world, businesses, sporting groups, and art associations are severing ties to Russia.
A large home owned by the Russian Len Blavatnik stands along East 63rd Street in Manhattan on March 01, 2022 in New York City. Some city officials and activists are reacting to Russia's war in Ukraine by demanding the freezing of assets of prominent and wealthy Russians, known as Oligarchs, in New York who have ties to Russian president Vladimir Putin. Around the world, businesses, sporting groups, and art associations are severing ties to Russia.
Spencer Platt/Getty Images

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