The Principality of Monaco “adopted and implemented without delay” the freezing of assets and economic sanctions ordered by the European Union against Russia. It was the cabinet of Prince Albert that communicated the position in line with the policy of Prince Albert II, which in recent years has seen Monaco clearly emerge from the black list of countries that provided “financial coverage” to foreign capital.
Oligarchs and businessmen have lived in the Principality for years, some of them very close to Russian President Putin (one of these is the president of Monaco football, which plays in the First Division, the French Serie A).
According to the latest data, there are about eight hundred Russian citizens residing in Munich. A few dozen Russians later also obtained Monegasque nationality. The Prince’s Palace maintains the utmost confidentiality on the names of Russian VIPs who live in Monaco and who have business between Monte Carlo and the Cote d’Azur.