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Two more billionaires renounce Russian citizenship in wake of Ukraine war

The Russian flag. (Mike Siegel/The Seattle Times/TNS)

This article was originally published by Radio Free Europe/Radio Liberty and is reprinted with permission.

Forbes reported on February 29 that billionaires Andrei Baronov and Ratmir Timashev have become the latest tycoons to renounce their Russian citizenship since Moscow launched its ongoing invasion of Ukraine in February 2022.

According to Forbes, Baronov and Timashev are now citizens of Cyprus, with Baronov residing in Switzerland and Timashev in the United States.

Baronov has criticized the war, saying it caused him “deep suffering.”

Timashev did not comment.

Other tycoons who have given up their Russian citizenship since February 2022 include Vasily Anisimov, Timur Turlov, Ruben Vardanyan, Yury Milner, Nikolai Storonsky, Oleg Tinkov, and Igor Makarov.