Russian billionaire on EU sanctions list quits as Royal Academy trustee

Exclusive: Petr Aven’s donation returned after he was called one of Putin’s closest oligarchs in the listA Russian billionaire named in EU sanctions “as one of Vladimir Putin’s closest oligarchs” stepped down on Tuesday as a trustee of the Royal Academy, which has also returned a donation he made towards a Francis Bacon exhibition.The RA – which had had been among UK cultural institutions and bodies facing calls to sever ties with Russian oligarchs after Russia’s invasion of Ukraine – said that the billionaire banker Petr Aven would be stepping down with immediate effect. Continue reading…

Exclusive: Petr Aven’s donation returned after he was called one of Putin’s closest oligarchs in the list

A Russian billionaire named in EU sanctions “as one of Vladimir Putin’s closest oligarchs” stepped down on Tuesday as a trustee of the Royal Academy, which has also returned a donation he made towards a Francis Bacon exhibition.

The RA – which had had been among UK cultural institutions and bodies facing calls to sever ties with Russian oligarchs after Russia’s invasion of Ukraine – said that the billionaire banker Petr Aven would be stepping down with immediate effect.

Continue reading…

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