Under pressure from Washington, Liechtenstein is considering tightening control over dozens of trust companies linked to Russia that have been abandoned by their managers, as several sources close to the matter told Reuters.
Liechtenstein, one of the smallest and richest countries in the world, is home to thousands of trust funds, several hundred of which are linked to Russians, which makes it the object of Western attention related to anti-Russian sanctions.
The US Treasury Department has already imposed sanctions against several individuals and trusts in Liechtenstein, which, according to the department, allegedly have links with Russian businessmen, including Vladimir Potanin and Gennady Timchenko. According to several sources close to the case, the sanctions have also made other executives fear that they could face the same penalties for leaving hundreds of trusts linked to Russia, which highlights a much more serious problem for a country with a population of about 40,000 people.
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