Things are getting uncomfortable for Russian oligarchs on the beautiful Cote d’Azur. Monaco’s prince rigorously demands respect for humanitarian law in Ukraine and freezes accounts.
Monaco – The official press release from the sovereign leaves no doubt as to where the independent miniature state, which is also considered a tax haven, is positioned. Prince Albert (63) not only condemned the invasion of Ukraine in the strongest possible terms, he took immediate action. He has already implemented his most drastic measure and should not like rich Russians at all.
He had money deposits in the principality frozen, reports 24royal.de.*
The official statement by Prince Albert II* states: “The Principality of Monaco reaffirms its commitment to respect for the law, international law, sovereignty, integrity and the independence of states”. But that’s not all, the words of the husband of the justice-loving Princess Charlène of Monaco* (44) sound like a personal rebuke of the Russian head of state: His Highness is of the opinion “that differences of opinion and conflicts should only be resolved through dialogue and diplomacy “.
The Rector’s Palace* also pledged its support to all initiatives aimed at stopping the fighting, returning to consultations and withdrawing Russian forces from the region from Ukraine.
Literally it says: “The Principality is ready to support the humanitarian organizations that are courageously committed on site. In line with its international obligations, the Principality promptly adopted and implemented procedures for freezing funds and sanctions consistent with those of most European states.”
As a result, the picturesque city-state in southern France falls flat as a popular vacation spot for oligarchs. You must stay away from the hustle and bustle on the yachts and red carpets of the rich and beautiful* in the future. Because the tax haven is closing its gates. Because neither income tax nor inheritance tax is levied in Monaco and financial crimes committed abroad are not prosecuted, provided one has a place of residence in the principality, many wealthy people are drawn to the rocky state. Although exact numbers are not known, the sums are likely to be immense. * 24royal.de is an offer from IPPEN.MEDIA
