Russian oligarchs are trying to exchange their London houses for real estate in Dubai, writes Financial Times. Thus, they want to avoid banking transfers and financial inspections in order to circumvent the sanctions imposed against them.
According to the publication, the Dubai realtors made and sent a list of London real estate, put up for sale with large discounts and potential customers. It also includes a mansion of Knights Bridge worth £ 34 million and a three-room apartment for Iton Square for £ 8 million. According to some information, the mansion belongs to Oleg Deripaska. It is also known that in 2003, Roman Abramovich bought an apartment for Iton-Square, writes The Insider.
Odnokov the same time, as FT sources in Dubai said, when such transactions, a number of problems may arise. One of them is due to the fact that too much documentation should go through London, which will not allow an exchange to bypass sanctions. A lawyer from Dubai told the publication that difficulties can also arise due to the fact that any transaction will have to take into account the co-fee and other payments in both jurisdictions.