Under US pressure, Liechtenstein seeks fix for stranded Russian wealth

Liechtenstein is examining tightening control of scores of Russian-linked trusts abandoned by their managers under pressure from Washington, according to several people familiar with the matter.

Why it matters

Since Russia’s invasion of Ukraine, the U.S. Treasury has sanctioned several individuals and trusts in Liechtenstein it said were linked to Russian oligarchs. That has prompted other directors fearing such punishment to quit hundreds of Russian-linked trusts, exposing a far wider problem with Russian money in one of the world’s smallest and richest countries.