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The West has sanctioned Russia’s rich. But is that really punishing Putin and helping Ukraine?

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BY EMMA BURROWS

VERONA, Italy (AP) — Sitting on a terrace in Verona as the bells toll at a nearby medieval church, Igor Makarov sips coffee as he describes his life as a billionaire under Western sanctions.

Most of his fortune earned doing business in Russia and the former Soviet Union is frozen, and his plans to develop his energy businesses are currently shelved. His yacht is seized and his two private jets are grounded, so he flew commercial from Cyprus to Italy on budget carrier EasyJet.

“I ask the question, what is the meaning of these sanctions against me? What do they achieve? They don’t help Ukraine,” Makarov said in a rare interview, blinking in the Italian sunshine.

Western governments have sanctioned scores of billionaires in order to isolate Russian President Vladimir Putin, choke off financial support for his war and turn them against him. They wanted the tycoons

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