In Ukraine, a database of works of art owned by sanctioned Russians was created
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The National Agency for the Prevention of Corruption (NACP) has created a database that will help track violations of anti-Russian sanctions in operations on the art market. As reported by the press service of NAKC, you can track the circulation of art products bought or sold by Russians subject to sanctions in the “War and Art” section of the “War and Sanctions” portal. This section contains a database of art objects owned by the Russians under sanctions, or that have been sold or bought by them since 2014. These items can be used for money laundering and sanctions evasion. “Russian oligarchs, despite the sanctions imposed on them, can still easily hide and launder their funds through objects of art. Yes, paintings, sculptures, artistic jewelry – this is exactly what is used as a loophole to circumvent sanctions,” they clarified in NAZK The total value of identified works of art is $1.35 billion. Photo: NAZK Currently, the database contains information on more than 300 art objects. Among the owners are rapper Timur Yunusov (Timati), oligarchs Dmytro Rybolovlev, Roman Abramovich, Mykhailo Fridman, Oleg Deripaska, model and Abramovich’s ex-wife Daria Zhukova, and other individuals who are under sanctions for aiding the war waged by the Russian Federation in Ukraine. Among the works of art that can be found in the list, the most expensive painting in the world is “Salvator Mundi” by Leonardo da Vinci. In 2013, Russian oligarch Dmytro Rybolovlev bought it for $79 million and put it up for sale in 2017. Then the da Vinci painting set a record – it was sold for 450.3 million dollars. Website screenshot Rybolovlev also owned other paintings from the list of the most expensive paintings in the world – Paul Gauguin’s “Otahi” (he sold it in 2017, losing 70 million dollars during the sale), “No. 6 (purple, green and red)” by Mark Rothko . Here is the painting “Pond with Water Lilies” by Claude Monet, purchased by Russian Andrii Melnychenko for 80.5 million dollars. And “Triptych” by Francis Bacon and “The Sleeping Social Worker” by Lucian Freud, which were bought by Roman Abramovich for 86.3 and 33.6 million dollars, respectively. Abramovich’s ex-wife also had art objects in her possession. Screenshot of the site The agency noted that it collects information about works of art related to Russians from open sources. And since Russians under sanctions try to hide that they own such assets, the data can change and be updated during the verification process. Currently, the section “War and Art” is in the stage of filling and improvement, soon NAZK promises to add functions of filtering by categories, etc. It is also possible to report an art object owned by Russians by filling out a form on the portal. Read also: The Ministry of Culture and NAZK will deal with the prevention of trade in art looted by the occupiers
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