Russian Tycoon Oleg Tinkov Renounces Citizenship Over Ukraine

"I hate Putin's Russia, but love all Russians who are clearly against this crazy war!" Tinkov said.

Russian Billionaire Oleg Tinkov said that he has decided to give up his Russian citizenship because of the ongoing conflict in Ukraine.

Mr Tinkov took to Instagram to make this announcement, "I have taken the decision to exit my Russian citizenship. I can't and won't be associated with a fascist country, that started a war with their peaceful neighbour and killing innocent people daily."

"I hope more prominent Russian businessmen will follow me, so it weakens (President Vladimir) Putin's regime and his economy, and put him eventually to defeat," he wrote on Instagram.

He shared a picture of a certificate confirming the "ending" of his Russian citizenship.