What is a Russian oligarch? Here's what to know as the U.S. rolls out sanctions
CBSN
The U.S. Justice Department has created a task force to go after the assets of Russian oligarchs, with the Biden administration vowing to seize their yachts, luxury apartments and private jets. But what are oligarchs? And how is their wealth connected to Russia's invasion of Ukraine?
Oligarchs — or extremely wealthy business leaders who are politically connected — became more prominent in Russia in the 1990s, but they are not unique to Russia.
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