It's the first public auction of an oligarch's seized asset since Russia invaded Ukraine.
since March. British and American authorities have previously said they would seek to funnel the proceeds of sold assets back into Ukraine.
This auction has attracted controversy, though, becauseStill, the has set a “benchmark” for other banks looking to recoup losses by auctioning assets.will be a watershed moment for assets that have bank financing against them because all the other banks will realize that the asset can be sold and that they can get some or all of their money back,” Jaffa adds.
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