London Daily

Focus on the big picture.
Saturday, Apr 04, 2026

‘A dirty game’: Russians in UK rail at calls to seize oligarchs’ assets

‘A dirty game’: Russians in UK rail at calls to seize oligarchs’ assets

Russians describe despair and guilt over war while insisting seizures should follow due process

Yevgeny Chichvarkin, the multimillionaire owner of the Michelin-starred Mayfair restaurant Hide, was walking through Belgravia on Monday when he came across the mansion of another super-rich Russian that had been occupied by protesters demonstrating against the invasion of Ukraine.

Although Chichvarkin, 47, is a longtime vocal critic of Vladimir Putin, he was alarmed by the squatters’ occupation of the £50m property owned by the oligarch Oleg Deripaska, describing their action as “a dirty game”.

“To stop the war it will be helpful to send Javelins [a weapon system] and anti-tank missiles to Ukraine,” he said, adding that he supported a Nato no-fly zone over the country. “But to seize expensive ships or expensive houses, it’s a play for the next election by leftwing people. It’s a dirty, dirty game.”

Chichvarkin, who also owns the luxury wine store Hedonism, is one of a group of high-profile exiled Russian public figures, including the oligarch Mikhail Khodorkovsky, who last month founded an anti-war committee to hold Putin and other regime officials accountable for violations of international law.

He and his partner, Tatiana Fokina, have attended anti-war protests in London with their six-year-old daughter, Alice, and earlier this month he delivered a lorryload of medicine to Ukrainian refugees in Warsaw. He described the pain he felt for Ukraine and Russia as “like two bullets in one heart”.

But like several Russians I spoke to in Mayfair, Chichvarkin, who fled Moscow in 2008 claiming he was forced out by demands from corrupt officials to pay bribes, is perturbed by calls from some UK politicians, including government ministers, to seize oligarchs’ assets, including mansions, yachts and private jets.

“There is a lot of alarmism in the press,” he said. “People with a low education and leftwing [views] who feel jealous to see the cars, beautiful houses and yachts. [It’s] so easy to play with their feelings about equality.”

Chichvarkin said he supported seizing corrupt assets but only if it was done with respect for due process. “It has to be the decision of the high court. That’s why we respect [the] United Kingdom.”

It was a sentiment echoed by Fokina, 34, in the dimly lit basement bar of the Hide on the night the police arrested the Belgravia squatters. “There’s lots of tainted Russian money [in London], but, also, there are so many political Russian refugees with money. I know so many very wealthy people who are now donating incredible amounts to Ukraine, and their accounts are being frozen.”


Fokina fears that indiscriminate sanctions and cultural boycotts of Russian music play into the hands of Putin’s propagandists. “Every case of Russophobia in Europe, they are blowing up to a huge scale, saying no one will be glad to see you there,” she said.

Although she has not been personally targeted, Fokina said some friends had been affected. “My friend’s five-year-old came back home and said: ‘Mummy, why are you killing people?’”

Fokina, whose mother has fled to London because of the war, described her mixture of shock, despair and guilt in reaction to the invasion. “I can’t bear to look into the eyes of my Ukrainian friends because I feel profoundly ashamed, [even though] I’ve been in opposition to the current regime from a very young age. I think the best way someone’s put it is that all of a sudden you feel both like the Nazis and the Jews.”

Natasha (not her real name), a Jewish Russian emigrant who has lived in London for 30 years, said she was shocked by the number of Russians back home who support Putin. The 50-year-old blamed this on state propaganda that portrays the conflict as a “saintly war against Nazis”. “It’s just been surreal,” she said. “It’s like some kind of parallel reality.”

Natasha, who works as a concierge manager for the super-rich, said sanctions had affected the children of her wealthy Russian clients who were studying at British boarding schools.

She acts as a guardian for three teenage boys, one of whom has asked to borrow money from her because the bank card given to him by his parents for his pocket money had been cut off. “These kids now they’re basically stranded,” she said. “It’s not fair.”

Pytor (not his real name), a trader and investment banker who also joined the table at the Hide bar, said he was angry that sanctions were affecting people who had nothing to do with the war.

The 46-year-old, who moved to London three years ago, argued that the west had breached the balance of power with Russia through the expansion of Nato and the European Union.

Although he said there was no justification for the invasion, Pytor said he had lost faith in the western media because he saw its coverage of the conflict as too biased. “I’ve been very disappointed by the level of political propaganda and fierce hatred against Russia.”

Victor Balagadde, a former editorial director for the Russian newspaper Kommersant, said he thought Pytor’s position was closest to that of the average Russian living in London.

“You could see that through the social networks when the war started,” said Balagadde, 50, who lived in Kharkiv for 12 years and opposes the war. “They were more concerned not about people dying in Ukraine but about the sanctions which were imposed on Russia. It has been really hard to hear that.”

Chichvarkin said some wealthy Russians in one of his WhatsApp groups were hostile towards discussion of the invasion. “They said: come on guys, it’s not a war chat, let’s be very polite and calm down. And another guy said: yeah, look at the banks, shut up with your war. And I left this group and I said: ‘Fuck all of you guys with no politics. Politics will come to you soon.’”

Newsletter

Related Articles

0:00
0:00
Close
Prince Harry and Meghan’s Australia Visit Set to Draw Heightened Global Attention
UK Considers Entry Fees for Overseas Visitors at Major Museums Ahead of 2026 Travel Season
UK Prime Minister and Kuwait Crown Prince Coordinate Security Response After Regional Escalation
Calls Grow to Expand Fully Paid Maternity Leave for UK Teachers Amid Workforce Pressures
UK Secures Tariff-Free Access to US Market in Landmark Pharmaceuticals Agreement
Trump Projects Strength in Critique of UK Leadership and Naval Readiness
UK FinTech Setback as VibePay and Smartlayer Cease Operations Amid Funding Pressures
UK Leads Global Coalition of Over Forty Nations to Address Strait of Hormuz Crisis
UK Firms Urged to Accelerate Preparation as New Sustainability Reporting Rules Take Shape
UK Moves Rapid Sentry Air Defence System to Kuwait After Drone Strike Escalation
Transatlantic Relations Tested as UK Seeks Balance While Trump Reshapes Strategic Approach
Trump’s Strategic Pressure on UK Seen as Push for Stronger Alignment and Fairer Terms
UK Focuses on Trade Finance to Secure Critical Materials for Defence and Energy Sectors
Majority of UK Businesses Hit by Middle East Conflict While Confidence Holds Firm
UK Royal Navy Faces Renewed Scrutiny as Debate Intensifies Over Capability and Readiness
Reform UK Faces Mounting Distractions as Policy Agenda Struggles to Gain Traction
Investigation Launched Into Northern Cyprus IVF Clinics After UK Families Receive Incorrect Sperm
International Meeting Issues Unified Call to Safeguard Navigation Through Strait of Hormuz
Potential Strait of Hormuz Closure Raises Concerns Over UK Food and Medicine Supply Chains
UK Leads Coalition of Over Forty Nations Urging Iran to Reopen Strait of Hormuz
UK Secures Tariff-Free Access for Medicines in Landmark US Pharma Trade Agreement
King Charles III Invited to Address Joint Session of U.S. Congress in Rare Diplomatic Honor
Debate Grows Over Whether Expanded North Sea Drilling Can Reduce UK Energy Bills
UK Faces Heightened Risk of Jet Fuel Shortages, Airline Chief Warns
UK Ends Police Investigations into Lawful Social Media Posts After Review Finds Overreach
Abramovich Moves to Establish Charity for Frozen Chelsea Sale Proceeds Amid UK Dispute
Starmer Reaffirms NATO Commitment While Responding to Trump’s Strategic Critique
UK Aid Reductions Raise Fears of Severe Human Impact Across Parts of Africa
UK Signals Renewed Push for EU Cooperation as Iran Conflict Reshapes Security Landscape
Bank of England Signals Caution as Bailey Advises Markets Against Expecting Rate Hikes
UK to Convene Global Coalition to Restore Shipping Through Strait of Hormuz
Trump Signals Possible NATO Reassessment, Emphasizes Stronger U.S. Strategic Autonomy
Australia Joins British-Led Efforts to Reopen Strait of Hormuz Amid Escalating Tensions
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
×