Sanctioned Russian elite flock to Sberbank's Altai ski resort, documents show

Meduza's review of internal documents reveals that Sberbank's luxury Manzherok ski resort in the Altai region hosts sanctioned oligarchs, officials, hackers, and FSB-linked individuals, effectively providing a sanctioned elite haven. This underscores the limits of Western sanctions enforcement and the Kremlin's efforts to create domestic alternatives for its elite. The development is notable as it highlights a systemic workaround, though the direct market impact is limited.

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