Ukraine's art scene has a new secret weapon. 🖼️🕵️♂️
A slew of wealthy Russians, many of them arts patrons, have been hit with economic sanctions by the European Union, the UK, and the US intended to impede their ability to make or move money overseas since the start of the Russian invasion of Ukraine in February 2021. High-profile Russians named on Western sanction lists include Russia’s culture minister, Olga Lyubimova. Oligarchs Roman Abramovich and —both prolific blue-chip collectors—are among the individuals sanctioned by the EU.
The new databases details the provenance, or history of ownership, of numerous prized artworks, including a portrait of Marilyn Monroe by Andy Warhol acquired by close associate of Russian President Vladimir Putin, Mikhail Fridman, and Leonardo da Vinci’s “Currently, the section contains information on more than 300 art objects,” the agency said.
The NACP added that Russian oligarchs have come under intensified scrutiny since the beginning of the war given their penchant to “hide and launder their money through art objects.” “Painting, sculptures, artistic jewelry—this is exactly what is used as a loophole to circumvent sanctions,” the agency said. “The ‘war and art’ section will contribute to the work on preventing the circumvention of sanctions, finding artistic assets of sanctioned Russians with the aim of their further freezing, confiscation and future transfer to Ukraine.”
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