What is a Russian oligarch and why are they being sanctioned?

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What is a Russian oligarch and why are they being sanctioned?
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Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.But what classifies someone as a"Russian oligarch" besides being extremely wealthy?The word "oligarch" has been used interchangeably with billionaire in recent days, as wealthy Russian elites continue to be targeted by US and EU sanctions.

Detention Center no. 1, where Andrei Pivovarov — former head of the exiled Kremlin critic Mikhail Khodorkovsky's pro-democracy group Open Russia — is being held after his 2021 arrest.The elites who remained were forced to support Putin's government. Meanwhile, a new generation of oligarchs began amassing wealth through personal relationships with the Putin administration.

Russian President Vladimir Putin speaks as billionaire and businessman Roman Abramovich looks on during a meeting with top businessmen

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