8.6 C
New York
Monday, March 20, 2023
Home Uncategorized Nik Storonsky renounced his Russian citizenship

Nik Storonsky renounced his Russian citizenship

The co-founder and head of the British fintech start-up Revolut Nikolay Storonsky renounced his Russian citizenship due to opposition to the Russian invasion of Ukraine. 

Read also: N26 launches crypto trading service in Austria

A similar step was announced this week by businessman Oleg Tinkov (Oleg Tinkoff). After the start of the invasion, he was one of the first of a handful of Russian businessmen who openly spoke out against the war and criticized the Russian army.

“Nik is a British citizen. Earlier this year he renounced his citizenship, which he acquired by birth in Russia. His position on war is publicly known: war is absolutely abhorrent and he continues to strongly call for an immediate end to the fighting ,” said a Revolut spokesperson.

The fintech boss’ decision comes as his father, Nikolay Storonsky Sr, was sanctioned by the Ukrainian government earlier this month, over his position as director-general at Gazprom Promgaz – the research arm of Russia’s state-owned gas company. 

The sanctions act to freeze Storonsky Sr’s Ukrainian assets and block him from entering the country of his birth. 

Aside from Storonsky Jr, Revolut’s other co-founder, Vlad Yatsenko, is a dual British-Ukrainian citizen.

“When I was growing up, the idea of ​​a war between Russia and Ukraine was unthinkable. Not only because war and the loss of innocent lives is always bad, but also because for me Ukrainians and Russians are related,” he wrote in a letter published on the Revolut website. “My father is Ukrainian. I have family and friends all over Ukraine – people I care about and fear a lot,” Storonsky said.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Challenger Banks: Disrupting the Status Quo in Retail Banking

In this blog, we will explore the state of retail banking, the different types of challenger banks, and the attractions of digital challenger banks.

Parker: The First Charge Card for E-commerce with Raised Limits

Parker, a fintech startup co-founded by Yacine Sibous and Milan Ray, has recently emerged from stealth with $157 million in equity and debt funding.

Credit Suisse Struggles to Keep Clients as Overhaul Continues

Credit Suisse Group AG won a $54bn lifeline on Thursday 16 March, giving it the chance to rebuild its business.

Swiss Regulators Step in to Reassure Markets Amid Credit Suisse Turmoil

The global financial markets were rattled on Wednesday following fresh fears about the viability of Credit Suisse.