The head of the Russian bank VTB Andrey Kostin, who is under EU and US sanctions, owns luxury real estate in Europe and Russia worth about $130 million due to nominees. - Alleged in OCCRP investigation.

According to investigative journalists, the banker's confidant is Canadian citizen Eric White.. As it turned out thanks to the " They contain elite real estate, which Kostin can own in circumvention of sanctions.

Among the assets associated with White's companies, journalists name the Tannenhof hotel in the Austrian Alps, a villa near Saint-Tropez, apartments in Paris and Moscow, a hotel complex in the Tver region and a mansion with a winery in the Crimea. Also, companies associated with White owned stakes in the Russian franchises of Burger King and KFC..

Not much is known about Eric White, writes OCCRP. He is the son of the Canadian communist Burt White, who first came to the USSR in 1966 and was educated at the Interdom boarding school for children of foreign communist leaders..

After school, he entered Moscow State University, then returned to Canada and went into business.

In 2015, Eric White received Cypriot citizenship and bought a villa next door to the house of the top manager of the former Cypriot subsidiary of VTB Vladimir Popov.

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Recall that the EU Council extended sanctions against Russia for six months because of the war in Ukraine. Sanctions, first introduced on July 31, 2014 for a year in response to "