Vladimir Putin could learn a thing or two about successful cooperation from the co-founders of Revolut.
Revolut’s co-founders CEO Nik Storonsky and CTO Vlad Yatsenko, who are Russian and Ukrainian respectively, show what a successful collaboration between the two nationalities can accomplish.
Founded in 2015, Revolut is both the fastest growing and widely used neo bank in Switzerland. While not a real bank itself, Revolut partners with Credit Suisse to provide its services.
Like the connection of their Swiss neobank to Credit Suisse, both men also share a Swiss connection. Storonsky was an emerging markets equity derivatives trader at Credit Suisse, and Yatsenko worked at Paradeplatz rival UBS.
On Thursday the U.K. revealed a list of sanctions against Russia, with Foreign Secretary Liz Truss stressing that it is an «unprecedented package of sanctions decisively delivers the highest economic cost we have ever imposed on the Kremlin.
For now, the U.K. sanctions appear to be targeted at Russian President Vladimir Putin, his inner circle and raising finance on the UK financial markets. Both Storonsky and Yatsenko are certainly watching the conflict unfold in personal terms. The business side is also keeping an eye on developments.
As a U.K. business subject to regulation by the Financial Conduct Authority (FCA), Revolut operates in compliance with all applicable sanctions law and legislation. We continue to monitor the situation in Ukraine carefully and will take any further actions required as necessary, a spokesman for Revolut told finews.com.
But when you talk about destruction, don’t you know that you can count me out, to quote the Beatles.