Utah bank listed as owner of planes used by Russian billionaires
SALT LAKE CITY — For years, the Bank of Utah has managed trusts that allow the wealthy to fly the world on private jets.
“If these individuals have not been sanctioned yet, the Bank of Utah and any other organizations here in Utah and abroad should sever ties immediately,” Freedman added.Neither Mikhelson nor Blavatnik have been sanctioned by the U.S. government. On Thursday, Bank of Utah suggested it had already ended its relationship with Mikhelson, but that Blavatnik should not be lumped in with the oligarchs who help Russian President Vladimir Putin maintain power.
Roger Christiansen, a vice president at Bank of Utah, told FOX 13 News he could not discuss any clients specifically, but that the bank would not do business with anyone sanctioned by the U.S. government.
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