![Russian 'ex-oligarch' reportedly backing a new DeFi project Russian 'ex-oligarch' reportedly backing a new DeFi project](https://www.gundemtube.com/wp-content/uploads/2021/05/russian-ex-oligarch-reportedly-backing-a-new-defi-project-EnrOpkkW.jpg)
Russian businessman and self-styled “ex-oligarch” Aleksandr Lebedev is backing a new decentralized finance project that aims to compete across a broad spectrum of financial products.
As reported by Russian financial publication RBC, Lebedev is providing the initial funding for a DeFi startup under the working name of InDeFinEco, standing for Independent Decentralized Finance Ecosystem.
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