Seven prominent Russian business figures have found themselves on London’s new list of ‘financial sanctions targets’
The UK has cracked down on Russian oligarchs as part of Ukraine-related sanctions, freezing the assets of Chelsea FC owner Roman Abramovich, Gazprom CEO Aleksey Miller and others.
The Treasury on Thursday released a list of 204 people and 65 entities subject to the restrictions, with seven prominent Russian businessmen named.
In addition to Abramovich and Miller, the owner of the EN + group Oleg Deripaska, the president of Rosneft Igor Sechin, the director of VTB bank Andrey Kostin, the president of the pipeline company Transneft Nikolai Tokarev and the president of Bank Rossiya Dmitry Lebedev have also saw their assets in Britain frozen.
“There can be no refuge for those who supported Putin’s vicious assault on Ukraine,” British Prime Minister Boris Johnson spoke about the new sanctions.
Foreign Secretary Liz Truss claimed the restrictions proved that “Oligarchs and kleptocrats have no place in our economy or our society.”
“The blood of the Ukrainian people is on their hands” she said, adding that London will not stop with its attempts to “increase the pressure on Putin’s regime and stifle the funds of his brutal war machine.”
According to the Treasury, Abramovich was involved in “to gain advantage or support the government of Russia” because of his business “in sectors of strategic importance” in the Kremlin.
The assets of Chelsea Football Club have also been blocked meaning Abramovich will not be able to sell his London-based club now.
Chelsea received a special license, which allows the club to continue operating, but only with its sports-related activities.
As head of energy giant Gazprom, in which the Russian government has a majority stake, Miller has been accused of supporting activities that “threaten the sovereignty, independence and territorial integrity of Ukraine”.
These included supplying gas to Crimea, which London said Russia “illegally annexed” in 2014. Moscow insists it acted after the majority of the peninsula’s population voted to secede from Ukraine and reunite with Russia in a referendum following a coup of Maidan State in Kyiv, which overthrew the country’s democratically elected government.
Deripaska was on the list of “financial sanctions objectives” because of being “a pro-Kremlin oligarch” who was associated with the Russian officials behind the invasion.
Sechin had been restricted on his “Close personal ties with Vladimir Putin” and claims he had the support of the Russian government, while working in a strategically important sector, the Treasury said. Similar claims were made against Kostin, Tokarev and Lebedev.
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