UK sanctions four Russian oligarchs for financing war against Ukraine
Great Britain imposed new sanctions against steel and petrochemical tycoons who funded the Russian war against Ukraine
The British government reported this on November 2.
“Today we are sanctioning an additional four oligarchs who rely on Putin for their positions of authority and in turn fund his military machine,” the Foreign Secretary James Cleverly said.
Cleverly said Putin relies on the elected elite to maintain control of his industrial complex and support illegal Russian invasion of Ukraine.
Sanctions have been imposed on two partners of oligarch Roman Abramovich - Alexander Abramov and Alexander Frolov, who have large stakes in Russian steel producer Evraz. In Britain, assets of these oligarchs were frozen. Abramov's capital was estimated at 4.1 billion pounds, and Frolov - 1.7 billion. Also, their investments in real estate in Great Britain amount to about 100 million pounds.
In addition, Airat Shaimiev, businessman and the CEO of state owned transport and construction company Tatavtodor, which builds and maintains roads in the Russian Federation, was added to the list of sanctions. His fortune is estimated at 902 million pounds.
Albert Shigabutdinov, another oligarch and owner of TAIF group of companies working in the field of energy, financial services and information communications, found himself under restrictions. His £977m has also been frozen.
Russian businessmen were banned from entering or staying in Britain. Their planes and boats are restricted from landing or docking in the country.
The UK has sanctioned more than 1,200 individuals and 120 entities, including more than 120 oligarchs with a net worth of more than £140 billion.
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