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Russia-Ukraine crisis: UK imposes new sanctions on Russian elites, businesses

The govt said the latest steps mean Britain has imposed sanctions on banks with total assets of 500 billion pounds.



Reuters file
Reuters file

By Reuters

Published: Thu 24 Mar 2022, 2:17 PM

Britain on Thursday imposed new sanctions on Russian elites and businesses, targeting strategic industries including a defence company that makes drones, major shipping group Sovcomflot and top lender Gazprombank.

The government said the latest steps mean Britain has imposed sanctions on banks with total assets of 500 billion pounds ($658.65 billion) and oligarchs and family members with a net worth of more than 150 billion pounds.

Below are are the details of those sanctioned on Thursday:

- Alfa-Bank JSC, the largest of the private banks in Russia

- Alrosa ALRS.MM, the world's largest diamond producer with an estimated market value of $6.61 billion according to Refinitiv data.

- Defence company Kronshtadt, the main producer of Russian drones

- Eugene Markovich Shvidler, a billionaire businessman with close business links to Roman Abramovich, who was already been targeted by British sanctions

- Polina Kovaleva, stepdaughter of Russian foreign minister Sergey Lavrov, who the British government said reportedly owns a 4-million-pound property in London

- Oleg Tinkov, founder of Moscow-based commercial lender Tinkoff Bank and his net worth is estimated at $4.7 billion by Forbes

- German Gref, boss of Russia's largest lender Sberbank SBER.MM, who served as Russian President Vladimir Putin's Minister of Economic Development and Trade between 2000 and 2007

- Oleg Aksyutin, the deputy chairman of the management board at energy group Gazprom GAZP.MM

- Didier Casimiro, the first vice president of oil company Rosneft

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- Zeljko Runje, the deputy chairman of the management board and first vice president for oil, gas, and offshore business development of Rosneft

- Galina Danilchenko, who was installed as the mayor of Ukrainian city Melitopol by Russian authorities after their attack


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