The UK has announced sanctions against a network of companies and individuals with financial ties to Russian oligarchs Roman Abramovich and Alisher Usmanov.
This was reported by the press service of the British Foreign Office, writes “European Truth”.
As noted in the department, the restrictions will apply to those who helped Abramovich and Usmanov avoid sanctions already imposed in response to Russia’s invasion of Ukraine.
The Foreign Ministry added that Russian oligarchs are trying to protect their wealth with the help of financial intermediaries, offshore trusts, shell companies and even with the help of their families.
“They have nowhere to hide. We will continue to cut them off from the assets they thought were successfully hidden. Together with our international partners, Britain will continue to fight those who support the war. We will not stop until Putin stops,” the head said. MFA James Cleverly.
Among those who fell under the sanctions are Demetris Ioannides and Christodoulos Vasiliadis, whom the British Foreign Office calls “two Cypriot professional accomplices” of Abramovich and Usmanov.
The sanctions also targeted companies the Foreign Ministry said were part of Usmanov’s financial network, including USM, Curzon Square and Hanley Limited.
Also under the sanctions were several family members of other Russian oligarchs, who, according to the ministry, “were used as proxies to hide their assets.”
The assets of Usmanov and Abramovich were frozen by the British government after Russia invaded Ukraine in February 2022.
Recall, on April 7, the media reported that assistance to Ukraine from the sale of the Chelsea football club, oligarch Roman Abramovich, is delayed due to the delay in the approval process – a year after the sale, the funds remain frozen in an account in Britain.
Roman Abramovich, a Russian businessman with a net worth of over $7.5 billion, sold the London football club to a consortium led by American investor Todd Beley in May 2022.
He did so after being sanctioned by the UK and the European Union over his alleged ties to Russian President Vladimir Putin.
Nearly a year after the sale, the funds remain frozen in a UK bank account. The British Foreign Office declined to comment on the publication.
