POST Online Media Lite Edition



 

UK announces 65 new Russian sanctions

Christian Fernsby |
UK Foreign Secretary Liz Truss has announced 65 new Russian sanctions against a range of key strategic industries and individuals.

Article continues below




The UK has now sanctioned over 1,000 individuals and businesses under the Russia sanctions regime since the invasion.

Today’s sanctions target key industries supporting Russia’s illegal invasion, including Russian Railways and defence company Kronshtadt, the main producer of Russian drones. The Wagner Group – the organisation Russian mercenaries reportedly tasked with assassinating President Zelenskyy - has also been sanctioned.

Six more banks are targeted, including Alfa Bank whose cofounders include previously sanctioned oligarchs Mikhail Fridman, Petr Aven and German Khan. The world’s largest diamond producer Alrosa is also sanctioned.

Individuals sanctioned include the billionaire oil tycoon Eugene Shvidler, founder of Tinkoff bank Oleg Tinkov, Herman Gref, the CEO of Russia’s largest bank Sberbank, and Polina Kovaleva, Foreign Minister Lavrov’s step daughter. Galina Danilchenko, who was installed by Russia as the ‘mayor’ of Melitopol is also sanctioned - the first time an individual has been sanctioned for collaboration with Russian forces currently in Ukraine.

Foreign Secretary Liz Truss said: "These oligarchs, businesses and hired thugs are complicit in the murder of innocent civilians and it is right that they pay the price. Putin should be under no illusions – we are united with our allies and will keep tightening the screw on the Russian economy to help ensure he fails in Ukraine. There will be no let-up”.

"All those sanctioned today will have their assets in the UK frozen which means no UK citizen or company can do business with them, and individuals subject to travel bans are also prohibited from travelling to or from the UK.

"Today’s sanctions will bring the total global asset value of the banks the UK has sanctioned since the invasion to £500bn and the net worth of the oligarchs and family members in excess of £150bn.

"The provisions brought in by the Economic Crime Act have streamlined the previous legislation so the UK can respond even more swiftly and effectively to the current crisis. The government will continue to tighten the screw and use sanctions to degrade the Russian economy on a scale that the Kremlin, or any major economy, has never seen before.

"The UK has led the international sanctions effort, cutting off whole sectors of the Russian economy by targeting its defence companies, its trade and transport sector, and working with allies to exclude Russia from the SWIFT financial system."

Key individuals and businesses sanctioned today:

1. ALFA-BANK JSC (Alfa-Bank), the largest of the private banks in Russia and is based in Moscow. Alfa-Bank ranks among the top 10 largest banks in terms of capital in Russia and Ukraine. It is a distinct entity to distinct from Alfa-Bank (Ukraine) which has not been sanctioned.

2. Alrosa, the world’s largest diamond mining company specializing in exploration, mining, manufacture, and sale of diamonds. It is headquartered in Mirny, Russia and its market capitalization is reported as an estimated £4.69bn.

3. Eugene Markovich Shvidler, is a billionaire businessman with close business links to Roman Abramovich (designated by the UK on 10 March 2022). His net worth is reported as an estimated £1.2 billion.

4. Oleg Tinkov, founder of Tinkoff Bank. His net worth is reported as an estimated £3.4 billion.

5. Herman Gref, Chief Executive Officer of Sberbank, the largest Russian bank. Gref is a close advisor of President Putin since they started working together in the St Petersburg Government in the 1990s. He served as Putin’s Minister of Economic Development and Trade between 2000 and 2007, before taking over at Sberbank.

6. Oleg E Aksyutin, the Deputy Chairman of the Management Board at Gazprom PJSC, the Russian multinational energy corporation.

7. Didier Casimiro, the First Vice President of Rosneft, the Russian State oil company.

8. Zeljko Runje, the Deputy Chairman of the Management Board and First Vice President for Oil, Gas, and Offshore Business Development of Rosneft

9. Galina Danilchenko, installed as ‘mayor’ of Melitopol by Russian authorities after their military occupied the city and kidnapped the legitimate mayor. This is the first designation by any partner country for collaboration with the Russian military in Ukraine since the invasion.

10. Polina Kovaleva, stepdaughter of Russian Foreign Minister, Sergey Lavrov. She reportedly owns a c.£4m property in London.


What to read next

Russia attacks U.S. sanctions, mulls responses
North Dakota State Investment Board votes to divest of Russian investments
Colorado governor urges institutions of higher education to examine divestiture of Russian state-owned assets

Another round of heavy rainfall and severe storms impacting southern U.S.

 
A broad area of showers and thunderstorms is expected Friday across much of the eastern U.S., with the chance for moderate to heavy rainfall likely to focus from the Lower Great Lakes south through the Appalachians into the Ohio/Tennessee Valleys and to the Gulf Coast.
 
 

Latest

U.S oil and gas rigs count increased by 1 to 604
NYCEDC supporting major battery energy storage project in New York City
UK: People with HIV can now donate eggs or sperm to start family
SEG Solar and Grand Batang City sign land utilization deal for Southeast Asia's largest PV industrial park

NEWS

French growers protest Moroccan imports

Kenya restores internet services after undersea cable outages
U.S.: Severe weather and flooding possible in southeast and Hawaii; above normal temperatures for west
Body of sixth missing worker recovered from Baltimore bridge collapse
1.6 tons of fresh vegetables and processed food seized in Singapore
U.S.: Strong Pacific storm approaching
 

BUSINESS

U.S. drillers cut oil and gas rigs to 603

Number of U.S. oil and natural gas rigs down
U.S. added 2 oil rigs
U.S. oil rig count up by 5 to 511
Rhode Island Governor, State Police promote safe travel across Washington Bridge
U.S. drillers cut oil and gas rigs to 620
 

Trending Now

Bulgaria demands €400 million from Gazprom for suspended gas supplies

Maersk speeds up supply chains in Europe with new Cross Dock facility

U.S oil and gas rigs count increased by 1 to 604

SEG Solar and Grand Batang City sign land utilization deal for Southeast Asia's largest PV industrial park


POLITICS

Governor Moore announces renewal and expansion of economic MoU with South Australia

Governor Parson to embark on trade mission to Italy to promote Missouri as ideal business location
Governor Abbott hosts Kosovo President Osmani
Australian government to set up inquiry to examine impact of social media
Hungary and China sign 19 cooperation agreements during Xi's visit
Türkiye announces suspension of trade activities with Israel
 

Today We Recommend

French growers protest Moroccan imports


Highlights 

BlueHalo to expand operations, adding 200 new jobs in Maryland

Takeda operating profit down 56.4%

Nissan posts increase in Q4 operating profit and net income


COMPANIES

Bulgaria demands €400 million from Gazprom for suspended gas supplies

BlueHalo to expand operations, adding 200 new jobs in Maryland
Maersk speeds up supply chains in Europe with new Cross Dock facility
Unite says ‘all options’ on table to save Tennent’s Newbridge plant
Fortaco sells its heavy project business in Hungary
Gibson Custom introduces Slash 1963 ES-335
 

CAREERS

BioMar announces changes in management in Ecuador

CLG appoints managing director for Equatorial Guinea
Mark Gazit appointed executive chairman of N.E.W.S.
IFCO appoints Sebastian Grams as chief digital officer
Marlabs appoints Arun Mukunda as CRO
AfdB names Ambassador Jalel Trabelsi as Special Envoy for Middle East and North Africa and Gulf region
 

ECONOMY

Eurozone reports modest Q1 GDP growth, stable annual inflation

Italy sees faster economic growth in Q1
Slovenia's economy expected to grow 0.9 pct in Q1
Italy faces deficit infringement procedure
Real GDP increased in all 50 U.S. states
Inflation continues to decline in Germany
 

EARNINGS

Dole Q1 revenue $2.1 billion

Hapag-Lloyd Q1 EBITDA $942 million
Stellantis Q1 revenues down 12%
Takeda operating profit down 56.4%
Ahold Delhaize Q1 sales up 1.3%
Nissan posts increase in Q4 operating profit and net income
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

UK government unveils major package of farming and food sector support

Governor Desantis signs legislation to keep lab-grown meat out of Florida
Tanzania, Kenya resolve poultry export dispute
FAO Food Price Index rises in March
Australia grants license for GM bananas amid Fusarium Wilt TR4 concerns
Indian government allows exports of 10,000 tons of onions to UAE
 

LEADERSHIP

Study finds workers misjudge wage markets

Some organizations may need to expand their hierarchical structures earlier than others
Study finds there's right way and wrong way to deliver negative feedback in workplace
Allyship is critical and its needs appreciation
Generating 'buzz' about new products can influence their success
Hiring 'problem directors' can knock up to 64% off firm's value
 

CRIME

HSBC pays penalties for alleged breaches of Consumer Data Right rules

Sanofi to settle thousands of Zantac cancer lawsuits
Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court
South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts
Former Steinhoff director appears in court for $1.1b fraud, racketeering
Genesis agrees to pay $21 million penalty to settle SEC charges
 

Magazine

TRAVEL

Morocco’s first Radisson branded hotel opens in Casablanca

Buna channels, an unreal and beautiful part of Bosnia and Herzegovina
JW Marriott unveils Mindful Haven with opening of JW Marriott Hotel Nairobi
Sotheby's Sports Week returns with fantastic artifacts
Red Roof properties open in Michigan
Treyam, your premier lagoon destination in Saudi Arabia
 

SEA, LAND, AIR

2025 Chevrolet Equinox stands apart with fresh looks and capability

Hill Helicopters HX50, luxury in the sky
Opel Movano becomes fully equipped camper van
Porsche Panamera, new hybrid variants
Dodge Charger, 670 horsepower of electric
Pagani Huayra R Evo, 900 hp from 770 Nm
 

DESIGN

Cold night, hot fire pit, cool entertainment

Embellish your home with PVC panels
You'll have to hurry if you want one of 20 new Louis Vuitton watches
Luxury duvet looks good, fells good and keeps you healthy
Vacheron Constantin, watches for life and more
Schüller kitchens, where functionality marries design
 

GADGETS

reMarkable 2, monochrome tablet for your thoughts and your eyes

OnePlus Ace 3V, first with Snapdragon 7 Plus Gen 3
ASUS Zenfone 11 Ultra, flagship with a reason
Samsung Galaxy S24 is photography powerhouse
Casette tapes are making a big comeback, and so are portable players
Neumann TLM 103, standard microphone for both voice and music
 

HEALTH

EU health watchdog urges vaccinations to stem surge in Whooping Cough cases

Brazil resumes insulin production after two decades
India launches first home-grown gene therapy for cancer
UK scientists win funding for 'cancer detecting' Lollipops
State to cover rare disease treatment costs in Bulgaria
Type 1 diabetes patients in England to receive 'artificial pancreas' as medication
 

MEANTIME

Rare species of wild bees discovered in Berlin

SLAC completes construction of largest digital camera ever built for astronomy
Solar eclipse next week in U.S., Mexico and Canada
Gravitational waves may have made human life possible
Astronomers unveil strong magnetic fields spiraling at the edge of Milky Way's central black hole
Scientists on hunt for evidence of quantum gravity's existence at South Pole