Displaying items by tag: oligarchs

Thursday, 03 March 2022 22:30

Sanctioned elsewhere but not by the UK

There are several individuals being sanctioned by other nations but not by the UK. Oleg Deripaska was sanctioned by America for money laundering, ordering the murder of a business rival, illegally wiretapping government officials, extortion, racketeering and bribing government officials. He owns 45% of an aluminium company listed on the London Stock Exchange, and former Conservative energy minister Lord Barker is its executive chairman. The Russian state-owned VTB bank was suspended from the Stock Exchange but Andrey Kostin, president of the bank, is not sanctioned. Victor Zolotov, also on the EU's list but not UK's, leads Russia's national guard. His family is one of the richest in Russia in the real estate sector, with property portfolios in the UK. Pro-Kremlin billionaire Alisher Usmanov founded Russian-based USM which owns major iron, steel and copper suppliers and a telecommunications company, and has commercial ties to Everton Football Club (which has suspended its sponsorship contracts with USM).

Published in British Isles