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The UK expands its sanctions against Russia

The British government has expanded sanctions against Russian individuals and legal entities. Russian billionaire Volodymyr Potanin appears in the updated list. The restrictions include a ban on entry into the United Kingdom and the freezing of assets in the country if they are detected.

Potanin was included in the list as the owner of Rosbank (Interros bought the bank from Societe Generale, which left the Russian market). Rosbank operates in the financial services sector, which is of strategic significance to the Government of Russia, the document says. Rosbank, owned by Potanin, is included in the list of systemically important credit organizations of the Russian Central Bank. According to data for October 2021,  about 4 million people were its customers.

The son of billionaire Mykhail Gutseriev, Said, was also sanctioned. The report states that he supports the Russian authorities by managing or controlling the investment holding SFI, which operates in the financial services sector, which is of strategic significance to the Government of Russia. Sanctions affected the Moscow Industrial Bank and the Kolmar coal group. IT integrator for financial market participants R-Style Softlab is included in the list of sanctions as a company that can undermine sanctions and Russian banks’ exclusion from SWIFT.

The list of individuals also includes the governor of Kemerovo region Sergey Tsiviliev, the chairman of the board of directors of BTS-MOST Ruslan Baysarov, the chairman of the board of directors and shareholder of “SPB Exchange” Ivan Tyryshkin.

Before that, on June 23, the United Kingdom imposed a number of export sanctions against Russia. Marine technology, aviation fuel and additional components for key economic sectors of the Russian Federation were restricted.

According to the BBC, The UK is also the second largest military donor to Ukraine, with more than $2.5 Billion in commitments.

You can also help Ukraine fight with Russian occupants via Savelife or via an official page of the National Bank of Ukraine.

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Kit Amster

Community Marketing Specialist by day, geek by night.

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