Sanctions against Russia
31 Commons Library Research Briefing, 22 March 2023
Targeting oligarchs
In addition to those individuals identified above, the UK has introduced
sanctions on the following people. Many have been designated based on new
powers set out in the Economic Crime (Transparency and Enforcement) Act
2022. All have been identified as having close links to the Kremlin:
• Alisher Usmanov (PDF) – founder of USM Holdings, designated on 3
March 2022. USM's sponsorship ties with Everton football club were
suspended on 2 March 2022.
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At the end of July 2022, Usmanov's
nephews Sarvar and Sanjar Ismailov were also sanctioned.
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• Igor Shuvalov (PDF) – Chairman of the management board of
Vnesheconombank (which has been excluded from SWIFT), designated
on 3 March 2022.
• Roman Abramovich (PDF) – owner of Chelsea FC and stakeholder in Evraz
PLC and Norilsk Nickel, designated on 10 March 2022. The US is yet to
sanction Mr Abramovich.
• Oleg Deripaska (PDF) – Shareholder of EN+ group, 10 March 2022. The US
sanctioned Mr Deripaska in 2018.
• Igor Sechin (PDF) – CEO of Rosneft, designated on 10 March 2022.
• Dmitri Lebedev (PDF) – Chairman of the Board of Directors of Bank
Rossiya, designated on 10 March 2022. Mr Lebedev has been subject to
US sanctions since 2016.
• Alexei Miller (PDF) – CEO of Gazprom, designated on 10 March 2022
• Andrei Kostin (PDF) – President and Chairman of VTB Bank, designated
on 10 March 2022.
• Nikolai Tokarev (PDF) – President of Transneft, designated on 10 March
2022.
• Mikhail Fridman (PDF) – Founder of Alfa Bank, the largest private bank in
Russia and shareholder in LetterOne. Designated on 15 March 2022.
• Petr Aven (PDF) – Head of Alfa Bank and co-founder of LetterOne.
Designated on 15 March 2022.
• German Khan (PDF) – A business partner of Fridman and Aven in Alfa
Bank and LetterOne. Designated on 15 March 2022. His wife, Anzhelika
Khan, was designated on 21 April 2002.
• Alexey Mordashov (PDF) – a member of Russia's richest family and
majority shareholder in steel company Severstal. Designated on 15 March
2022.
• Andrey Melnichenko (PDF) – Founder of EuroChem Group. Designated on
15 March 2022.
• Viktor Vekselberg (PDF) – Owner of the Renova Group. Designated on 15
March 2022.
• Alexander Ponomarenko (PDF) – Chairman of the Board of Sheremetyevo,
the largest airport in Russia. Designated on 15 March 2022.
• Dmitry Pumpyasnky (PDF) – Owner and Chairman of OAO TMK.
Designated on 15 March 2022.
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Everton FC, Club statement, 2 March 2022
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HM Treasury, Financial Sanctions Notice (PDF), 26 July 2022
A Russian oligarch is
a Russian national
who is both ultra-
high-net-worth and
connected to the
Putin regime.
FCDO, Russia sanctions:
notes on designations
data
Since Russia's
invasion of Ukraine,
the UK has targeted
over 130 oligarchs
with a net worth of
over £140 billion.
HM Government,
Integrated Review
Refresh (PDF), March
2023
