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Mr Potanin, said to be worth $37.1 bn (£30.5 bn) according to Bloomberg, continues to amass wealth supporting Putin’s regime
- The pair will be subject to asset freezes and travel bans
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EKO HOT BLOG reports that the UK has announced its newest wave of sanctions targeting Vladimir Putin’s inner circle, including his cousin.
The Foreign Office said Anna Tsivileva, Putin’s cousin and president of a major mining firm, has been sanctioned.
Vladimir Potanin, Russia’s second richest man and key supporter of Putin’s regime, was also sanctioned on Wednesday due to the war in Ukraine.
The UK government said the sanctions were intended to “weaken the Russian war machine”.
The pair will be subject to asset freezes and travel bans.
Ms Tsivileva, who runs prominent Russian coal mining company JSC Kolmar Group, significantly benefitted from her relationship with the president, the Foreign Office said.
Mr Potanin, said to be worth $37.1 bn (£30.5 bn) according to Bloomberg, continues to amass wealth supporting Putin’s regime, the UK says.
The oligarch, who heads the world’s largest refined nickel and palladium producer Nornickel, has acquired Russian bank Rosbank and shares in Tinkoff Bank in the period since the invasion of Ukraine.
FURTHER READING
- Ukraine Crisis: Powerful Explosions Rock Kyiv After Russian Warship Sinks
- Ukraine Crisis: US To Give Heavier Weapons To Ukraine As Russia Plans Next Assault
- Ukraine Crisis: Russian Soldiers Raping Many More Ukrainian Women, Says MP
According to the reports, he moved his $300m superyacht to the safe haven of Dubai as a precaution.
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