March 10, 2022
2 mins read

UK sanctions Chelsea owner

As part of the UK’s leading efforts to isolate Putin and those around him, these oligarchs are banned from travelling here and no UK citizen or company may do business with them….reports Asian Lite News

The UK on Thursday imposed sanctions on seven Russian oligarchs, including Chelsea soccer club owner Roman Abramovich and Oleg Deripaska, among others under which their assets have been frozen.

Sanctions are also imposed against Rosneft CEO Igor Sechin, Gazprom head Alexey Miller, VTB Chairman Andrey Kostin, Transneft President Nikolai Tokarev and Dmitri Lebedev, the chairman of the board of directors of Rossiya Bank.

“Foreign Secretary Liz Truss has today (Thursday 10 March) announced a full asset freeze and travel ban on seven of Russia’s wealthiest and most influential oligarchs, whose business empires, wealth and connections are closely associated with the Kremlin,” read the UK government’s press release.

Pic credits Twitter

As part of the UK’s leading efforts to isolate Putin and those around him, these oligarchs – who have a collective net worth of around pound 15 billion – will have their assets in the UK frozen, they are banned from travelling here and no UK citizen or company may do business with them.

“The Economic Crime Bill coming into force next week will also significantly simplify the process of imposing sanctions, allow the UK to more easily sanction individuals, stop oligarchs threatening the UK with multi-million-pound lawsuits for damages at the taxpayer’s expense and also allow the UK to mirror allies’ designations,” added the release.

“There can be no safe havens for those who have supported Putin’s invasion. Today’s sanctions are the latest step in our ruthless pursuit of those who enable the killing of civilians, destruction of hospitals and illegal occupation of Ukraine,” tweeted UK Prime Minister Boris Johnson.

“Today’s sanctions show once again that oligarchs and kleptocrats have no place in our economy or society. With their close links to Putin, they are complicit in his aggression. The blood of the Ukrainian people is on their hands. They should hang their heads in shame. Our support for Ukraine will not waver. We will not stop in this mission to ramp up the pressure on the Putin regime and choke off funds to his brutal war machine,” said Foreign Secretary Liz Truss.

These sanctions are the latest step in the UK’s response to Putin’s illegal and unprovoked invasion, designed to ensure he fails in Ukraine by crippling Russia’s economy supporting his war machine, added the release.

The UK has already sanctioned more than 200 of Russia’s most significant and high-value individuals, entities and subsidiaries since the invasion, with over 500 of them now covered by the UK’s sanctions list.

Meanwhile, Russian Foreign Minister Sergey Lavrov is holding a meeting with Turkish Foreign Minister Mevlut Cavusoglu and Ukrainian Foreign Minister Dmitry Kuleba in Turkey’s Antalya.

“In #Antalya, Russian Foreign Minister Sergey #Lavrov holds a meeting with Turkish Foreign Minister Mevlut Cavusoglu and Ukrainian Foreign Minister Dmitry #Kuleba,” tweeted the Ministry of Foreign Affairs of Russia. (ANI)

ALSO READ: Ukraine envoy urges Britain to lift visa rules

Previous Story

BJP sweeps Lakhimpur despite outrage

Next Story

FUTURE TENSE FOR CONGRESS

Latest from -Top News

UNSC Convenes Over India-Pak Crisis

Pakistan is currently an elected member of the Council and will participate in the meeting….reports Asian Lite News The United Nations Security Council (UNSC) will be holding a closed-door meeting on Monday

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s
Go toTop

Don't Miss

FTA golden opportunity for UK businesses: British trade minister

British International Trade Secretary Trevelyan is on a two-day visit

India slams Russia’s grain deal termination

Amid these developments, Russia withdrew from the Black Sea Grain