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UK sanctions four more Russian oligarchs

Politics 15:33 02 Nov, 2022
UK sanctions four more Russian oligarchs

The UK government has put sanctions on two business associates of Roman Abramovich, linked to the Russian steel manufacturer Evraz, as part of restrictions on four Russian oligarchs, Qazet.az reports according to UK media.

Alexander Abramov and Alexander Frolov have had their UK assets frozen for their role in “sectors of major significance” to Russia’s war effort in Ukraine. Abramov is thought to have a global net worth of £4.1bn and Frolov £1.7bn.

A government statement said that combined, both have UK property investments worth £100m. They are both banned from entering or staying in the UK, have restrictions on planes or boats they own from landing in the UK or docking at UK ports and have had their assets frozen.

They are being sanctioned alongside Airat Shaimiev and Albert Shigabutdinov.

Shaimiev is the CEO of OAO Tatatodor, a state-owned transport and constructions company which is involved in the building and maintenance of roads in Russia.