UK Sanctions Eight Individuals Connected With Russian Oligarchs

4/12/2023 9:09:21 AM

(MENAFN- Kuwait News Agency (KUNA)) LONDON, April 12 (KUNA) -- The UK government has announced new sanctions targeting those who have knowingly assisted sanctioned Russian oligarchs to hide their assets in complex financial networks.
Among those sanctioned along with six Russian nationals are Demetris Ioannides and Christodoulos Vassiliades - two Cypriot professional enablers supporting major Russian oligarchs Roman Abramovich and Alisher Usmanov, the UK Foreign, Commonwealth and Development Office confirmed in a statement.
The UK, alongside international partners, is also continuing to strengthen the unprecedented sanctions imposed to constrain Russia's capacity to wage its illegal war, including through the new enforcement co-ordination mechanism to bolster the compliance and enforcement of our measures, it said.
In this regard, British Foreign Secretary James Cleverly said: "We are closing the net on the Russian elite and those who try to help them hide their money for war".
"There's no place to hide. We will keep cutting them off from assets they thought were successfully hidden. Together with our international partners the UK will continue to crack down on those who are supporting the war," he said, adding "We won't stop until Putin does".
The UK has already imposed sanctions on a number of Russian businessmen collectively owning more than 18 billion sterling (US 22 billion). (end)
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