Vladimir Putin
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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.
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