Britain tightens sanctions on ‘oligarchs and fundamentalists’ including Abramovich

Chelsea club owner Roman Abramovich and his former business partner Oleg Deripaska will face an asset freeze and travel ban.

The British government on Thursday announced new sanctions against seven Russian oligarchs, including Chelsea club owner Roman Abramovich and his former business partner Oleg Deripaska, who will face an asset freeze and a travel ban.

The Government clarifies that “in view of the significant impact of today’s restrictions on Chelsea Football Club and their potential repercussions, the Government has issued this morning an authorized license to continue a number of football-related activities at Chelsea”.

“This includes allowing the club to continue with matches and other football-related activities, which in turn will protect the Premier League, the wider football pyramid, loyal supporters and other clubs.” Government adds.

retaliation against Russia

Other oligarchs targeted by these sanctions are general director of Russian oil giant Rosneft Igor Sechin, president of VTB Bank – the second largest bank in Russia – Andrei Kostin, CEO of energy company Gazprom, Alexey Miller, chairman of oil and gas heavyweight Transneft, Nikolai Tokarev and Chairman of the Board of Directors of the Bank Rossiya Dmitry Lebedev.

“Today’s sanctions show once again that oligarchs and radicals have no place in our economy or our society. With close ties to Putin, they add to his aggression,” the statement said. A statement by Foreign Minister Liz Truss about the Russian invasion of Ukraine.

These sanctions are part of a series of retaliatory measures taken by the British government to stifle the Russian economy. Britain has already sanctioned more than 200 of Russia’s most important individuals, entities and allies since the invasion of Ukraine on 24 February.

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