Russia: the oligarchs and business figures on western sanction lists
The west has broadened its sanctions against politicians, businesses and individuals with links to Russia since Moscow invaded Ukraine. However, the EU has accused the UK government – which has a list of more than 100 Russian oligarchs facing sanctions over the coming weeks – of lagging behind in taking action.
The UK government said it had sanctioned 13 of leading oligarchs since the invasion began, and there were now 15 on the sanctions list with one of them, Mikhail Gutseriev, sanctioned under the Belarus sanctions regime. The foreign secretary, Liz Truss, is expected to launch an Oligarch Taskforce “to target Russian elite” next week.
The latest penalties that have been imposed on Russia-linked businesspeople include the likes of asset freezes, travel bans and a ban on commercial transactions. Here are some of the prominent business figures who have been sanctioned by the UK, US and EU so far.
Denis BortnikovThe deputy president of state-owned VTB, Russia’s second-largest bank, he is the son of Alexander Bortnikov, the director of the Federal Security Service, the successor to the KGB.
Petr FradkovThe chair and chief executive of Promsvyazbank is also the son of Mikhail Fradkov, a former prime minister of Russia and former director of the Russian Foreign Intelligence Service.
Elena GeorgievaThe chair of Novikombank, a subsidiary of the major Russian state-backed defence business Rostec.
Boris Rotenberg A co-owner of SMP Bank, which is linked to the energy firm Gazprom, he is described as having “close personal ties” to Putin, a friend since childhood when they trained in judo together.
Igor Rotenberg A nephew of Boris who also has close ties to Putin. He controls transport businesses and has also been linked to Gazprom.
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