Boris Johnson announces UK sanctions against Russia

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Chippy_Tea

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Do you think these sanctions will make any difference?


Who and what are being targeted by UK sanctions?

Putin ally Gennady Timchenko is a billionaire hockey enthusiast with wide business interests in energy, transportation and construction via his Volga investment group.

The UK government has accused him of supporting a Russian policy of destabilising Ukraine through his association with Bank Rossiya, of which he is a major shareholder.

Igor Rotenberg, another close associate of President Putin, is the oldest son of Arkady Rotenberg and the majority shareholder in the Gazprom Drilling company.

Igor's uncle, Boris Rotenberg, has also been targeted. Mr Rotenberg is the co-owner - along with his brother Arkady - of the SGM group, the largest construction company for gas pipelines and electrical power supply lines in Russia.

The UK's sanctions notice says he is "benefiting from or supporting" the Russian state in his role in a key strategic sector.

Rossiya is a privately-owned bank, which also has stakes in a television company.

The Black Sea Bank is a Crimean bank and was created in 2014 after Russia annexed the region.

The General Bank is a financial institution which also operates in Crimea.

Promsvyazbank is a Russian state-owned bank, which the UK government says provides funding to Russia's military.

The BBC's Business correspondent Theo Leggett says the UK was not targeting the biggest banks but banks known to be used by President Putin's inner circle.

https://www.bbc.co.uk/news/uk-politics-60476137
 
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