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UK sanctions Russia’s second-richest man Vladimir Potanin who’s price £13 billion

Russia’s second-richest man, Vladimir Potanin has been included within the UK Government’s newest wave of sanctions over the invasion of Ukraine. 

 

The UK Government additionally positioned sanctions on Anna Tsivileva, Vladimir Putin’s first cousin, who’s president of coal mining firm, JSC Kolmar Group.

 

Tsivileva’s husband Sergey Tsivilev is Governor of the coal-rich Kemerovo area and the couple have considerably benefitted from their relationship with Putin, based on a press release launched by the Foreign Office.

 

The Foreign Office claimed, Potanin, with an estimated web price of £13 billion, continues to amass wealth as he helps Putin’s regime, buying Rosbank, and shares in Tinkoff Bank within the interval since Russia’s invasion of Ukraine.

 

A Government spokesperson stated: “As lengthy as Putin continues his abhorrent assault on Ukraine, we’ll use sanctions to weaken the Russian battle machine. Today’s sanctions present that nothing and nobody is off the desk, together with Putin’s inside circle.”

 

According to Forbes, following Russia’s assault on Ukraine, he stepped down from the board of the Guggenheim Museum basis, on which he served for 20 years.

 

In May 2021, the British Court of Appeal overturned a decrease courtroom resolution and allowed Potanin’s ex-wife Natalia to carry her $6 billion divorce declare in London.

 

As a results of sanctions, the Foreign Office claimed Russian automobile manufacturing can be down by 60 per cent and Russia’s personal Transport Minister has admitted that Russia’s logistical infrastructure is now “damaged” because of sanctions.

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