Russian billionaire Roman Abramovich has been hit with a UK travel ban and asset freeze, as Britain tightens the screws on oligarchs with close ties to Russian President Vladimir Putin amid backlash to the Ukraine invasion. Abramovich’s name features alongside six other wealthy Russian businessmen that have been added to the UK sanctions list, according to a notice issued on March 10 by the UK Office of Financial Sanctions Implementation (pdf). The Russian businessmen will be subject to asset freezes and travel bans, with attempts to circumvent the sanctions a criminal offense. “There can be no safe havens for those who have supported Putin’s vicious assault on Ukraine,” British Prime Minister Boris Johnson said in a statement. Putin calls the invasion of Ukraine a “special military operation” meant to degrade its military and topple the government. Disseminating information that refers to the conflict a “war” or “invasion” could land someone …
Russian Billionaire Roman Abramovich and 6 Others Hit With Asset Freezes and Travel Bans
March 10, 2022
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Business & Economyeconomic policieseconomyEuropeInternationalMarketsoligarchRoman AbramovichRussia-Ukraine WarRussian billionaireUKWorld
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