Meet the Russian oligarchs worth £100bn hit by new wave of UK sanctions (2024)

The oligarchs sanctioned today have a combined estimated worth of more than £100 billion, according to the Foreign Office.

Meet the Russian oligarchs worth £100bn hit by new wave of UK sanctions (1)

Russia's former president, a Kremlin spokesperson and a string of super-rich businessmen have been hit by fresh sanctions from the UK.

More than 370 individuals and entities were sanctioned by the British Government, bringing the total number of sanctions listed to more than 1,000 since the invasion of Ukraine began.

The oligarchs sanctioned today have a combined estimated worth of more than £100 billion, according to the Foreign Office.

The massive list was published by the Government hours after a new law toughening up sanctions cleared Parliament.

It essentially brings the UK into line with sanctions on prominent Russian individuals and firms that were announced by the EU.

Individuals facing sanctions will have their assets in the UK frozen - meaning no UK citizen or company can do business with them - and they are also banned from travelling to or from the UK.

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POLITICAL ALLIES

Mikhail Mishustin

Mikhail Mishustin was installed by Putin as Prime Minister of Russia on 16 January 2020.

An economist who previously spent a decade leading the Federal Taxation Service, his biggest challenge to date has been rescuing the Russian economy in the wake of the Covid pandemic.

He now has to deal with the struggling Russian economy in the wake of massive sanctions, but has little direct involvement in the invasion of Ukraine.

Sergei Shoigu

Defence Minister Sergei Shoigu is a long-term confidant of Putin's who goes on hunting and fishing trips with the Russian president to Siberia.

He is one of the few political figures believed to have Putin's ear and in the past has been viewed as a potential successor.

He was in charge of the GRU military intelligence agency, accused of the deadly nerve agent attack in Salisbury, and led the Russian invasion of Crimea in 2014.

Dmitry Medvedev

Dmitry Medvedev served as Russian president from 2008 to 2012 and as PM from 2012 to 2020, swapping roles with Putin until he was able to alter the constitution to stay in the top job.

Currently deputy chairman of the Security Council, he is one of Putin's closest allies, and warned the West against sanctions earlier this month, telling them not to forget "that in human history, economic wars quite often turned into real ones".

BILLIONAIRE OLIGARCHS

Mikhail Fridman

Ukrainian born Mikhail Fridman is founder of Alfa Bank, the largest private bank in Russia, is believed to be worth £9.2bn.

He moved to London in 2015, buying Athlone House in Highgate, and has business interests in the UK. At a press conference earlier this month, he said while the Ukraine war was a "huge tragedy", sanctioning oligarchs would not sway Putin.

Pyotr Aven

Banking magnate Pyotr Aven, a former president of Alfa Bank and business partner of Mikhail Fridman, is worth an estimated net worth of £4bn.

A long-standing member of Putin's inner circle, he owns the largest private collection of Russian art and stepped down as a trustee of the Royal Academy in London after the invasion of Ukraine.

German Khan

Business tycoon German Khan, who has joint Russian-Israeli citizenship and is thought to be worth £7.8bn, lived in London's Eaton Square.

He met Mikhail Fridman and Pyotr Aven at college. Khan is one of the Russian oligarchs named in then President Donald Trump's Countering America's Adversaries Through Sanctions Act in 2017.

PROPAGANDISTS

Dmitry Peskov

Kremlin Press Secretary Dmitry Peskov was described by the US as the regime's "lead propagandist" when it sanctioned him earlier this month.

His family lives a luxurious lifestyle that the US Treasury department said was "incongruous" with his civil servant salary and likely built on "ill-gotten wealth of Peskov’s connections to Putin."

He has defended the Ukraine invasion as a "special military operation" to protect Russia.

Maria Zakharova

Russian Foreign Affairs spokeswoman Maria Zakharova, the international voice of the Putin regime, has claimed that videos of strikes against civilian targets are part of Ukrainian propaganda.

The day before the invasion she was sanctioned by the EU as "a central figure of the government propaganda" and for having "promoted the deployment of Russian forces in Ukraine".

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Meet the Russian oligarchs worth £100bn hit by new wave of UK sanctions (2024)
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