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UK threatens sanctions on Kremlin-linked people over Ukraine
Britain said on Monday it would impose sanctions on companies and people with the closest links to the Kremlin if Russia takes action against Ukraine, drawing a warning from Moscow that it would respond if its businesses were “attacked”.
Since the fall of the Soviet Union in 1991, London has become the pre-eminent global centre for a vast outflow of money from former Soviet republics.
Opponents of President Vladimir Putin, who has massed troops near Ukraine, have repeatedly called on the West to get tough on Russian money, though oligarchs and Russian officials continue to flaunt their wealth at Europe’s most luxurious destinations.
Kremlin spokesman Dmitry Peskov said the threat of sanctions would amount to an attack on Russian businesses. He said such actions would backfire by hurting British companies and warned that Russia would respond.
Russia denies planning to attack Ukraine and is demanding security guarantees including a promise by NATO never to let Kyiv join the alliance. Russian officials say the West is gripped by Russophobia and has no right to lecture Moscow on how to act after NATO’s eastward expansion since the Cold War ended.
Britain has imposed sanctions on about 180 people and 48 entities since Russia annexed Crimea form Ukraine in 2014. https://www.gov.uk/government/publications/the-uk-sanctions-list
On the sanctions list are six people Britain says are close to Putin: businessmen Yuri Kovalchuk, Arkady Rotenberg and Nikolai Shamalov, former KGB officer Sergei Chemezov, Russian Security Council Secretary Nikolai Patrushev and Federal Security Service (FSB) chief Alexander Bortnikov.
The sanctions allow Britain to freeze individual assets and ban individual from entering the United Kingdom.
They also prohibit any individual from dealing with a post-2014 transferable security or money market instrument of a maturity over 30 days issued by Sberbank, VTB bank, Gazprombank, Vnesheconombank (VEB), Rosselkhozbank, OPK Oboronprom, United Aircraft Corporation, Uralvagonzavod, Rosneft, Transneft or Gazprom Neft.
