The west has broadened its sanctions against politicians, businesses and individuals with links to Russia since Moscow invaded Ukraine. However, the EU has accused the UK government – which has a list of more than 100 Russian oligarchs facing sanctions over the coming weeks – of lagging behind in taking action.
The UK government said it had sanctioned 13 leading oligarchs since the invasion began, and there were now 15 on the sanctions list with one of them, Mikhail Gutseriev, sanctioned under the Belarus sanctions regime. The foreign secretary, Liz Truss, is expected to launch an oligarch taskforce “to target Russian elite” next week.
The latest penalties that have been imposed on Russia-linked businesspeople include asset freezes, travel bans and a ban on commercial transactions. Here are some of the prominent business figures who have been sanctioned by the UK, US and EU so far.
The deputy president of state-owned VTB, Russia’s second-largest bank, he is the son of Alexander Bortnikov, the director of the Federal Security Service, the successor to the KGB.
The chair and chief executive of Promsvyazbank is also the son of Mikhail Fradkov, a former prime minister of Russia and former director of the Russian Foreign Intelligence Service.
The chair of Novikombank, a subsidiary of the major Russian state-backed defence business Rostec.
A co-owner of SMP Bank, which is linked to the energy firm Gazprom, he is described as having “close personal ties” to Putin, a friend since childhood when they trained in judo together.
A nephew of Boris who also has close ties to Putin. He controls transport businesses and has also been linked to Gazprom.
At 39 he is Russia’s youngest billionaire and Putin’s former son-in-law. The son of Nikolai Shamalov, a major shareholder in Rossiya bank, he made his money from petrochemicals is a shareholder and director of the petrochemical firm Sibur.
One of Russia’s leading oligarchs, he has significant UK interests including two luxury apartments in central London worth an estimated £11m. He is head of Vnesheconombank, which has been a key source of funding for Kremlin priorities. He faces a full asset freeze and travel ban and no British citizen or business can deal with him.
The head of United Aircraft Corporation, a major supplier to Russia’s military and a key figure in its defence sector.
The 69-year-old billionaire friend of Putin owns the private investment firm Volga Group, which has holdings in energy, transport, infrastructure and financial services.
A leading Russian oligarch, he has had significant interests in English football clubs – in 2018 he sold his stake in Arsenal, while on Wednesday Everton moved to suspend all sponsorship deals with his USM Holdings company. Usmanov owns a lavish property portfolio in the UK, is a shareholder in iron ore and steel group Metalloinvest, and also operates in the media and internet sectors.
The director general and vice-chair of the board of directors at Surgutneftegas, an oil company operating in Russia. He has been subject to UK sanctions since 2018.
The founder of Basic Element, one of Russia’s largest industrial groups, he has also been subject to US sanctions since 2018, a move he has taken legal action to challenge. He was the president of the Russian energy company EN+ Group and until 2018 headed United Company RUSAL, the second-largest aluminium company in the world.
The chief executive of the major Russian state-backed defence business Rostec.
The chief executive of Russian state-owned diamond mining company Alrosa and a board member of Gazprombank, he is the son of Sergei Borisovich Ivanov, reportedly one of Putin’s closest allies and former chief of staff of the presidential executive office.
A trained economist, the billionaire oligarch also represents the Republic of Dagestan in Russia’s federation council, or senate. He is believed to have a large stake in Russia’s biggest gold producer, Polyus.
The president and chair of state-owned VTB and a member of the supreme council of the United Russia political party.
The chief executive of VK Group, parent company of Russia’s top social media platform, VKontakte The US had already imposed sanctions on his father, Sergei Kiriyenko, who serves as first deputy chief of staff of the presidential office and is said to be Putin’s “domestic policy curator”.
Chairs the management committee of Gazprom.
He served in leadership roles at Gazprom Neft, a subsidiary of the state oil firm, and is employed in Russia’s energy sector. He is the son of Nikolai Patrushev, secretary of the security council of Russia, who came under US sanctions in February.
Nicknamed “Putin’s chef” because of the restaurant business in which he made his fortune, Prigozhin’s interests now include a notorious internet “troll factory” in St Petersburg, known as the Internet Research Agency.
A high-ranking VTB bank executive.
The father of Igor Rotenberg and brother of Boris, he has known Putin since childhood. With Boris, he was co-owner of the Stroygazmontazh, the largest construction company for gas pipelines and power supply lines in Russia. Sanctions were imposed on him in March 2014.
The president and chair of the management board of Rosneft, Russia’s leading petroleum firm and one of the world’s largest publicly traded oil companies. He was Russia’s deputy prime minister from 2008 until 2012.
Son of Igor Sechin, he is chief executive of Rosneft.
The Russian billionaire steel magnate has been a member of the State Duma since 1999 and represents the United Russia party.
A high-ranking VTB Bank executive.
The chief executive of Transneft, a major Russian oil and gas company.
Alexander Aleksandrovich Vedyakhin
The first deputy chair of the executive board of majority-state-owned Sberbank, Russia’s biggest lender.
The Ukrainian-born Russian billionaire is the owner and president of Renova Group, a Russian conglomerate.
Like the UK, the US has also sanctioned Denis Bortnikov, Petr Fradkov, Boris Rotenberg, Kirill Shamalov, Igor Shuvalov, Gennady Timchenko and Alisher Usmanov. See entries under UK sanctions for details.
A major shareholder in Alfa-Bank, Russia’s largest commercial bank, he is also a member of the board of directors on the investment business, LetterOne Group (L1).
The Ukrainian-born Russian businessman is co-founder of LetterOne and also co-founded Alfa-Group, one of Russia’s largest privately owned investment groups.
The deputy prime minister and chief of the government staff also chairs the supervisory council of VTB bank. As a former director of the Russian tax service, he set up a new tax system in the Crimean peninsula of Ukraine after its annexation.
Said by the EU to be a pro-Russian activist running MediaGroup News Front Ltd, a news website registered in the illegally annexed Crimea, he is also chief of the Crimean division of the pro-Kremlin Rodina party.
The co-founder and editor in chief of the Regnum portal, which the EU says he has used “to spread aggressive and biased propagandist narratives against Ukraine, and to promote a positive attitude to the annexation of Crimea and the actions of separatists in Donbas. He often depicted Ukraine as fascist or neo-Nazi country.”
Russia’s richest person, he is a close friend of Putin, owns a third of Europe’s biggest tour operator TUI and is its largest single shareholder. He is chair of the the private investment firm Severgroup.
Made his fortune in banking, sea ports, commercial real estate and airport construction, he is chair of the board of Moscow’s Sheremetyevo airport.
Mother of Yevgeny Prigozhin and owner of Concord Management and Consulting LLC, which belongs to the Concord group, founded and owned until 2019 by her son.
Prigozhin’s wife and owner of Agat LLC, a subsidiary of Concord Management and Consulting LLC.
The minister of economic development and member of the supervisory council of the VTB bank.
A former principal cellist of the Kirov Opera Theatre’s orchestra, he is godfather to Putin’s eldest daughter, Maria. Described by the EU as “part of Putin’s network financial scheme”.
Like both the UK and US, the EU has also sanctioned Denis Bortnikov, Petr Fradkov, Igor Shuvalov, Gennady Timchenko and Alisher Usmanov. See entries under UK sanctions for details. It has also put penalties individuals on individuals just hit by the US, including Andrey Kostin, Yevgeny Prigozhin, Igor Sechin and Nikolay Tokarev. See entries under US sanctions for details.