Wives and daughters of Russian oligarchs have had their assets frozen and been hit with travel bans by the UK for helping hide wealth from sanctions [prompted by the Ukraine war.
Foreign Secretary James Cleverly announced new penalties targeting those who knowingly assisted the oligarchs as they scrambled to hide their assets in complex financial networks.
Among those sanctioned are the wife and daughter of billionaire Vladimir Evtushenkov – the largest shareholder in Russian IT company Sistema.
Also targeted in the new sanctions is Oksana Marchenko, the wife of key Putin ally Victor Medvedchuk, and owner of multiple luxury properties in Crimea.
The TV star, and friend of Putin, has previously begged for the release of her husband from a Ukrainian prison on video.
These ‘financial fixers’ have been hit with asset freezes, travel bans, transport sanctions and trust services sanctions, the Foreign, Commonwealth and Development Office said.
Oksana Marchenko has previously begged the release of her husband from a Ukrainian prison on video
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The new measures will affect Gulnara Kerimova, the daughter of Putin-linked oligarch Suleyman Kerimov, who holds four luxury villas in France on behalf of her father.
The penalties have also hit Tatiana Evtushenkova, who has been the acting director of firm Redline Capital which is owned by her father, Vladimir Evtushenkov.
Billionaire Vladimir Evtushenkov owned a company which reportedly supplied Putin’s forces with drones used for deadly bombing raids in Ukraine and until last 2021 owned key Russian defence contractor RTI.
The financial sanctions extend to Natalia Evtushenkov, wife of Vladimir Evtushenkov, who holds board positions in banks and other companies in which her husband owns stakes including MTS Bank.
She is also on the board of directors for Telecomms company Instacom International, which is owned by her husband.
Sanctions also have hit Felix Evtushenkov, whose father Vladimir transferred 10 per cent of shares in Russian conglomerate Sistema to Felix at the time of his own designation, bringing Vladimir’s stake to below 50 per cent.
Nariman Gadzhiev acts as the beneficial owner of a series of shell companies connected to Kerimov. A company linked to Gadzhiev was found to be transferring hundreds of millions of dollars to companies linked to his uncle Kerimov.
Tatiana Evtushenkova has been hit by sanctions – she has been the acting director of firm Redline Capital which is owned by her father, Vladimir Evtushenkov
Natalia Evtushenkov, wife of Evtushenkov, holds board positions in banks and other companies in which her husband owns stakes including MTS Bank.
Former Chelsea owner Roman Abramovich and Alisher Usmanov, a close ally of Vladimir Putin and a former shareholder in Arsenal FC, are subject to the sanctions.
Among them are Cypriots Demetris Ioannides, who set up offshore structures used by Abramovich to stow away more than £760million before being sanctioned, and lawyer Christodoulos Vassiliades, who helped Usmanov with trusts and offshore companies.
Companies linked to Usmanov, including USM, Curzon Square Limited, and Hanley Limited, have also been sanctioned.
Mr Cleverly said: ‘We are closing the net on the Russian elite and those who try to help them hide their money for war.
‘There’s no place to hide. We will keep cutting them off from assets they thought were successfully hidden.
‘Together with our international partners, the UK will continue to crack down on those who are supporting the war. We won’t stop until Putin does.’