Home News Another 200 Russian oligarchs, banks and military firms blacklisted in the EU

Another 200 Russian oligarchs, banks and military firms blacklisted in the EU


The European Union has agreed to freeze the EU assets of the head of Russia’s main creditor Sberbank, Vladimir Putin’s two daughters and several oligarchs, according to a document published in the EU’s official newspaper on Friday, Reuters reports.

Since the start of the war in Ukraine, the EU has blacklisted about 700 people linked to the Kremlin or accused of supporting the invasion, which Moscow calls a “special operation”. However, this has not always led to a rapid freeze on assets, amid legal obstacles and sometimes a lack of political will.

The new measures will affect more than 200 people, mostly in the separatist regions of Lugansk and Donetsk, as well as top businessmen, politicians and the military close to the Kremlin.

Another 18 entities were also affected by the asset freeze, including four banks, such as VTB, and military firms, nearly doubling the number of companies targeted by sanctions since the start of the war.

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Herman Gref, head of Sberbank, was added to the EU’s blacklist, according to the document, a symbolically important move. So far, the EU has refrained from sanctioning the bank, which plays a key role in energy payments.

Putin’s daughters, Ekaterina Tikhonova and Maria Vorontsova, have also now been sanctioned for benefiting from the Russian government, the document said.

Putin had already been sanctioned in a first round of restrictive measures, although it is not clear how many assets he and his family own in the EU.

Wealthy oligarchs typically use front-end or ghost companies and corporations to protect their assets, making it very difficult, if not impossible, for investigators to identify them, especially in jurisdictions with lax rules about real business beneficiaries. .

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Surgutneftegas oil executive Vladimir Bogdanov, Rusal aluminum giant founder Oleg Deripaska, billionaire Boris Rotenberg, Russia’s largest gold miner shareholder Polius Said Kerimov, and Russia’s head of the Ozone e-commerce platform Aleksander Shulghin , were also sanctioned.

The new lists are part of the EU’s fifth package of sanctions against Russia, which includes a ban on coal imports and restrictions on entry into the EU for Russian ships and trucks.

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