Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

UK says new sanctions hit Putin's network including ex-wife and cousins

Published 13/05/2022, 11:18
© Reuters. FILE PHOTO: British Foreign Secretary Liz Truss gives a statement on Iran detainees during a session at the House of Commons, in London, Britain, March 16, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS

LONDON (Reuters) -Britain said on Friday it had imposed its latest round of sanctions against Russia over its invasion of Ukraine, targeting Russian President Vladimir Putin's financial network, including his ex-wife and cousins.

"We are exposing and targeting the shady network propping up Putin's luxury lifestyle and tightening the vice on his inner circle," foreign minister Liz Truss said in a statement.

"We will keep going with sanctions on all those aiding and abetting Putin's aggression until Ukraine prevails."

Britain, in concert with Western allies, has imposed sanctions on hundreds of wealthy Russian individuals as well as strategically important industrial and financial firms in response to Russia's invasion of Ukraine.

© Reuters. FILE PHOTO: British Foreign Secretary Liz Truss gives a statement on Iran detainees during a session at the House of Commons, in London, Britain, March 16, 2022. UK Parliament/Jessica Taylor/Handout via REUTERS

Among the 12 new names added to the British sanctions list were Putin's ex-wife Lyudmila Ocheretnaya and several of his relatives holding executive positions at major Russian firms like Gazprom (MCX:GAZP). They face asset freezes and travel bans.

The government said those sanctioned supported Putin in exchange for wealth, high-profile jobs and influence over Russian affairs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.