US, UK aim sanctions at Russian oligarchs' finance networks [View all]
Source: ABC News
WASHINGTON -- The United States and Britain announced new sanctions Wednesday aimed at Russian oligarchs Alisher Usmanov and Roman Abramovich, targeting the financial networks of two of Moscow's wealthiest businessmen who are close allies of Russian President Vladimir Putin.
Usmanov has been subject to U.S. and European Union sanctions since shortly after the Kremlin's invasion of Ukraine last year. Abramovich, who amassed a fortune in Russia’s oil and aluminum industries following the 1991 breakup of the Soviet Union, was forced to sell the Chelsea football club after he was cited last year.
U.S. officials said the new designations, which were coordinated with the British government, aim to reinforce existing penalties and further disrupt Russia’s importation of critical technologies used in its war against Ukraine. The departments of State and Treasury announced sanctions on 120 entities and individuals, across more than 20 countries and jurisdictions, connected to Russia's invasion of Ukraine. The United Kingdom named 14 individuals and entities.
“We are closing the net on the Russian elite and those who try to help them hide their money for war," British Foreign Secretary James Cleverly said in a statement. “There’s no place to hide. We will keep cutting them off from assets they thought were successfully hidden." Usmanov and Abramovich were early targets of Western sanctions aimed at key Russian sectors and individuals close to Putin. Germany had previously seized Usmanov's superyacht, known as Dilbar.
Read more: https://abcnews.go.com/Politics/wireStory/us-imposes-new-sanctions-russian-oligarch-hungary-bank-98529716
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