Ukraine invasion: who are the Kremlin-linked oligarchs targeted by new UK sanctions against Russia? | world news


Boris Johnson has announced sanctions against five other Russian oligarchs as the UK takes action against Vladimir Putin’s ‘boyfriends’ in response to the invasion of Ukraine.

The individuals all have close ties to the Kremlin and their assets there will be frozen – anyone in Britain banned from having any dealings with them – and they face a UK travel ban, a said Mr Johnson.

That’s what we know about them.

PM outlines UK response to Russian invasion of Ukraine – live updates

Denis Bortnikov

Denis Bortnikov would have been widely punished because of the influence of his father

Mr. Bortnikov is vice-president of the Russian public bank VTB.

He also sits on the compensation committee of the bank’s board of directors.

Mr. Bortnikov would have been widely punished because of his father’s influence.

Her father, Aleksandr Bortnikov, has been director of Russia’s intelligence service, the Federal Security Service (FSB) since 2008.

The FSB has been accused of the poisoning of political activist Alexei Navalny in August 2020 with a banned chemical agent from the Novichok group.

Given his long years of service in the Kremlin, Mr. Bortnikov Sr. is often considered one of President Putin’s most loyal aides and is a key figure in his entourage.

Mr. Bortnikov Sr. and President Putin both joined what was the KGB in St. Petersburg in 1975. President Putin left as a lieutenant colonel in 1991 to pursue politics, but Mr. Bortnikov remained in inside and worked his way up.

Mr. Bortnikov senior was first sanctioned by the United States in March 2021.

Kirill Shamalov

Kirill Shamalov
Kirill Shamalov was previously married to Vladimir Putin’s daughter, Katerina Tikhonova

Russia’s youngest billionaire, Mr Shamalov is the son of Rossiya Bank shareholder Nikolai Shamalov, a longtime friend of Mr Putin.

Rossiya is one of the Russian banks sanctioned by Mr Johnson.

Mr Shamalov was also married to Mr Putin’s daughter, Katerina Tikhonova.

They reportedly separated in 2018.

After becoming vice chairman of Russian petrochemical company Sibur at 26, he then bought a stake in the company from Gennady Timchenko, a longtime friend of President Putin who has been the target of US sanctions.

He then sold most of his stake.

Mr. Shamalov was also previously an adviser to the Russian government.

The United States imposed sanctions on him in 2018 alongside 23 other Russian nationals.

Piotr (Petr) Fradkov

Piotr Fradkov is the CEO of Promsvyazbank

The CEO of Promsvyazbank.

Since 2018, Mr. Fradkov has worked to transform Promsvyabank into a bank that serves the defense industry and supports state defense contracts.

As part of his duties, he held working meetings with Vladimir Putin and participated in round tables in international forums during which he planned the bank’s long-term strategic plans to support the Russian defense industry. .

Promsvyabank was targeted in the first round of sanctions announced by Mr Johnson on Tuesday and is essential to the Russian defense sector.

Promsvyazbank oversees 70% of Russian Ministry of Defense public contracts.

In February this year, US President Joe Biden signed an executive order sanctioning Mr. Fradkov for operating or having operated in the defense and related material and financial services sectors of the economy of the Russian Federation.

He is also the son of the former head of Russian foreign intelligence (FSB).

Yuri Slyusar

Yury Slyusar (left) is chief executive of United Aircraft Corporation

CEO of United Aircraft Corporation, a major defense organization that is also under an asset freeze.

The United Aircraft Corporation was established in 2006 to consolidate Russia’s key strengths in aircraft design and production.

With a majority stake owned by the Russian government, it consolidates Russian private and state-owned aircraft manufacturing companies and assets engaged in the manufacture, design and sale of military, civil, transport and unmanned aircraft.

Mr Slyusar told reporters last July that a new Russian warplane being built by his company was due to take flight in 2023, with a first batch to be produced in 2026.

He added that Russia plans to produce 300 devices over 15 years once mass production begins.

Mr. Slyusar previously held the positions of Assistant to the Minister of Industry and Trade of the Russian Federation, Director of the Department of Aircraft Industry of the Russian Federation, and Deputy Minister of Industry and Trade.

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Elena Aleksandrovna Georgieva

CEO of Novikombank, which finances Rostec, Russia’s largest defense company.

It is said to employ over two million people and export more than £10 billion worth of arms a year.

Previously, she was Director of Treasury for the Rostec Group.

Those already sanctioned

Earlier this week, the UK has sanctioned five Russian banks and three other oligarchsfreezing their assets in the UK and banning travel to Britain.

The Prime Minister said the “first barrage” of punitive measures were taken against Gennady Timchenko, Boris Rotenberg and his nephew Igor Rotenberg – with the trio described as “three very wealthy individuals”.

Gennady Timchenko

Gennady Timchenko.  Photo:
Gennady Timchenko is a major shareholder in Rossiya, a British government-sanctioned bank. Photo:

Mr. Timchenko is a billionaire ally of Mr. Putin and one of the most powerful people in Russia.

According to Forbes, the 69-year-old is worth $23.5bn (£17.3bn) and has stakes in various Russian companies, including gas company Novatek and petrochemical producer Sibur Holding.

He owns the private investment group Volga, which specializes in investments in energy, transport and infrastructure assets.

He is also the president of the Russian national hockey league and the president of the SKA Saint-Petersburg hockey club.

Mr. Timchenko and Mr. Putin are believed to be friends since at least the early 1990s, when the businessman was a St Petersburg oil trader and the current Russian president was a rising politician.

Mr. Timchenko went on to co-found Gunvor, a Swiss-based trading house that exports billions of dollars worth of Russian oil.

He is a major shareholder in Rossiya, a Russian bank sanctioned by Mr Johnson.

Rossiya is part of the National Media Group which supported the destabilization of Ukraine after Russia annexed Crimea in 2014, according to the British government.

It adds that Mr. Timchenko has been involved in actions that “undermine or threaten the territorial integrity, sovereignty or independence of Ukraine”.

The United States had previously announced sanctions against Mr. Timchenko in 2014.

Boris Rotenberg

Russian President Vladimir Putin shakes hands with Russian Judo Federation Vice President Boris Rotenberg after awarding him the Order of Alexander Nevsky during a meeting at the Turbostroitel judo club in Saint Petersburg, Russia, November 27, 2019. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY.
The UK government describes Mr Rotenberg as ‘a prominent Russian businessman with close personal ties’ to Mr Putin

Boris Rotenberg is a childhood friend of Putin and co-owner of SMP Bank, along with his brother Arkady.

He is a former judo training partner of the Russian president and the couple often play ice hockey together.

According to Forbes, Mr Rotenberg is worth $1.2bn (£886m).

The British government describes Mr Rotenberg as “a prominent Russian businessman with close personal ties” to Mr Putin.

He says he has enjoyed support from the Russian government through his role at SMP Bank.

The Rotenberg brothers were hit with US sanctions and had their assets frozen in 2014 over their close ties to Mr Putin.

The US Treasury claimed the Russian president awarded the Rotenbergs billions of dollars in contracts with gas giant Gazprom and for the Sochi Olympics.

Boris Rotenberg’s son Roman was recently appointed head coach of the SKA St Petersburg ice hockey team, despite never having played or managed professionally.

His other son, also named Boris, played as a defender for Dynamo Moscow football club from 2011 to 2016, sparking allegations he was only in the team because his father was president.

Igor Rotenberg

Igor Rotenberg
Igor Rotenberg controls the drilling company Gazprom Bureniye

Igor Rotenberg is the son of billionaire Arkady Rotenberg, a close friend of Mr Putin.

The 48-year-old controls drilling company Gazprom Bureniye and is worth $1.1 billion, according to Forbes.

After the United States imposed sanctions on his father in 2014, Mr Rotenberg bought his father’s shares in some assets.

The UK government says Mr Rotenberg is “a prominent Russian businessman with close family ties to President Putin”.

He is chairman of the board of directors of National Telematic Systems and shareholder of RT-Invest Transport System, which are “of strategic importance for the Russian government”, he adds.

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