In response to Vladimir Putin sending 'peacekeeping' troops into Ukrainian territory, the UK imposed sanctions upon three Russian billionaires and five banks.
The current sanctions are designed to hit Gennady Timchenko, Boris Rotenberg and his nephew Igor Rotenberg, who are said to be "very close to the Putin regime", according to Boris Johnson.
Further controversy arose when Labour MP Margaret Hodge questioned why Chelsea FC owner Roman Abramovich had not been sanctioned.