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The Guardian - UK
The Guardian - UK
Technology
Rob Davies

Russian banker who is under sanctions sold £15m of shares in Philip Hammond crypto firm Copper

Representations of the cryptocurrencies bitcoin and etherium
Representations of the cryptocurrencies bitcoin and ethereum. London-based Copper Technologies builds and manages digital systems for companies aiming to invest in, trade or use cryptocurrency. Photograph: Dado Ruvić/Reuters

A Russian banker who has been placed under sanctions sold more than £15m of shares in a cryptocurrency firm chaired by the former chancellor Philip Hammond in a transaction that experts say could have attracted scrutiny from US sanctions enforcers.

Executives at the London-based Copper Technologies are understood to have become concerned when Mikhail Klyukin, who owned more than 2% of the company, was put on the White House’s sanctions list in March 2022.

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