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Mark Smith

The seven Russian oligarchs hit with UK sanctions, their full list of assets and what has been frozen

The UK Government has announced sanctions against seven of Russia's wealthiest and most influential oligarchs as part of its response to the invasion of Ukraine.

Foreign Secretary Liz Truss has announced a full asset freeze against these men whose business empires, wealth and connections are closely associated with the Kremlin.

As part of the UK's efforts to isolate Putin and those around him, these oligarchs – who have a collective net worth of around £15bn - are also banned from travelling here and no UK citizen or company may do business with them.

It means they can't buy or sell anything they own in the UK. The freeze will also prevent funds or economic resources being provided to or for the benefit of the designated person.

Read more: The billionaire and his popstar wife who are trying to buy Chelsea football club

Those newly-sanctioned include owner of Chelsea Football Club Roman Abramovich, who is worth more than £9bn. The UK Government had come under pressure to sanction Mr Abramovich who said he had made the "difficult decision" to sell the club earlier this month.

Here is a rundown of each Russian oligarch, their full list of assets, their net worth and what has been frozen by the UK Government.

1. Roman Abramovich

Mr Abramovich has stakes in steel giant Evraz, Norilsk Nickel and owns Chelsea Football Club.

He sold a 73% stake in Russian oil firm Sibneft to state-owned gas titan Gazprom for £9.87bn in 2005. His net worth is an estimated £9.4bn.

He is one of the few oligarchs from the 1990s to maintain prominence under Putin. None of the UK's allies have yet sanctioned Mr Abramovich.

2. Oleg Deripaska

A portrait of Oleg Deripaska by AntonPopper777 (AntonPopper777 - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=93811530)

Mr Deripaska has stakes in En+ Group, a major extractives and energy company which owns UC Rusal, one of the world's major aluminium producers.

He also has a multi-million pound property portfolio in the UK. His net worth is an estimated £2bn. The US designated (ie. stopped him from holding an office or post) Deripaska in 2018.

3. Igor Sechin

French authorities have seized the yacht linked to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, as part of EU sanctions over Russia's invasion of Ukraine ((Douane Francaise via AP))

Mr Sechin is the chief executive of Rosneft, a Russian state oil company and is particularly close and influential ally of Putin. He has been sanctioned by the US and the EU.

French authorities have seized his yacht (pictured above) in the port of La Ciotat.

4. Andrey Kostin

Andrei Kostin (By Kremlin.ru, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=23649775)

Mr Kostin is chairman of VTB bank, the second largest bank in Russia. VTB Bank was designated by the UK on February 24, 2022.

He is a close associate of Putin, and has long supported Kremlin objectives through VTB Bank. His net worth is an estimated £379m. Mr Kostin has been sanctioned by the US and EU.

5. Alexei Miller

Alexey Miller (Kremlin.ru, CC BY 4.0 , via Wikimedia Commons)

Mr Miller is CEO of energy company Gazprom, making him one of the most important executives supporting the Russian Government.

He served under Putin in the 1990s when Putin was deputy mayor in St Petersburg. Mr Miller has been sanctioned by the US.

6. Nikolai Tokarev

Nikolai Tokarev (premier.gov.ru / Creative Commons)

Mr Tokarev is president of the Russia state-owned pipeline company Transneft.

He first met Putin when both served as KGB officers in Dresden in East Germany in the 1980s. They have remained closely associated ever since. Mr Tokarev has been sanctioned by the US and EU.

7. Dmitri Lebedev

Mr Lebedev is chairman of the board of directors of Bank Rossiya.

The UK designated Bank Rossiya, widely considered to be the Kremlin's private bank, on February 22, 2022. He was sanctioned by the US in 2016.

Prime Minister Boris Johnson (PA)

Prime Minister Boris Johnson said: "There can be no safe havens for those who have supported Putin's vicious assault on Ukraine.

"Today's sanctions are the latest step in the UK's unwavering support for the Ukrainian people. We will be ruthless in pursuing those who enable the killing of civilians, destruction of hospitals and illegal occupation of sovereign allies."

Foreign Secretary Liz Truss said: "Today's sanctions show once again that oligarchs and kleptocrats have no place in our economy or society. With their close links to Putin they are complicit in his aggression.

"The blood of the Ukrainian people is on their hands. They should hang their heads in shame. Our support for Ukraine will not waver. We will not stop in this mission to ramp up the pressure on the Putin regime and choke off funds to his brutal war machine."

The UK Government said the Economic Crime Bill will come into force next week which aims to simplify the process of imposing sanctions, stop oligarchs threatening the UK with multi-million pound lawsuits for damages at the taxpayer's expense and also allow the UK to mirror allies' designations.

it will continue to lead global efforts to provide Ukraine with economic, diplomatic, humanitarian and defensive support.

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