London Daily

Focus on the big picture.
Friday, Oct 02, 2026

Boris Johnson under pressure to widen sanctions on more oligarchs in London

Boris Johnson under pressure to widen sanctions on more oligarchs in London

Of the 35 billionaires and ‘enablers’ of Putin on a list drawn up by Alexei Navalny, only one has been targeted by the British

New anti-corruption measures to help track down Russian assets in London and confiscate “dirty money” are to be fast-tracked by the government.

Ministers plan to bolster unexplained wealth orders, which can be used to seize illicit assets. The orders have had limited success to date after legal challenges.

The government will also shortly announce its proposed reforms of the Economic Crime Bill, which will include a register of overseas property ownership and reforms to Companies House. Labour has criticised the government after years of delays in implementing the reforms.

Boris Johnson said last week that the government would set up a “kleptocracy cell” in the National Crime Agency to target sanctions evasion and Russian assets hidden in the UK. He said it would mean London oligarchs would have “nowhere to hide”.

While the government has introduced sanctions since the invasion of Ukraine, it is under pressure to widen the measures against key figures who have amassed huge fortunes under Putin’s regime.

Ministers face calls to implement sanctions against all 35 oligarchs and “enablers” of the Putin regime on a list drawn up by the jailed Russian opposition leader Alexei Navalny.

The list, read out in parliament last week by a Liberal Democrat MP, Layla Moran, includes oligarchs with strong ties to London including Roman Abramovich and Oleg Deripaska. The government last week named eight individuals it was sanctioning, but only two, Gennady Timchenko, a Russian investor and Putin ally, and Denis Bortnikov, deputy president of the Russian state-owned VTB bank, are on the Navalny list.

Bill Browder, a financier and critic of Russia, said those on the Navalny list should now be sanctioned by the UK, adding: “You don’t get to be an oligarch unless you’re basically in cahoots with Putin.”

Roman Abramovich, owner of Chelsea Football Club, is said to be close to President Putin.


Abramovich has extensive interests in Britain, including his ownership of Chelsea Football Club and a multi-million-pound property empire, which reportedly includes a £150m mansion near Kensington Palace. Abramovich has disputed reports suggesting his alleged closeness to Putin and Russia, or that he has done anything to merit sanctions being imposed against him.

Chris Bryant, the Labour MP, last week told MPs he had been passed leaked Home Office documents which flagged concerns over Abramovich because of his links to the Russian state and his “public association with corrupt activity and practices”. Bryant said: “Surely Mr Abramovich should no longer be able to own a football club in this country?” The tycoon has not commented on the allegations but last night said he was handing “stewardship” of the club to the trustees of its charitable foundation.

Deripaska, an industrial tycoon, has been sanctioned by the US since 2018, but no action has been taken against him in the UK. He is a major shareholder in the aluminium company EN+, listed on the London Stock Exchange. Deripaska has taken legal action to challenge US sanctions, but has been unsuccessful. He has denied any wrongdoing and said US allegations against him were based on false rumours fuelled by rivals.

Another member of the Russian elite on the Navalny list is the former deputy prime minister of Russia, Igor Shuvalov, now head of Vnesheconombank (VEB), the Russian state development corporation. Shuvalov was placed on an EU sanctions list last week, but was not among the eight individuals sanctioned by the UK. He owns two flats in Whitehall Court, an imposing building built in the style of a French chateau overlooking the Thames, bought in August 2014 for £11.4m.

On Thursday, the UK government announced sanctions it said were designed to inflict “maximum and lasting pain on Russia” and “devastate” the country’s economy. The measures include asset freezes and travel bans affecting more than 100 companies and oligarchs it said were “at the heart of Putin’s regime”, including VTB, Russia’s second-largest bank; Rostec, Russia’s biggest defence company, and Tactical Missiles Corporation, the country’s leading supplier of air and sea missiles.

Meanwhile a Russian cargo ship carrying cars to St Petersburg was blocked from crossing the Channel on Saturday in line with new EU sanctions. The 127-metre vessel had set sail from the French city of Rouen but was intercepted by French naval forces and escorted to the port of Boulogne-sur-Mer between 3am and 4am local time, officials said. The regional maritime prefecture told Reuters that the ship was “strongly suspected of being linked to Russian interests targeted by sanctions” and that seizing it was a “sign of firmness”.

Newsletter

Related Articles

0:00
0:00
Close
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Chancellor John Healey Faces Tax and Pension Scrutiny Ahead of Autumn Budget
Metropolitan Police Apologise for Accidental Disclosure in High-Profile Investigation
UK Universities Report Record International Enrolment as Housing Pressure Grows
UK Logistics Firms Monitor Rhine Disruption as Low Water Threatens European Supply Chains
UK Food Industry Warns Inflation Could Approach 7%
UK Introduces Vaping Duty and Mandatory Retail Stamps
Scotland Raises Property Taxes and Expands Child Payment in Annual Budget
Greggs Plans Four Factory Closures With 740 Jobs at Risk
OECD Raises UK 2026 Growth Forecast to 1.1%
UK Inflation Rises to 3.1% as Bank of England Faces Rate Debate
Andy Burnham Criticises Brexit and Says Rejoining EU Single Market Remains an Option
UK Imposes New Sanctions on Russian Military Networks and Propagandists
UK Launches Nationwide Early-Release Prison Scheme
Andy Burnham Says Security Services See Signs of Iranian Involvement in RAF Fairford Incident
Manchester City Found Guilty on Premier League Financial Charges After Independent Investigation
Scottish Court to Rule on Bid to Force No-Confidence Vote Against Aberdeen Council Co-Leader
UK Bans Extra Charges for Seating Children Under 12 Beside Accompanying Adults
UK Introduces Vaping Duty and New Licensing Requirements
Greggs to Close Four UK Factories and Cut 740 Jobs
Hundreds of Prisoners Released Early as England and Wales Prisons Reach 98% Capacity
UK Unveils New Russia Sanctions Targeting War Funding and Shadow Fleet
Burnham Says There Are Strong Indications of Iranian Involvement in RAF Fairford Security Breach
Prime Minister Andy Burnham Raises Prospect of Reviewing Britain's Post-Brexit EU Relationship
Markets Price in Bank of England Rate Increases as Inflation Rises to 3.1%
UK Borrowing Costs Climb Toward 5.5% as Global Bond Sell-Off Intensifies
UK-France One-In-One-Out Migration Agreement Expires as London Seeks Alternative Measures
Southwest England Faces Flood Alerts After Heavy Autumn Storms
UK Expands Funding for Rapid Electric Vehicle Charging Infrastructure
Welsh Government Approves Funding to Upgrade South Wales Transport
Northern Ireland Tensions Rise as Orange Order Rejects Drumcree Compromise
NHS Leaders Back Early Design of Proposed National Care Service
More Than One-Third of Regional UK Universities Face Financial Deficits
UK Current Account Deficit Narrows as Cross-Border Financial Flows Remain Strong
Bank of England and FCA Issue New Rules for Stablecoins and Digital Assets
MI5 Warns UK Universities Over Research Links With Chinese Institutions
UK Energy Price Cap Rises 4% as Electricity VAT Is Temporarily Suspended
Equity Calls for UK Personality Rights to Protect Performers From AI Replication
OpenAI Pauses Advanced Model Training Following Safety Concerns
Scottish Government Proposes Replacing 32 Councils With Larger Regional Authorities
Ofgem Raises UK Household Energy Price Cap by 4% From October
UK Counter-Terrorism Police Continue Investigation After Five Arrests Near RAF Fairford
OECD Cuts UK 2027 Growth Forecast to 1%
Labour Says State Pension Triple Lock Remains Protected Through Current Parliament
Andy Burnham Pledges National Care Service With Free Social Care in England
Six Flags Permanently Shuts Landmark X2 Roller Coaster Following Safety Scandals
Metropolitan Police Rule Out Terrorism in Golders Green Stabbing Investigation
Lithium-Ion Battery Identified as Cause of Fatal Merseyside House Fire
UK Department Rejects New Sea Use Framework Due to Stakeholder Fatigue
Major Thames Water Pipe Burst Causes School Closures in London
×