London Daily

Focus on the big picture.
Tuesday, Jun 23, 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 Heatwave Disrupts Transport, Healthcare and Public Services as Red Weather Alerts Expand Nationwide
Barclays Warns of Growing Cyber Risk Divide Between Large UK Firms and Micro Businesses
European Defence Plans Including Ukraine Integration Prompt UK Strategic Reassessment
UK Equity Markets React as US–Iran Peace Roadmap Eases Oil Price Pressures
United Kingdom Expands Global Clean Energy Partnerships With Brazil, Morocco and Tanzania
Lord David Frost Urges Incoming UK Leadership to Abandon EU Regulatory Reset Strategy
Housing Groups Support Amendment to Strengthen Fire and Gas Safety Access Powers in Social Housing
South London NHS Estates Staff Ballot on Industrial Action Over Pay Structures in Hospital Maintenance Services
United Kingdom Government Invests £60 Million in AI Research Labs at Oxford and University College London
Barclays Cyber Security Report Highlights Rising Threat Exposure Among UK Small Businesses in AI-Driven Attacks
UK Met Office Heatwave Triggers Transport Warnings as Rail Operators Urge Cancellations Amid Infrastructure Strain
South London NHS Estates Workers Ballot for Strike Action Over Pay Disputes Across Major London Hospitals
Barclays Warns of Severe Cyber Security Gap Between Large Corporations and Small Businesses in the United Kingdom
United Kingdom Government Allocates £60 Million for Artificial Intelligence Research Laboratories at Oxford and UCL
National Health Service Approves Teplizumab Treatment to Delay Onset of Type One Diabetes in First European Rollout
Met Office Issues Rare Red Extreme Heat Warning Across London, South East and West Midlands as Transport and Health Systems Face Disruption
Prime Minister Keir Starmer Resigns After Labour Party Revolt Following Economic Stagnation and Local Election Losses
United Kingdom Economy Contracts for Second Consecutive Month as Private Sector Weakens and Job Loss Fears Rise
Taxpayer Support Grows for Higher Digital Levies on Multinational Tech Companies
Bank of England Signals Caution Over Inflation Despite Easing Energy Prices
Lloyds Banking Group Expands Artificial Intelligence Hiring Amid Sector-Wide Automation Shift
Film Producer Corporate Collapse Leaves Creditors Facing Unrecoverable Losses
UK Ten-Year Brexit Anniversary Highlights Ongoing Political and Economic Uncertainty
Nottingham Maternity Scandal Inquiry Reveals Systemic Failings in NHS Care
Met Office Heatwave Prompts Public Health Warnings Across United Kingdom
Concerns Rise Over Fiscal Stability as Political Uncertainty Weighs on UK Borrowing Costs
UK Taxpayers Back Higher Digital Taxes on Global Technology Firms, Survey Shows
Bank of England Holds Interest Rates Steady Amid Persistent Services Inflation
Reform UK and Opposition Leaders Call for General Election Following Starmer’s Departure
Ten Years After Brexit Referendum, UK Faces Ongoing Political Fragmentation and Economic Debate
Nottingham University Hospitals Maternity Inquiry Exposes Severe NHS Failures
Met Office Issues Heat Health Alerts as United Kingdom Faces Record-Breaking Temperatures
Andy Burnham Emerges as Front-Runner for Labour Leadership After Starmer’s Resignation
Keir Starmer Resigns as UK Enters New Phase of Political Leadership Transition
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
×