London Daily

Focus on the big picture.
Wednesday, Jun 03, 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
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×