London Daily

Focus on the big picture.
Thursday, May 14, 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
The Great Western Exit: Why Best Citizens Are Fleeing the Rich World [PODCAST]
The New Robber Barons of Intelligence: Are AI Bosses More Powerful Than Rockefeller?
The End of the Old Order [Podcast]
Britain’s Democracy Is Now a Costume
The AI Gold Rush Is Coming for America’s Last Open Spaces [Podcast]
The Pentagon’s AI Squeeze: Eight Tech Giants Get In, Anthropic Gets Shut Out [Podcast]
The War Map: Professor Jiang’s Dark Theory of Iran, Trump, China, Russia, Israel, and the Coming Global Shock [Podcast]
Labour Is No Longer a National Party [Podcast]
AI Isn’t Stealing Your Job. It’s Dismantling It Piece by Piece.
Lawyers vs Engineers: Why China Builds While America Litigates [Podcast]
Churchill’s Glass: The Drunk, the Doctor, and the Myth Britain Refuses to Sober Up From
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
Kennedy’s Quiet War on Antidepressants Sparks Alarm Across America’s Medical Establishment
The Met Gala Meets the Age of Billionaire Backlash
Russian Oligarch’s Superyacht Crosses Hormuz via Iran-Controlled Route
Gunfire Disrupts White House Correspondents’ Dinner as Trump Is Evacuated
A Leak, a King, and a Fracturing Alliance
Inside the Gates Foundation Turmoil: Layoffs, Scrutiny, and the Cost of Reputational Risk
UK Biobank Breach Exposes Health Data of 500,000, Listed for Sale on Chinese Platform
KPMG Cuts Around 10% of US Audit Partners After Failed Exit Push
French Police Probe Suspected Weather-Data Tampering After Unusual Polymarket Bets on Paris Temperatures
CATL Unveils Revolutionary EV Battery Tech: 1000 km Range and 7-Minute Charging Ahead of Beijing Auto Show
Crypto Scammers Capitalize on Maritime Chaos Near the Strait of Hormuz: A Rising Threat to Shipping Companies
Changi Airport: How Singapore Engineered the World’s Most Efficient Travel Experience
Power Dynamics: Apple’s Leadership Shakeup, Geopolitical Risks in the Strait of Hormuz, and Europe's Energy Strategy Amidst Global Challenges
Apple's Leadership Transition: Can New CEO John Ternus Navigate AI Challenges and Geopolitical Pressures?
Italy’s €100K Tax Gambit: Europe’s Soft Power Tax Haven
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
Meghan Markle Plans Exclusive Women-Focused Retreat During Australia Visit
Starmer and Trump Hold Strategic Talks on Securing Strait of Hormuz Amid Rising Tensions
Unofficial Australia Visit by Prince Harry and Meghan Expected to Stir Tensions with Royal Circles
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
UK Stocks Rise on Ceasefire Momentum and Renewed Focus on Diplomacy
UK to Hold Further Strategic Talks on Strait of Hormuz Security
Starmer Voices Frustration as Global Tensions Drive Up UK Energy Costs
UK Students Voice Concern Over Proposal for Automatic Military Draft Registration
Rising Volatility Drives Uncertainty in UK Fuel and Petrol Prices
UK Moves to Deploy ‘Skyhammer’ Anti-Drone System to Strengthen Airspace Defense
New Analysis Explores UK Budget Mechanics in ‘Behind the Blue’ Feature
Man Arrested After Four Die in Channel Crossing Tragedy
UK Tightens Immigration Framework with New Sponsor Rules and Fee Increases
UK Foreign Secretary Highlights Impact of Intensified Strikes in Lebanon
UK Urges Inclusion of Lebanon in US-Iran Ceasefire Framework
UK Stocks Ease as Ceasefire Doubts in Middle East Weigh on Investor Confidence
UK Reassesses Cloud Strategy Amid Criticism Over Limited Support Measures
×