Britain imposed sanctions on individuals and companies accused of acting as financial intermediaries for "Roman Abramovich" and "Alisher Usmanov," who are from the Russian elite. The UK is tackling all forms of sanctions circumvention and cracking down on those responsible.
The British Foreign Office stated that the new measures target those who help the prominent businessmen to evade the full consequences of the sanctions imposed following the Russian invasion of Ukraine. The sanctions also targeted Usmanov’s financial network, including companies "USM," "Curzon Square Ltd," and "Hanley Ltd."
Foreign Secretary James Cleverly stated that they are "tightening the noose on the Russian elite and those trying to help them hide their money for war." He added, "We will continue to block access to the assets they thought they had successfully concealed."
Britain froze the assets of Abramovich and Usmanov weeks after the Russian invasion of Ukraine in February of last year.
