LONDON — The U.K. has sanctioned Uzbekistan-born Russian billionaire Alisher Usmanov and former Russian Deputy Prime Minister Igor Shuvalov as it targets the inner circle of Russian President Vladimir Putin, following his deadly invasion of Ukraine.
The British government, which had been criticized for moving more slowly than the EU in sanctioning Russian oligarchs, announced Thursday that both individuals had been added to its sanctions list, which now includes 13 Russian individuals.
“Sanctioning Usmanov and Shuvalov sends a clear message that we will hit oligarchs and individuals closely associated with the Putin regime and his barbarous war,” British Foreign Secretary Liz Truss said. “We won’t stop here. Our aim is to cripple the Russian economy and starve Putin’s war machine.”
The pair — who were already on the EU’s sanctions list — have had all their assets frozen, have been banned from traveling to the U.K. and will not be able to do any business with any U.K. citizen or company in Britain. Their combined wealth is $19 billion, according to the U.K. government.
Usmanov is the founder of USM Holdings, a firm that operates in the extractives and telecoms industries, and has already seen his commercial links to Everton Football Club be suspended. He owns Beechwood House in Highgate, worth an estimated £48 million, as well as a 16th-century estate in Surrey. He also had his £437 million luxury megayacht seized in Germany on Wednesday.
Shuvalov, who directed Russia’s bid for football’s 2018 World Cup and served in Putin’s Cabinet, owns two luxury apartments in central London.