Following Russia's Invasion Of Ukraine, The UK Has Imposed Sanctions On Two More Russian Oligarchs, Alisher Usmanov And Igor Shuvalov

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Following Russia's Invasion Of Ukraine, The UK Has Imposed Sanctions On Two More Russian Oligarchs, Alisher Usmanov And Igor Shuvalov

Mr Shuvalov served as the deputy prime minister of Russia under President Vladimir Putin and is now the chairman of a Russian bank's management board.

Their assets will be frozen, and they will be barred from entering the UK under the new limitations imposed by the UK government.

They will not be able to deal with British citizens or enterprises.

"We will continue to utilize every power we have to inflict maximum economic pain on Putin and his war machine as long as he continues his barbarous onslaught on innocent Ukrainians," Boris Johnson stated.

"We won't stop here," Foreign Secretary Liz Truss said, "our goal is to destroy the Russian economy and starve Putin's war machine."

The two men had "major interests in the UK and close ties to the Kremlin," according to the authorities.

Mr. Usmanov formed the USM Holding corporation, which owns iron, steel, and copper suppliers as well as the Megafon telecommunications company.

Mr Usmanov owns 49 percent of the company, which sponsored Everton's training field and has a naming-rights option for the club's new stadium, which is set to open in 2024.

Everton, on the other hand, canceled the company's sponsorship on Wednesday, citing the club's "shock and sadness" over the "appalling events happening in Ukraine."

Farhad Moshiri, Mr Usmanov's business partner and Everton's primary investor, has since stood down as chairman of USM and said that he has terminated all business ties with the Russian.

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