Ukraine crisis: Five Russian banks and three wealthy individuals hit by UK sanctions on Moscow 

Ukraine Russia

Ukraine crisis: Five Russian banks and three wealthy individuals hit by UK sanctions on Moscow. Source:

According to News.Sky, the prime minister told the House of Commons it was the “principal tranche” and “first barrage” of measures in light of Russian soldiers moving into two nonconformist areas of Ukraine.

He continues, “We hold further authorizes at status to be conveyed,” Mr. Johnson told MPs, as he cautioned of an “extended emergency” in Ukraine. The five Russian banks designated are Rossiya, IS Bank, General Bank, Promsvyazbank, and the Black Sea Bank.The PM also said approvals would be applied to Gennady Timchenko, Boris Rotenberg, and Igor Rotenberg as three “extremely high total assets people.”

“The UK will freeze any resources they hold, and the people concerned will be restricted from traveling, and we will preclude all UK people and substances from having any dealings with them,” Mr. Johnson said.

Mr. Timchenko is a significant investor in Rossiya, while the Foreign Office portrays the Rotenberg’s close connections to Russian President Vladimir Putin.

Boris Rotenberg is a significant investor of SMP Bank, while Igor Rotenberg puts resources into Russia’s vehicle area.

Every one of the three has been on the US sanctions list for various years as partners of Mr. Putin.

The PM tended to the Commons in the wake of leading a gathering of the public authority’s crisis COBRA board of trustees at 6.30 am toward the beginning of today.

We’ve reported that the Middle Eastern country is equipping to turn into a worldwide crypto center.


Pay Space

6991 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.