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UK sanctions Gazprombank, Alfa Bank and shipping firm Sovcomflot

UK sanctions Gazprombank, Alfa Bank and shipping firm Sovcomflot
# 24 March 2022 14:00 (UTC +04:00)

Britain froze the assets of Russia's Gazprombank and Alfa Bank, and the state-run shipping firm Sovcomflot (FLOT.MM), in its latest round of sanctions announced on Thursday, APA reports citing Reuters.

They were among 59 individuals and entities added to the sanctions list which has been used to target Moscow since Russia invaded Ukraine.

Gazprombank is one of main channels for payments for Russian oil and gas.

Among the individuals sanctioned were oil tycoon Evgeny Shvidler, founder of Tinkoff bank Oleg Tinkov and German Gref, the CEO of Russia’s largest bank Sberbank, the Foreign office said.

The sanctions also targeted Russian Railways, and defence company Kronshtadt, the main producer of Russian drones. Private military contractor Wagner Group has also been sanctioned.

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