UK imposes sanctions against ‘Nickel King’, Russia’s second richest person

Vladimir Potanin,  Russia’s second-richest person

© APA | Vladimir Potanin, Russia’s second-richest person

# 29 June 2022 17:37 (UTC +04:00)

Vladimir Potanin, known as the “Nickel King” and Russia’s second-richest person, has become the latest Russian oligarch to be subjected to sanctions by the UK as ministers target “Putin’s inner circle," APA reports citing The Guardian.

The government on Wednesday announced sanctions against Potanin, who was deputy prime minister under Boris Yelstin; Anna Tsivileva, a cousin of Putin and President of the prominent Russian coal mining company JSC Kolmar Group; and Said Gutseriev, son of the already blacklisted Russian billionaire Mikhail Gutseriev.

“As long as Putin continues his abhorrent assault on Ukraine, we will use sanctions to weaken the Russian war machine,” a government spokesperson said. “Today’s sanctions show that nothing and no one is off the table, including Putin’s inner circle.”

The Foreign Office said Potanin was added to the list of more than 1,000 Russians hit by sanctions because he “continues to amass wealth as he supports Putin’s regime, acquiring Rosbank, and shares in Tinkoff Bank in the period since Russia’s invasion of Ukraine”.