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UK sanctions four Russian steel, petrochemical oligarchs funding war in Ukraine

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The U.K. has imposed sanctions against four Russian tycoons "who have enabled (Russian President Vladimir) Putin to mobilize Russian industries to support his military effort," the British government reported on Nov. 2.

The measures targeted Alexander Abramov and Alexander Frolov, known as business associates of Roman Abramovich, who are thought to have an estimated net worth of $4.7 billion and $1.95 billion respectively, the statement reads.

The U.K. has also sanctioned Airat Shaimiev, with an estimated net worth of $1 billion, and Albert Shigabutdinov, who is believed to have $1.1 billion net worth.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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