The United Kingdom has eased sanctions against Russia, removing an individual from the list

Roman KostyuchenkoNews
The United Kingdom has eased sanctions against Russia
The United Kingdom has eased sanctions against Russia

The United Kingdom has lifted sanctions against Sergei Stognienko, a former top executive of one of Russia's largest banks, Otkritie. Consequently, he is no longer subject to restrictions, and his assets are not subject to freezing.

This was reported by the British government. "Sergei Stognienko has been removed from the sanctions list and is no longer subject to asset freezes or restrictions on trust services," the statement said.

At the same time, Russian mass media claim that at the time of the publication of the sanctions list, Stognienko "was not a member of the Otkritie board. This was the reason for his exclusion from the list.

"In June 2015, Stognienko was elected Deputy Chairman of the Board of Trust Bank. It is also known that in 2016 he held the interim position of Chairman of the Board of Trust. It is important to note that in 2018, the Trust was withdrawn from the ownership of Otkritie Bank. There is no information on the web about Stognienko's ties to the bank or any of its daughters after 2016. Thus, the delisting is related to the deliberately incorrect grounds for imposing sanctions against Stognienko," the statement said.

The UK has tightened sanctions against Russia

At the same time, the United Kingdom has imposed sanctions against Russia's oil and gold mining industry. The restrictions affected 29 individuals and legal entities for:

  • undermining or threatening the territorial integrity, sovereignty, or independence of Ukraine;
  • receiving benefits or support from the Russian Government.

Among those sanctioned is a network based in the UAE, through which, according to British authorities, more than $300 million in gold sales were transferred to Russia. And besides:

  • 2 of the largest Russian gold producers - Nord Gold Plc and Highland Gold Mining Ltd;
  • energy company Paramount Energy & Commodities DMCC - for the use of non-transparent structures that Russia used to reduce the impact of G7 oil sanctions;
  • Head of Rosfinmonitoring Yuri Chikhanchin,
  • Russian National Reinsurance Company;
  • Russian Union of Industrialists and Entrepreneurs.

By the way, Russian President Vladimir Putin recently spoke at the congress of the latter. He said that Western countries are facing empty store shelves and a massive shortage of goods, and it has already reached the point where they will soon have to buy turnips from Russia, which they allegedly already eat instead of tomatoes.

As reported by OBOZ.UA, at the same time, the relevant committee of the US lower house supported a bill that would allow confiscating Russia's frozen assets in the future. The proceeds are supposed to be used to help Ukraine.

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