Topline
The United Kingdom sanctioned the long-time suspected girlfriend and the ex-wife of Russian President Vladimir Putin, the U.Okay. introduced Friday, the newest effort by the West designed to hit Putin the place it hurts financially and personally in retaliation for his nation’s invasion of Ukraine.
Russian President Vladimir Putin, left, stands along with his then-wife Lyudmila Ocheretnaya in 2006.
Key Facts
Alina Kabaeva, a Russian ex-gymnast thought by the U.S. authorities to be Putin’s girlfriend and mom of his youngsters, was a part of the U.Okay.’s newly introduced penalties, describing her as having “a close personal relationship with Putin” in its announcement.
The U.Okay. sanctioned 11 extra members of Putin’s “shady” social circle, together with his ex-wife Lyudmila Ocheretnaya and 5 different members of the family and 5 shut associates, freezing their belongings within the U.Okay. and barring them from getting into the nation.
They are the newest penalty personally concentrating on Putin, who is extremely secretive about his private life and has publicly denied a relationship with Kabaeva, who’s 31 years his junior and is reportedly additionally a part of the EU’s subsequent spherical of sanctions nonetheless underneath negotiation.
Penalties in opposition to Kabaeva signify a “purely personal attack” in opposition to Putin and places “more gasoline on the fire” in opposition to the Russian chief, James F. Reardon, a Geneva-based worldwide litigation lawyer who research EU sanctions, instructed Forbes final week following stories the EU was mulling sanctions in opposition to her.
The EU, U.Okay. and U.S. and several other different international locations sanctioned Putin February 25 a day after Russia invaded Ukraine, freezing his belongings within the territories, however Western officers have recommended Putin’s belongings within the West are tied up with members of the family.
Putin’s daughters Katerina Tikhonova and Maria Vorontsova have been sanctioned by the EU, U.Okay. and U.S. in early April.
Crucial Quote
Despite Putin’s household not taking part in a direct identified function in Russia’s invasion, they’re the “most justifiable” goal of particular person sanctions legally, Viktor Winkler, a sanctions skilled who previously led German financial institution Commerzbank AG’s sanctions compliance division, instructed Forbes. The “core” purpose of sanctions are to punish Putin for ordering the invasion, Winkler defined, including that concentrating on these “most dearest” to Putin make his daughters and reported girlfriend “more legal” targets of sanctions than different Russians dealing with penalties, together with oligarchs and politicians, attributable to their stronger connection to the person liable for starting the conflict.
Surprising Fact
The Wall Street Journal reported final month the U.S. scrapped earlier plans to sanction Kabaeva out of concern the Russian chief might lash out in response. The U.S. has not been reported to alter its choice on sanctioning Kabaeva following stories concerning the EU’s plans, although the U.S. and EU have coordinated lots of their sanctions collectively.
What We Don’t Know
How rich Putin is. Like his private life, Putin’s fortune is shrouded in secrecy, and it’s unknown how a lot of a lower he will get, if any, from awarding favorable enterprise offers to Russian oligarchs. The Russian authorities’s official 2021 revenue disclosure of Putin lists his annual revenue at a modest 10.2 million rubles (about $150,000).
Further Reading
As Biden Mulls Sanctions, Three Theories On How Putin Makes His Millions (Forbes)
Putin-Linked Superyacht May Elude Sanctions, by Setting Sail (New York Times)
How Russia’s Wealthiest Oligarch Is Expanding His Financial Empire Free From Sanctions (Forbes)
U.Okay. Sanctions Putin’s ‘Shady’ Network Of Family And Friends—Including Rumored Girlfriend (Forbes)
Here Are All The Sanctions Targeting Putin After U.Okay. Sanctions His Ex-Wife, Rumored Girlfriend & More Latest News Update
Here Are All The Sanctions Targeting Putin After U.Okay. Sanctions His Ex-Wife, Rumored Girlfriend & More Live News
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Here Are All The Sanctions Targeting Putin After U.Okay. Sanctions His Ex-Wife, Rumored Girlfriend & More News Today
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