2/28/22, 8:18 AM Russia sanctions list: What the west imposed over the Ukraine invasion | Financial Times

War in Ukraine
Russia sanctions list: What the west imposed over the Ukraine invasion
Measures put in place by US, UK and EU so far against individuals and companies

Among the individuals placed under sanctions are, from left, Aleksandr Bortnikov, Kirill Shamalov, Sergei Lavrov, Vladimir Putin, Sergei Shoigu and Valery
Gerasimov © FT montage/EPA/Bloomberg/ Getty

Eir Nolsoe in London and Valentina Pop in Brussels YESTERDAY

The US, UK and EU have adopted sanctions aimed at freezing the assets of President Vladimir
Putin and his foreign minister, Sergei Lavrov, in response to the war in Ukraine. They also plan to
place sanctions on the Russian central bank and remove some of the country’s lenders from the
Swift global payments system, in addition to other economic sanctions. Other allies, including
Japan, Canada, Australia and South Korea, have also adopted sanctions.

Here is a list of the main sanctions imposed so far by the US, UK and the EU.

Politicians, officials and oligarchs

• President Vladimir Putin’s foreign-held assets in the EU, US and UK are frozen,
but he is still allowed to travel to those jurisdictions. The reason for the asset freeze,
according to the EU legal text published on Friday, is his recognition of the
independence of Donetsk and Luhansk, ordering the Russian armed forces into
those areas and for the full-scale invasion of Ukraine.

• Sergei Lavrov, Russia’s foreign minister, is also subject to an EU, UK and US asset
freeze for being “responsible for and actively supporting actions undermining the
territorial integrity, sovereignty and independence of Ukraine, as well as stability
and security in Ukraine”. He is still allowed to travel.

• Sergei Shoigu, Russian defence minister, and Aleksandr Bortnikov, head of the
Russian security service (FSB), are both on the EU and US travel ban and asset
freeze list.

• Valery Gerasimov, chief of the Russian armed forces, is now on the UK and US
travel ban and asset freeze list. He was already blacklisted by the EU in 2014.

• Russian parliament: The EU imposed sanctions on 351 members of the Russian

Duma, placing them on a travel ban and asset freeze list, while the UK took that
measure only against members of the Duma and Federation Council who voted to
recognise the independence of Donetsk and Luhansk. The US had previously
imposed sanctions on the head of the Duma.
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• Russian security council: Members of the council are on the EU and US travel
ban and asset freeze lists.

• Belarus officials: The EU and the US placed military, government and border
officials from Belarus on their asset freeze and travel ban list for helping to plan and
actively supporting the Russian military offensive against Ukraine.

• Kirill Shamalov, Russia’s youngest billionaire and previously married to Putin’s

daughter Katarina, is banned from travelling to the UK and his assets there are being
frozen.

• Petr Fradkov, head of Promsvyazbank and son of the former head of Russian
foreign intelligence, is on the UK assets freeze and travel ban list.

• Denis Bortnikov, deputy president of Russia’s second-biggest lender VTB and son
of the FSB chief, is blacklisted in the UK, the EU and the US.

• Yury Slyusar, director of United Aircraft Corp, and Elena Georgieva, chair of the
board of Novikombank, a state-owned defence conglomerate, are banned from the
UK.

• Gennady Timchenko, Russia’s sixth richest oligarch who controls private

investment firm Volga Group which has interests in energy, transportation and
construction, is on the UK travel ban and asset freeze list.

• Boris Rotenberg, a Russian oligarch who co-owns the largest construction

company for gas pipelines in Russia, SMP Group, is under UK sanctions and so is his
nephew Igor Rotenberg, a majority shareholder in Gazprom Drilling.

• Violetta and Lyubov Prigozhina, the mother and the wife of Yevgeny Prigozhin,
who the EU says is responsible for sending Wagner Group mercenaries to Ukraine,
are banned from the EU and will have their assets frozen.

• Sergei Ivanov, a Russian senior official and politician who previously served in the
KGB, and his son, Sergei, chief executive of Russian state-owned diamond mining
company Alrosa and a board member of Gazprombank are both in the US sanctions
list. So are Nikolai Patrushev, secretary of Russian’s security council, his son,
Andrey, former chief executive of Gazprom Neft, oligarch Igor Sechin and his son
Ivan, deputy department head at Rosneft.

• Senior executives at state-owned banks: Alexander Vedyakhin (Sberbank),

Andrey Puchkov and Yuriy Soloviev (VTB), as well as Soloviev’s wife Galina
Olegovna Ulyutina, have also been added to the US sanctions list.

Banks and financial services

• Russia’s central bank: The EU already prohibits the “direct or indirect trade in
investment services for . . . securities and money-market instruments issued after
April 12, 2022.” In addition, the US, UK, Canada and the EU seek to “impose
restrictive measures that will prevent the Russian Central Bank from deploying its
international reserves in ways that undermine the impact of our sanctions”.

• Swift: A “select” number of Russian banks will be removed from the Swift
international payments system to “ensure that these banks are disconnected from
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the international financial system and harm their ability to operate globally”, the US,
UK, Canada and EU said in their joint statement Saturday. The banks are yet to be
identified.

• Sberbank: The US has cut off Russia’s biggest bank and 25 subsidiaries from the
US financial system. The sanctions restrict Sberbank’s access to US dollar
transactions. The financial institution accounts for close to a third of Russia’s
banking system and is very connected to the global financial system.

• VTB Bank: The US and the UK have frozen assets at Russia’s second-largest bank,
which is heavily exposed to western financial systems. This means the bank and its
subsidiaries will not be able to do any business in the UK or US or with their
nationals.

• Alfa-Bank and Bank Otkritie face an EU ban on issuing bonds, shares or loans in
the EU for refinancing, while the US has imposed debt and equity restrictions on
Alfa and full blocking sanctions on Otkritie.

• The EU and the UK have imposed asset freezes on Bank Rossyia and
Promsvyazbank. The US has also imposed full blocking sanctions on
Promsvyazbank.

• The US has issued full blocking sanctions against Sovcombank and

Novikombank, while placing new debt and equity restrictions on Russian
Agricultural Bank, Credit Bank of Moscow and Gazprombank.

• Is Bank, Genbank and Black Sea Bank for Development and

Reconstruction have been placed under sanctions by the UK.

• VEB.RF, a major financial development institution and an important source of

revenue for the Russian government, has been put under sanctions by the EU. It was
already on the US and UK lists.

• Belarus banks: The US imposed sanctions on two state-owned banks,

Belinvestbank and Bank Dabrabyt, in response to Minsk’s participation in the
Russian invasion. Additionally, two Minsk-based companies — real estate group
Belinvest-Engineering and financial leasing company CJSC Belbizneslizing —
are being listed for having acted on behalf of Belinvestbank.

Companies
UK

• Russian airline Aeroflot will be banned from UK airspace.

• Rostec — Russia’s largest defence company

• Uralvagonzavod — the world’s largest tank manufacturer.

• Tactical Missile Corporation — a major supplier of air and seaborne missiles.

• United Aircraft Corporation — a Russian holding company that supplies

military aircraft and includes all major Russian aircraft manufacturers.

• United Shipbuilding Corporation — the largest shipbuilding company in

Russia, which has constructed key Russian warships.
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EU

• EU-based companies are banned from exporting technology to Russian weapons

maker JSC Kalashnikov, among others, as well as pharmaceutical companies,
military communications units and shipyards.

• EU companies are banned from doing business with the following state-owned
companies: arms maker Almaz-Antey, truckmaker Kamaz, Novorossiysk
Commercial Sea Port, defence company Rostec, Russian Railways, nuclear
submarine maker Sevmash, hydrocarbons shipping company Sovcomflot and the
country’s largest shipbuilder United Shipbuilding Corporation.

• Internet Research Agency — a Kremlin-backed company that is behind Ukraine

disinformation campaigns and financed by Yevgeny Prigozhin, is also banned.

US

In addition to targeting Russia’s largest financial institutions, the US has heavily restricted
companies critical to the country’s economy from raising money through the US market. These
include:

• The world’s largest natural gas company, Gazprom, one of Russia’s largest oil
producers and refiners, Gazprom Neft, oil pipeline company Transneft and one
of Russia’s largest power companies, RusHydro.

• Russia’s largest maritime and freight shipping company, Sovcomflot, and one of
the world’s largest railroad companies, Russian Railways.

• The country’s largest communications operator, Rostelecom, and the world’s

largest diamond mining company, Alrosa.

Other measures
UK

• Restricting wealthy Russians’ access to UK banks, including a £50,000 limit on bank

accounts.

• Asset freezes against all Russian financial institutions.

• Measures to prevent Russian companies from issuing transferable securities and

money market instruments in the UK (in addition to prohibiting the Russian state
from raising sovereign debt in the UK).

• Powers to prevent designated banks from accessing sterling and clearing payments
through the UK.

• Prohibiting the export of high-end and critical technical equipment and components
in sectors including electronics, telecommunications and aerospace.

• The territorial sanctions that the UK has imposed on Crimea will be extended to
Donetsk and Luhansk, meaning no UK individual or business can deal with the
territories until Ukraine controls them again.

EU
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• A ban on Russian deposits above €100,000 in EU banks, on Russian accounts held

by EU central securities depositories and on selling euro-denominated securities to
Russian clients.

• A ban on listing the shares of Russian state-owned entities on EU trading venues.

• A ban on the sale, supply, transfer or export to Russia of technologies in oil refining
and restrictions for related services.

• An export ban on all aircraft, spare parts and equipment to Russian airlines, as well
as to the Russian space industry. This includes a prohibition on insurance and
reinsurance and maintenance services.

• Further restrictions on the export of dual-use goods and technology, including

semiconductors.

• Diplomats, Russian officials and business people will no longer be able to benefit
from visa facilitation provisions, which allow privileged access to the EU.

US

• The US has restricted the export of high-end US technologies to Russia, targeting its
defence, aerospace and maritime sectors in a bid to deprive its military from western
technology.

• It has also issued broad, sweeping restrictions on products including chips and
computers. Its new measures affect exports to Russia from outside of America if they
are made using US technology.

• Exemptions from the restrictions exist for international organisations, pandemic-

related deliveries, overflight and emergency landings, the energy sector and dealings
in certain debt or equity and derivative contracts.

See the legal documents outlining the sanctions here:

• Joint US-UK-Canada-EU statement

• UK sanctions

• EU first round of sanctions, EU asset freeze and travel ban, EU economic sanctions

• US asset freeze list, US sanctions against economic entities, US sanctions against

Belarus officials and banks

• Canada sanctions list

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