UK Sanctions Russia’s Second-richest Man Vladimir Potanin Who Is Worth £13 Billion

Vladimir Potanin, Russia’s second richest man has been included in the UK Government most recent list of wave of sanctions that will be imposed on Russia over the invasions on Ukraine.

Anna Tsivileva, Vladimir Putin’s first cousin, who is president of coal mining company, JSC Kolmar Group has also been placed on sanctions by the U.K Government.

Sergey Tsivilev, Anna’s husband is Governor of the coal-rich Kemerovo region and the couple have significantly benefitted from their relationship with Putin, according to a statement released by the Foreign Office.

The foreign office claimed that the billionaire who has an estimated net worth of £13 billion, continues to accumulate more riches since the inception of Putin regime and war against the Ukrainian.

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

According to Forbes, following Russia’s attack on Ukraine, he stepped down from the board of the Guggenheim Museum foundation, on which he served for two decades.
In May 2021, the British Court of Appeal overturned a lower court decision and allowed Potanin’s ex-wife Natalia to bring her $6 billion divorce claim in London.
As a result of sanctions, the Foreign Office claimed Russian car production is also down by 60 per cent and Russia’s own Transport Minister has admitted that Russia’s logistical infrastructure is now “broken” as a result of sanctions.