19 May 2023 09:49

UK imposes sanctions against Polyus, Sistema, MMK, TMK, Tinkoff Bank, state companies' board directors

MOSCOW. May 19 (Interfax) - The United Kingdom has implemented a major update to its Russian sanctions list, adding several publicly traded companies, a group of banks and members of the boards of directors of several state companies.

As of May 18, sanctions have been imposed against Sistema PJSFC ; gold miner PJSC Polyus ; steelmakers Severstal and Magnitogorsk Iron & Steel Works (MMK) ; pipe manufacturer TMK; OMK; RMC; Fesco Group; and Mechel Group's Chelyabinsk Metallurgical Plant.

The UK has also imposed restrictive measures on Igor Altushkin, who is the founder and chairman of the board of directors of Russian Copper Company.

Several senior executives of Gazprom Neft are also subject to sanctions, as well as Oleg Romanenko, head of the Zaporizhzhya nuclear power plant.

Also added to the sanctions list were Tinkoff Bank, Rosbank , Russian Regional Development Bank (RRDB) and Metallinvestbank.

The UK also imposed sanctions against Dom.RF and a number of companies that are part of Rosatom Group, including Atomflot, Renera and others.

The UK has additionally sanctioned 24 individuals and entities associated with the transportation sector, specifically the Sun Ship Management shipping company and six associated entities. Another 20 individuals and companies of the military-industrial complex have been sanctioned, including Alan Lushnikov and Vladimir Lepin, who are the directors of the Kalashnikov concern, and Motovilikha Plants and Bryansk Mechanical Engineering Plant.

Sanctions have also been imposed on members of the boards of Russian Railways (RZD) , shipping company Sovcomflot , and oil pipeline monopoly Transneft , including both government officials such as First Deputy Prime Minister Andrei Belousov, First Deputy Energy Minister Pavel Sorokin and Deputy Finance Minister Alexei Moiseyev, among others, and independent directors such as Gennady Shmal, Valery Shantsev and others.

The latest UK sanctions list overall includes 86 individuals and organizations associated with Russia's energy, metals and mining, defense, transportation, and financial sectors, respectively, according to a statement circulated on Friday on Downing Street.