UK

Billionaire ex-Arsenal shareholder and former Russian deputy PM hit with sanctions by UK

Russia’s former deputy prime minister and a billionaire who previously held a major stake in football club Arsenal have become the latest oligarchs to be sanctioned by the UK, the Foreign Office said.

Foreign Secretary Liz Truss said Alisher Usmanov, who owned more than 30% of Arsenal before selling up to current owner Stan Kroenke, has been sanctioned.

He had since developed commercial links with fellow Premier League club Everton, but these were suspended on Wednesday.

Former Russian deputy prime minister Igor Shuvalov has also been sanctioned.

He is currently chairman of Russian state-owned development bank VEB.RF, which was one of three Russian banks to be sanctioned by the UK earlier this week.

Articles You May Like

Now even harder for UK’s biggest water company to function as debt downgraded to ‘junk’
E-quipment Highlight: Club Car Urban is the most practical electric pickup in US
CNH puts CASE, New Holland electric wheel loader into production
Harvey Weinstein in hospital with COVID and double pneumonia
Dexcom shares plunge more than 40% for worst day on record