Yachts seized, wealth stripped: Russian oligarchs behind the war hit hard by sanctions blitz

UK has tightened its sanctions policy against Russian oligarchs. New restrictions allow for the confiscation of yachts and aircraft. So, in July 2023, the sanctioned Russian oligarch Sergei Naumenko lost a lawsuit against the British government. He demanded that the Ministry of Transport cancel the seizure of his superyacht Phi, worth 38 million pounds. The court dismissed the claim and upheld the verdict. Russian oligarchs finance Russia s war against Ukraine. Without the participation of big Russian business, the regime would not have been able to conduct fullscale military operations. Such conclusions were reached by the employees of the independent portal of journalistic investigations Project. More details in our material. Subscribe to The Gaze: UATV Explains page: Subscribe to UATV English: Facebook: Twitt