Vladimir Potanin latest oligarch to be subjected to sanctions as ministers target ‘Putin’s inner circle’
Vladimir Potanin, known as the “Nickel King” and Russia’s second richest person, has becometo be subjected to sanctions by the UK as ministers target “Putin’s inner circle”.
The Foreign Office said Potanin was added to the list of more than 1,000 Russians hit by sanctions because he “continues to amass wealth as he supports Putin’s regime, acquiring Rosbank, and shares in Tinkoff Bank in the period since Russia’s invasion of Ukraine”. Potanin this week ordered his $300m superyacht Nirvana to dock in Dubai, where oligarchs are sheltering their superyachts and other assets to avoid the risk of them being seized by western governments.
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