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The UK has imposed sanctions on Russia’s rich

In a recent expansion of economic activity against Moscow, the British government imposed sanctions on Vladimir Potanin, Russia’s richest man, and the leader of MMC Norilsk Nickel.

With a net worth of $ 37.1 billion, according to the Bloomberg Billionaires Index, Botan has so far only been able to avoid Western sanctions against other members of the Russian elite imposed by Canada in April.

It is unknown at this time what he will do after leaving the post. Botan is the CEO of the company and holds more than 30% of the shares through his investment firm, Interrose. Also, nickel and palladium prices rose in the news.

Russia’s rich oppose Putin’s retaliation against sanctions

Since the Russian invasion of Ukraine, Botanin has acquired some of Russia’s leading private banks, including a deal to buy Rosbank from the Society General.

Botanin “continues to amass wealth in support of Putin’s regime because he bought shares in Rosbank and Dinkoff Bank following the Russian invasion of Ukraine,” the Foreign Ministry, Commonwealth and International Development said in a statement.

Norilsk Nickel’s Information Services Office declined to comment.

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