UK imposes sanctions on Russian oligarch Vladimir Potanin

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The UK government said the latest round of sanctions “show that nothing and no one is off the table, including Putin’s inner circle”.

He recently acquired Société Générale’s subsidiary Rosbank after the French giant left the country, then purchased Oleg Tinkov’s stake in online bank Tinkoff after the founder said he had come under Kremlin pressure for criticising Putin and the war in Ukraine.

Norilsk is crucial to supplies for electric batteries, a sector already dealing with a nickel shortage, and the automotive industry, which needs palladium for the catalytic converters of normal cars.

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Author / Journalist: Max Seddon

Category: MarketsFinanceInvesting

Topics: Nickel Norilsk Cent Mining Company Sanctions Vladimir Financial Palladium Potanin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-29, 12:30:53

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 4 minutes read

Article Length: 688 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 20247

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