Ex-Russian deputy PM and former Arsenal shareholder latest oligarchs sanctioned by UK

Business

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.

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