US and UK Impose Sanctions on Enablers of Abramovich, Usmanov

The UK and US imposed sanctions on key advisers to Russian billionaires Roman Abramovich and Alisher Usmanov, accusing them of having helped the oligarchs hide their assets to avoid financial penalties linked to Russia’s invasion of Ukraine.

In one of the first big moves against so-called enablers, the UK said a pair of Cypriots helped to shield the billionaires’ wealth from asset freezes by moving their funds to family members and offshore trusts. An overlapping but not identical list of sanctions by the US targeted other members of a Cypriot network, including a trust created by Usmanov and his ...