Sanctions will also be imposed on eight other oligarchs, including Moshe Kantor, Acron’s largest shareholder, and Andrey Guryev, founder of another major fertilizer company, whom the United Kingdom has described as a close ally of Vladimir Putin. Others who have been sanctioned are Sergey Sergeyevich Ivanov, president of the world’s largest diamond producer, Alrosa, and Leonid Mikhelson, founder and CEO of the leading Russian gas company Novatek, with a net worth of 18 18 billion. The announcement came amid similar measures by Western allies, including the EU, which has also banned imports of Russian coal. The United States has also announced that it has imposed sanctions on Sberbank, Russia’s largest bank, along with the United Kingdom. The United Kingdom will impose assets on Sberbank and Credit Bank of Moscow and enforce a total ban on all new εξωτερ 11 billion foreign investment in Russia by 2020. By the end of 2022, the United Kingdom will end all dependence on Russian coal and oil, the sanctions announcement said, pledging to end gas imports “as soon as possible”. Export bans on basic oil refining equipment as well as a ban on imports of iron and steel products will also be introduced.
