Business News

Canada puts sanctions on Russian media tycoon Alexander Lebedev | Alexander Lebedev

Canada has put sanctions on Alexander Lebedev, the previous KGB agent who little greater than a decade in the past purchased the Night Normal and the Impartial.

The Russian billionaire was named in a contemporary wave of sanctions towards Vladimir Putin’s regime introduced on Friday that additionally included a ban on the import of Russian vodka, diamonds and caviar, based on the Globe and Mail in Canada.

Lebedev, whose hyperlinks to the British prime minister, Boris Johnson, are properly documented, has not been subjected to sanctions by the UK.

The Canadian authorities mentioned the ban on commerce in luxurious items and the addition of 14 oligarchs and associates of the Russian president was aligned with related measures imposed by allies such because the US and the EU, and would “help to mitigate the potential for Russian oligarchs to circumvent restrictions in other luxury goods markets”.

The sanctions bundle, introduced by Canada’s international minister, Melanie Joly, covers items that have been price $75.7m (£47m) in 2021. It additionally bans the export of jewelry, artwork and kitchenware to Russia and restricts the export of “goods that could be used in the production and manufacture of weapons”.

“The Putin regime must, and will, answer for their unjustifiable acts,” Joly mentioned. “Canada, together with our allies, will be relentless in our efforts to maintain pressure on the Russian regime until it is no longer able to wage war. We are unwavering in our support for Ukraine and its people.”

Lebedev funds the Russian opposition newspaper Novaya Gazeta. His son Evgeny owns the Night Normal and the Impartial and was appointed to the Home of Lords in 2020 regardless of considerations raised by MI5. He revealed an announcement within the Normal in February during which he pleaded with Putin to finish the conflict.

Signal as much as First Version, our free every day e-newsletter – each weekday morning at 7am

In line with the Globe and Mail, different figures Canada has newly subjected to sanctions embrace Gleb Frank, a number one Russian fishery firm proprietor; his father Sergei Frank, the previous minister of transport and former CEO of Russian delivery agency Sovcomflot; and Sergei Frank’s spouse, Ksenia Frank, the daughter of Gennady Timchenko, an oligarch and an affiliate of Putin.

David Davidovich, a detailed affiliate of Roman Abramovich, who has been pressured to promote Chelsea after being positioned underneath sanctions within the UK, was additionally sanctioned.

The contemporary wave of sanctions got here as talks between G7 nations and Ukraine’s prime minister, Denys Shmyhal, concluded in Germany.

Canada has to this point sanctioned greater than 1,000 people and entities from Russia, Belarus and Ukraine for the reason that begin of Russia’s invasion.

Supply hyperlink

Leave a Reply

Your email address will not be published.