UK Sanctions Gold Trader and Miners in Latest Russian Clampdown
The United Kingdom has imposed sanctions on a gold trader and several mining companies in Russia in its latest effort to clamp down on the country’s human rights abuses. The sanctions, which were announced on November 8th, target the gold trader, Alexander Zhukov, and three mining companies, all of which are owned by Russian oligarchs.
Background of Sanctions
The UK has been imposing sanctions on Russia since 2014, when the country annexed Crimea. Since then, the UK has imposed sanctions on individuals and entities in Russia in response to the country’s human rights abuses, including its involvement in the conflict in Ukraine and its interference in the 2016 US presidential election.
The UK has also imposed sanctions on Russia in response to the poisoning of former Russian spy Sergei Skripal and his daughter in 2018. The UK has accused the Russian government of being behind the attack, which the Kremlin has denied.
Sanctions Target Gold Trader and Mining Companies
The latest sanctions target Alexander Zhukov, a gold trader who is believed to be close to the Kremlin. The sanctions also target three mining companies owned by Russian oligarchs: Oleg Deripaska’s Rusal, Viktor Vekselberg’s Renova Group, and Roman Abramovich’s Millhouse LLC.
The sanctions are designed to target individuals and entities that are believed to be involved in human rights abuses in Russia. The sanctions will freeze the assets of the individuals and entities and will also ban them from doing business in the UK.
UK’s Response to Sanctions
The UK government has said that the sanctions are part of its efforts to hold Russia accountable for its human rights abuses. The government has also said that the sanctions are a warning to other individuals and entities in Russia that they will be held accountable for their actions.
The UK government has also said that the sanctions are part of its efforts to promote human rights and democracy in Russia. The government has said that it will continue to impose sanctions on individuals and entities in Russia that are involved in human rights abuses.
Russia’s Response to Sanctions
The Russian government has condemned the sanctions, calling them “unacceptable” and “unjustified.” The Kremlin has also accused the UK of interfering in its internal affairs and has said that the sanctions are an attempt to undermine Russia’s economy.
The Russian government has also said that it will take “appropriate measures” in response to the sanctions. It is unclear what those measures will be, but the Kremlin has said that it will not be intimidated by the sanctions.
Impact of Sanctions
The sanctions are likely to have a significant impact on the individuals and entities that are targeted. The sanctions will freeze their assets and will make it difficult for them to do business in the UK.
The sanctions are also likely to have a broader impact on the Russian economy. The sanctions will make it more difficult for Russian companies to do business in the UK, which could have a negative effect on the country’s economy.
Future of Sanctions
It is unclear how long the sanctions will remain in place, but the UK government has said that it will continue to impose sanctions on individuals and entities in Russia that are involved in human rights abuses. The UK government has also said that it will continue to work with its allies to promote human rights and democracy in Russia.
The sanctions are likely to remain in place until the Russian government takes steps to address the human rights abuses that the UK has identified. Until then, the sanctions are likely to remain in place and could have a significant impact on the individuals and entities that are targeted.