Public announcements by UK government or major news outlets

Putin Ally Petr Aven Forfeits £750,000 in UK Sanctions Case

Jul 29, 2024, 02:55 PM

Russian billionaire and Putin ally Petr Aven has agreed to forfeit more than £750,000 to end a nearly two-year investigation by British police over sanctions dodging. This marks the first successful asset seizure of a Russian oligarch by British authorities, who confiscated over £750,000 (approximately $963,260) from Aven. The cash had been frozen in 2022 following Aven's sanctioning by the UK for his support of the Kremlin amidst Russia's invasion of Ukraine.