Usmanov and USM Holdings targeted in latest UK sanctions

12/04/2023 22comments  |  Jump to last

Britain has targeted individuals and companies who it accused of acting as "financial fixers" for Russian businessmen Roman Abramovich and Alisher Usmanov in its latest round of sanctions against Moscow for the war in Ukraine.

Britain's Foreign Office said in a statement on Wednesday the new measures were aimed at those helping the two prominent businessmen to avoid the full cost of financial sanctions.

"We are closing the net on the Russian elite and those who try to help them hide their money for war," foreign minister James Cleverly said in the statement. "We will keep cutting them off from assets they thought were successfully hidden."

Britain has frozen billions of pounds in assets and sanctioned 1,559 Russian individuals and 184 entities over the past year to punish Moscow for the conflict in Europe and to stymie its ability to carry on.

The latest sanctions were also targeted at Usmanov's financial network, including holding company USM, Curzon Square Ltd, which Britain said acted as his London office, and Hanley Ltd, according to the statement.

"We consider the UK sanctions adopted against USM Holdings and its shareholders to be unjust and unfounded," USM said in a statement, adding that it intended to challenge the restrictions as "unlawful".

"Alisher Usmanov has not been engaged in business activity for a long period of time," the statement added.

Britain, which froze the assets of Usmanov last year, said the measures ensure that assets linked to Usmanov – including the £90M Beechwood House mansion in London – remain sanctioned.



Reader Comments (22)

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Michael Kenrick
1 Posted 12/04/2023 at 17:35:57
And yet – somewhat incredibly – still no mention of someone who must have been his financial fixer-in-chief…? Still not one of the 1,559 sanctioned individuals...

Or maybe the club's parlous financial state is saving us here as it may be viewed more as a millstone than an asset, and thus surely a more effective drain on resources than merely having funds frozen by sanctions?

Or is that what will eventually prevent Moshirir from 'funding' the new stadium?

And we are to believe that Alisher Usmanov "has not been engaged in business activity for a long period of time"? Hmmm…

Dennis Stevens
2 Posted 12/04/2023 at 17:41:26
I find it hard to believe that Moshiri would be "helping [Usmanov] to avoid the full cost of financial sanctions".
Brendan McLaughlin
3 Posted 12/04/2023 at 18:10:03
Dennis #2,

Maybe Moshiri is looking for some experience in the area in the hope of helping Everton avoid any Premier League sanctions.

Michael Kenrick
4 Posted 12/04/2023 at 18:10:41

That phrase didn't really catch my eye as much as this one did:

"We will keep cutting them off from assets they thought were successfully hidden."

Given the very close connection that existed, even to the point of questions asked in Parliament, maybe the key word is "successfully hidden". USM funding of Everton and the new stadium has never been hidden – it's always been out there.

Jerome Shields
5 Posted 12/04/2023 at 18:27:45
I find that a strange statement to be putting out. There is no real substance to it, just knowing like threats.
Will Mabon
6 Posted 12/04/2023 at 18:35:11
Pots, kettles and the colour black. Oh, the hypocrisy.

There's no business like show business.

Tony Abrahams
7 Posted 12/04/2023 at 18:59:28
Sorry Michael, I didn't realize Big Al's name was Alisher, but it definitely must be very worrying for Farhad Moshiri?

It's definitely down to Bill Kenwright, this, because it's very unlikely that any legitimate businessmen would have tolerated such an inept nepotistic egomaniac?

Maybe that's me just being cynical, because there was nothing wrong with Russian money being hidden here a couple of years ago, but suddenly openness and transparency have become the order of the day for our very straight politicians, and this isn't so easy to understand!

Barry Hesketh
8 Posted 12/04/2023 at 19:31:54
Usmanov's businesses are certainly on the US hit list too. Perhaps, Moshiri extricated himself from USM and Usmanov earlier than many believed, or he's such a terrible businessman that nobody thinks he's worth going after. The trouble with all of this is that any sale or even part sale of Everton FC will come under ever more scrutiny to ensure none of the proceeds go to Usmanov and company.

Treasury Targets Russian Financial Facilitators and Sanctions Evaders Around the World

Colin Glassar
9 Posted 12/04/2023 at 19:51:42
Now the Yanks are going after Usmanov and his underlings.

Better get that stadium finished and sold, Farhad, as you might soon be sharing a cell in San Quentin with your boss, Alisher… and Donald Trump.

Danny O’Neill
10 Posted 12/04/2023 at 20:32:55
Taking Everton out of the equation, I don't have issue with clamping down on Putin and his associates in support of Ukraine.

But… (always a 'but')…

We are outraged now, when in fact, Russia invaded Ukraine in 2014.

No one batted an eyelid or turned down their money or energy supplies between then and the recent crisis.

And let's not talk about Saudi investment. Another moral high ground debate.

Get safe. Get the stadium built. Light up the Royal Blue Mersey.

Paul Birmingham
11 Posted 12/04/2023 at 20:43:22
In 2018, Usmanov, sold up his stake in Arsenal to Kroenke, but had been at Arsenal, since 2008, with a significant share stake.

So, in terms of what happened in 2014, the Russian annexation of Crimea, and what's happened since, this could be interesting.

Bill Gall
12 Posted 12/04/2023 at 21:51:39
No one was really bothered about the Oligarchs even when the invasion first started. Abramovich, Usmanov, and other Russians were spending and buying into clubs and properties for years and there was no problem.

The reason all the sanctions were put on them was the governments believed that, if they lost enough money and properties, they would pressure Putin to stop the war against Ukraine; this has not happened.

No one is saying that they are model citizens but, if the invasion of Ukraine had not happened, we would have welcomed the money for the naming writes on the new stadium, and there are worse regimes investing in the Premier League with silence from the league.

Stephen Davies
13 Posted 13/04/2023 at 00:52:52
Jerome Shields
14 Posted 13/04/2023 at 08:07:59

Reading that I would say that Moshiri at least being investigated. it could explain his preference for a Investor, rather than a buyer, taking on board your view..Could explain that the only time we have seen him was in his pullover, which he tried to fit on all of us.

Taking it at face value the selection of Bramley Dock as a Euro's venue and the Goodison Development p!an,all in separate Companies, being linked to EitC in recent reports, Moshiri possibly has distanced himself enough and by the nature of the business involved, pumping in his own money with abandonment,who is going to find fault with that? Would the Football Authorities be prepared to seem to provide endorsement, if there was the hint of anything.

Actually I think it would be better that they investigated Bill. Moshiri then could be a victim, with all our support, having been robbed by Bill.

Danny O’Neill
15 Posted 13/04/2023 at 08:32:46
Bill, I keep repeating myself.

We continued taking Russian money as a country as did the European continent years after the Russian invasion of Ukranian soil in 2014.

A few stern words and statements but that was it.

And no one batted an eyelid at their 2008 incursion into Georgia, where they still hold 20% percent of internationally recognised sovereign Georgian territory.

Outraged when it suits. Act after the horse has bolted.

Double standards? Or selective at best.

Steve Shave
16 Posted 13/04/2023 at 08:39:44
I know how much everyone likes to blame everything on Kenwright (and yes much of that is true) however, Moshiri is the one who has brought our great club under such scrutiny.

Moshiri is the one who hired the DOFs then ignored them, Moshiri is the one who gave too much power to agents in the past. Moshiri is the one with the dodgy financial links to Usmanov which have brought us under scrutiny. Moshiri is one in charge of the purse strings which funded and rubber stamped our dreadful transfer record under his tenure. Moshiri is the ACCOUNTANT in charge who has now brought us within real threat of FFP and potentially, relegation.

If that wasn't bad enough, Moshiri is the one who chooses Jim White as his media mouthpiece. How this man was so successful prior to Everton I do not know, he may have put his money where his mouth is but boy has he fucked it up.

MSP for 100% control of our club please, sack the board.

Will Mabon
17 Posted 13/04/2023 at 19:10:26
Hmm - censored. Well, well.
Will Mabon
18 Posted 13/04/2023 at 19:41:50

seems there was post movement between threads so feel free to erase this and the above.

19 Posted 28/04/2023 at 13:20:34

20 Posted 28/04/2023 at 13:20:51

21 Posted 28/04/2023 at 13:20:51

22 Posted 28/04/2023 at 13:20:51

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