The European Union is preparing visa bans and asset freezes for Wildberries CEO Tatyana Kim and three other prominent Russian business figures, alongside measures against banks, an insurer and companies accused of helping sustain Russia’s oil trade.
Foreign ministers are due to agree the new sanctions in Brussels on Monday, 16 November, according to a leaked EU proposal seen by EUobserver. The proposed additions comprise 137 individuals and entities, joining an existing EU blacklist of more than 4,600 names.
The other business figures named are gold-mining baron Ruslan Baysarov, venture capitalist Alexander Chachava and real-estate mogul Sergey Matvienko. Kim’s proposed listing signals that wealthy Russians remain at risk of sanctions despite filing cases at the EU Court of Justice; the source also says some have managed to get removed through unexplained deals.
The package would also name 49 Russian banks and Balance Insurance, described as a leading insurer. It targets companies accused of helping Russian President Vladimir Putin keep oil revenues flowing: 13 oil-trading and shipping firms in the UAE, three in China, one in the Seychelles and one in Singapore. The source describes the measures as a show of strength, but says they could have gone further.
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