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Russia-Ukraine War: Oligarchs Complain about sanctions after Putin’s invasion | World | News

Mikhail Fridman has demanded British authorities give him an allowance to buy food and take taxis as he currently “must eat at home”. Mr Fridman, who lives at Athlone House on the edge of Hampstead Heath, said he was “practically under house arrest” as a result of the sanctions. The Russian oligarch, who is the founder of Russia’s largest private bank, Alfa-Bank, has an alleged net worth of £11.9 billion.

He was also previously director of LetterOne, which owns a stake in health food company Holland & Barrett.

However, he stepped down from his position earlier this month.

Fridman, who has lived in London for eight years, was sanctioned by the British government on March 15.

Speaking to Spanish news outlet El Pais, Fridman said: “The authorities in the UK will have to give me a certain amount so I can take a taxi and buy food, but it will be a very limited amount with respect to the cost of living in London.”

“I can’t even pay at the restaurant.

“I had to eat at home and I was almost under house arrest.

“I’ve been in London for eight years, I’ve invested billions of dollars in the UK and other European countries and the answer is they confiscated everything and kicked me out.

“People who have been sanctioned should return to Russia, where they have no choice but to be completely loyal, and where they will continue to work, because they are energetic, brilliant and talented people, and they will start a business. and create jobs.”

READ MORE: EU shamed for ‘huge legal gap’ allowing oligarchs to live in luxury

“While a solution seems very far away, I can only join those who have a strong desire to end the bloodshed.

“I’m sure my partners share my views.”

Britain has slapped individuals, businesses and banks with sanctions in response to Putin’s invasion of Ukraine.

Last week, British Foreign Secretary Liz Truss announced a further 65 sanctions, including sanctions against Fridman’s Alfa-Bank.

He said: “These oligarchs, businesses and hired thugs are involved in the killing of innocent civilians and it’s true that they paid the price.

“Putin should not be under any illusions – we are united with our allies and will continue to tighten the screws on the Russian economy to help ensure he fails in Ukraine. There will be no pause.

“All those sanctioned today will have their assets in the UK frozen which means no UK national or company will be able to do business with them, and individuals affected by the travel ban are also barred from traveling to or from the UK.

“Today’s sanctions will bring the total global asset value of the UK-approved banks since the invasion to £500 billion and the net worth of oligarchs and family members to over £150 billion.”