Britain announced sanctions Wednesday against those it says helped sanctioned Russian oligarchs to hide their assets. Leading the list was a Cyprus provider of shell corporations that disguised the investments of billionaire Roman Abramovich in the U.S. cannabis industry and other sectors, as Barron’s reported in January.
The U.K.’s Foreign Office imposed asset freezes, travel bans, and trust service sanctions against Demetris Ioannides and his Cyprus trust provider Meritservus HC Limited., saying Ioannides was “responsible for crafting the murky offshore structures which Abramovich used to hide over £760 million assets ahead of being sanctioned following Putin’s illegal invasion of Ukraine.”
The U.K. Sanctions ‘Financial Fixer’ Who Hid Abramovich’s Cannabis Investments
- Advertisment - 