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London Asset Hunters Uncover ‘Hundreds’ of Low-Key Russians for Possible Sanctions

  • UK firms have identified hundreds of names for potential bans
  • Work echoes Kroll investigation of Saddam Hussein in 1990s
A statue of a dragon marking the boundary of the City of London, UK.
A statue of a dragon marking the boundary of the City of London, UK.Photographer: Jason Alden/Bloomberg

A group of City of London firms that specialize in tracing assets has identified hundreds of senior Russians with assets abroad who could be added to international sanctions lists, in an effort to aid Ukraine’s fight against Vladimir Putin’s regime.

The move is part of international attempts to hit Russia with economic measures as Moscow pushes ahead with its military offensive against Ukraine. The effort began after Russia’s February invasion as governments around the world scrambled to impose prohibitions against oligarchs and other wealthy individuals deemed close to the Kremlin, people involved in the process said.