Four Russians under sanctions entered the British register of homeowners

The deadline for foreign property owners to report the data of interest to London expired on January 31. At that time, the list included Vladimir Potanin,

The new register of foreign property owners, which has been launched in the UK since August 1, includes only four Russians who fell under the sanctions of the United Kingdom, REUTERS reports, citing data from the Registration Chamber.

Foreign companies must be registered in the register of foreign legal entities; Entities need to disclose their ultimate owners (whether they be an individual, an organization or a trust) if they are seeking to purchase property on UK soil or already own it. This must be done by January 31st. The measure applies to property purchased from January 1999 in England and Wales, from December 2014 in Scotland, from 1 August 2022 in Northern Ireland. Violation is punishable by a fine of £2.5 thousand per day or imprisonment for five years.

According to the Registration Chamber, as of the morning of January 31, of the Russians who fell under sanctions, only the co-owner of Norilsk Nickel, Vladimir Potanin, was listed in the register; HEAD of VEB.RF Igor Shuvalov with his wife Olga; ex-president of Evraz Alexander Frolov. At that time, Roman Abramovich, Oleg Deripaska and Alisher Usmanov were absent from it - the British authorities had previously stated that they own property in the country.

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Norilsk Nickel told Reuters that a subsidiary of the company is leasing office space in London and that Potanin has applied as the ultimate beneficiary. Representatives for Shuvalov and Frolov did not respond to agency inquiries.

In March 2022, the British authorities announced that Usmanov owned the Beechwood House mansion in London. According to land registry records, the Isle of Man-based Hanley Limited purchased the estate in 2008; its beneficiary is the Swiss Pomerol Capital Sa. Usmanov's representative told the agency that the businessman is not the owner of the objects attributed to him. Pomerol Capital did not respond to inquiries and Reuters was unable to confirm whether Usmanov currently owns any property in the UK.

Deripaska was named by the High COURT of London in 2007 as the owner of a mansion in Belgrave Square. The businessman's representative did not respond to inquiries; in March, he declared that the house did not belong to Deripaska, but to members of his family.

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Abramovich previously owned a mansion on Kensington Palace Gardens, one of the most expensive streets in the world. In August, BLOOMBERG wrote that the businessman ran into problems trying to sell it. Reuters reports that the agency was unable to establish whether he currently owns property in Britain.

As of the morning of January 31, according to the Companies House, more than 19 thousand foreign companies have disclosed the owners of British property. This is about two thirds of all such organizations in the Land Registry. A British government spokesman called the level of compliance "disappointing".