UK lifts sanctions against Oleg Tinkov

Tinkov, who lived in Britain and was treated there for leukemia, came under its sanctions in March 2022. Because of this, he had to leave the country. He appealed to the authorities with a request to lift restrictions, he was supported by Richard Branson Oleg Tinkov

Businessman, founder of Tinkoff Bank Oleg Tinkov is no longer under British sanctions, follows from the message of the country's Ministry of Finance.

“One cancellation (delisting) was made under the sanctions regime against RUSSIA,” the updates to the sanctions list say. Tinkov's name is no longer in it.

Tinkov, who suffers from leukemia, has lived and received treatment in Britain in recent years. As The Times wrote, he now lives in Europe (the country is not specified). According to the ex-banker, the sanctions interfered with the process of his treatment.

The businessman fell under British sanctions, which imply a ban on entry and freezing of assets, a month after the start of a special operation in Ukraine . In March of this year, it became known that Tinkov appealed to the British authorities with a request to remove restrictions from him.

He called their introduction against himself a mistake, but he considered the sanctions against the majority of Russian entrepreneurs deserved. He noted that some of them did not succeed, "if it were not for corruption", while others support military operations in Ukraine. “I am neither,” said the businessman.

The opposition leader, ex-head of Yukos Mikhail Khodorkovsky (recognized as a foreign agent) and British billionaire, founder of the Virgin group of companies Richard Branson (state, according to FORBES , $ 3.1 billion) advocated the removal of restrictions from Tinkov.

Tinkov in February last year opposed the special operation in Ukraine. Already in April, he sold his 35% stake in TCS Group, whose main asset is Tinkoff Bank. It was acquired by Vladimir Potanin's Interros. The details of the deal were not disclosed. Tinkov said that he was forced to sell bank shares because of his position on the special operation "for a penny." The businessman also claimed that Potanin paid him no more than 3% of the real value of the share.

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As of the close of trading at the time of the sale, the market capitalization of TCS Group on the Moscow Exchange could be estimated at $6.9 billion, respectively, 35% of the company could cost about $2.4 billion. Kommersant wrote that 35% of TCS Group could be sold much cheaper , for $ 300 million. An acquaintance of Tinkov told RBC that the amount of $ 350 million was discussed.

Potanin, commenting on Tinkov’s statement about the amount of the transaction, said in an interview with Interfax: “I can’t call hundreds of millions of dollars a penny. For me, that's a lot of money."

Last October, Tinkov announced that he intended to renounce his Russian citizenship, but the post disappeared from his Instagram account the next day (Meta, the owner of the social network, is recognized as extremist in Russia and banned).