UK updates basis for Mikhail Fridman designation

26 June 2026

UK updates basis for Mikhail Fridman designationMistervlad/Shutterstock.com

The UK has amended its statement of reasons for listing Mikhail Fridman under the Russia (Sanctions) (EU Exit) Regulations 2019. Mr Fridman was UK-sanctioned in 2022 for being a director of the Alfa Group, which is active in Russia’s financial services sector. The basis for his designation has now been updated to include his association with Petr Aven, who is also UK-sanctioned for being linked to the Alfa Group.

Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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