Russian Oligarch Sanctions: Frozen Assets, Due Process and What Happens Next

STR: Suspicious Transaction Report · Mar 6, 2026 · 43m

Following Russia's full-scale invasion, Western governments issued a slew of sanctions against oligarchs. But to what end? What's been achieved, and what happens next?

Over the past decade, the UK has grappled with its reputation as 'Londongrad': a home for oligarchs – most often from Russia – to park and enjoy their money. Successive governments resisted calls for action against these individuals, whether the calls came from civil society, opposition MPs or European ambassadors in London. Even following the Salisbury poisonings in 2018, the oligarch community remained untouched.

That all…