Staff working on luxury yachts and private jets owned by sanctioned Russian oligarchs could face punishment as UK government tightens restrictions

  • Date: 31-Mar-2022
  • Source: Business Insider
  • Sector:Economy
  • Country:Gulf
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Staff working on luxury yachts and private jets owned by sanctioned Russian oligarchs could face punishment as UK government tightens restrictions

Crew working on superyachts and private jets belonging to sanctioned Russian oligarchs could be subject to UK sanctions after the government tightened restrictions on Wednesday. New legislation was introduced by the UK to stop British firms providing crew and technical assistance to vessels and aircraft belonging to sanctioned Russian oligarchs, according to a government . The measures mean that oligarchs will experience more difficulties in hiring workers who could sail or fly the assets out of the country, reported. It also means that the reach of sanctions could extend to assets that have moved beyond UK and EU territorial waters — such as , which sailed from EU waters to sanctions-free Turkey — according to The Guardian. If UK firms were found to be servicing assets belonging to sanctioned individuals located elsewhere, they could face punishment, the paper reported. "The UK can now prohibit sanctioned oligarchs from benefitting from the UK's world leading aviation and maritime industries and engineers," the government said in the statement. The UK's Foreign, Commonwealth & Development Office and the Department for Transport didn't immediately respond to Insider's request for further comment. "Today's legislation adds new routes at our disposal to deprive oligarchs' access to their