Britain published sanctions against five banks and three individuals on Tuesday, part of a package of measures in response to Russia's recognition of two breakaway regions of eastern Ukraine as independent.
Reason given: Boris Rotenberg "is a prominent Russian businessman with close personal ties to Russian President, Vladimir Putin. Rotenberg is a major shareholder of SMP Bank and sits on its Board of Directors."
"The Rotenberg brothers, have known Putin since they were boys growing up in St Petersburg," Britain said. The bank "has been involved in providing financial services, or making available funds, economic resources, goods or technology and engaging in, providing support for, or promoting any policy or action that could contribute to destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine."Reason given: "A Crimean bank that was created immediately after the illegal annexation of Crimea in 2014.
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