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Update to the UK Sanctions List: Russian Regime sanctions on Albert Kashafovich Shigabutdinov

02/05/2025

Today, 1 May, the UK Government made 1 variation to the following entry under the Russian sanctions regime.

https://assets.publishing.service.gov.uk/media/68133756e8156d34b0e727ff/Notice_Russia_010525__1_.pdf?utm_content=&utm_medium=email&utm_name=&utm_source=govdelivery

Background

  • The UK government sanctioned Albert Kashafovich Shigabutdinov due to his involvement in supporting the Russian government and its military efforts. Specifically, Shigabutdinov, along with other oligarchs, has been accused of enabling President Putin to mobilise Russian industries to support the military. As a result, he faces travel bans, asset freezes, and transport sanctions.
  • These sanctions are part of broader measures aimed at increasing economic pressure on Russia in response to its actions in Ukraine.
  • Albert Kashafovich Shigabutdinov is a prominent Russian businessman known for his significant contributions to the petrochemical industry. He was the co-owner and General Director of the TAIF Group, a large regional holding company with assets in the Republic of Tatarstan.
  • In 2021, TAIF merged with Sibur, creating one of the largest petrochemical companies globally.
  • Shigabutdinov has been influential in developing various industries in Tatarstan and Russia, including oil and gas processing, energy, telecommunications, and more. He has also served in the regional parliament of Tatarstan.

References

UNITED KINGDOM SANCTIONS YOUTUBE-IMAGE

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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.  

news disclaimer -

As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.