The UK has imposed sanctions on two more oligarchs as it seeks to ratchet up pressure on Vladimir Putin in the face of his escalating attacks on Ukraine.
In addition, British citizens and businesses are prohibited from working with them.
The sanctions take the number of oligarchs penalised by the UK to date to 15, although the speed, comprehensiveness and effectiveness of the measures has been widely questioned.
Regardless of the effect they have on Mr Putin and the course of the war, both Mr Usmanov — whose $600m superyacht was seized in Germany on Thursday — and Mr Shuvalov will be feeling aggrieved. So who are these oligarchs and why have they been targeted?
Who is Alisher Usmanov?
Alisher Usmanov is a telecoms and mining magnate with a fortune estimated to be in the region of $14.1 billion.
He founded Megafon telecoms company and metals investment group USM Holding, in which he has a 49 per cent stake. Its largest holding is in iron ore and steel giant Metalloinvest.
Mr Usmanov's business partner and USM chairman is the Everton owner Farhad Moshri, where USM had a deal in place with the Premier League side to sponsor its training ground, and an option in place to name the club's new stadium, slated to open in 2024.
This deal was suspended on Wednesday with the club saying it was “shocked and saddened by the appalling events unfolding in Ukraine".
Mr Moshri has also stepped down from the USM board and expunged his ties with Mr Usmanov.
Alisher Usmanov has in the past described his pride at his closeness to Vladimir Putin. AP
Everton wasn't Mr Usmanov's first dalliance in football.
Before moving into mining, Mr Usmanov made his fortune producing plastic bags which were in scarce supply in the former Soviet Union.
He also helmed Gazprom Investholding, a subsidiary of the Russian state gas firm Gazprom, between 2000 and 2014.
While his investing credentials don't exactly make him a congruent fit with the big tech ethos of Silicon Valley, Mr Usmanov was an early investor in Facebook.
He claims he has donated over $2.6 billion to charity.
Who is Igor Shuvalov?
Igor Shuvalov is a former Russian deputy prime minister who, until the UK sanctioned him, owned an £11.4 million ($15.3m) luxury flat in the heart of London.
The ex-lawyer's wealth is reportedly in the region of $200m.
A fluent English speaker, he was perceived as one of the most senior liberal figures in the Putin regime until he stood down in 2018 to head VEB, a Russian state investment company which funded successful bids for the 2018 football World Cup and the 2014 Sochi Winter Olympics.
Then Russian deputy prime minister Igor Shuvalov had the ear or Russia's leader, AFP
Mr Shuvalov had denied owning luxury London properties — which he amalgamated into one flat — but this claim was disputed by Russian anti-corruption campaigner Alexei Navalny.
They were bought in 2014 by a group Mr Navalny linked to Mr Shuvalov, with the £11.4 million price more than a 100 times greater than the official £112,000 salary Mr Shuvalov declared to the government.
Mr Navalny also alleges Mr Shuvalov clandestinely used a £38m private jet to fly his wife’s Corgi dogs around Europe for competitions.
Mr Shuvalov is seemingly predisposed to the opulent. He is believed to rent a castle in Austria and also to have rented a beachfront property in Dubai.
If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.
Greed
Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.
Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.
Fear
The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.
Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.
Hope
While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.
Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.
Frustration
Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.
Tip:Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.
Boredom
Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.
Tip: Open an online demo account and get your thrills without risking real money.
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
Dubai works towards better air quality by 2021
Dubai is on a mission to record good air quality for 90 per cent of the year – up from 86 per cent annually today – by 2021.
The municipality plans to have seven mobile air-monitoring stations by 2020 to capture more accurate data in hourly and daily trends of pollution.
These will be on the Palm Jumeirah, Al Qusais, Muhaisnah, Rashidiyah, Al Wasl, Al Quoz and Dubai Investment Park.
“It will allow real-time responding for emergency cases,” said Khaldoon Al Daraji, first environment safety officer at the municipality.
“We’re in a good position except for the cases that are out of our hands, such as sandstorms.
“Sandstorms are our main concern because the UAE is just a receiver.
“The hotspots are Iran, Saudi Arabia and southern Iraq, but we’re working hard with the region to reduce the cycle of sandstorm generation.”
Mr Al Daraji said monitoring as it stood covered 47 per cent of Dubai.
There are 12 fixed stations in the emirate, but Dubai also receives information from monitors belonging to other entities.
“There are 25 stations in total,” Mr Al Daraji said.
“We added new technology and equipment used for the first time for the detection of heavy metals.
“A hundred parameters can be detected but we want to expand it to make sure that the data captured can allow a baseline study in some areas to ensure they are well positioned.”
Greatest Royal Rumble match listing
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Rusev
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v Kalisto
RESULTS
5pm: Maiden (PA) Dh80,000 2,200m
Winner: Arjan, Fabrice Veron (jockey), Eric Lemartinel (trainer).
