RUSSIAN SANCTIONS
Penalty spot
PENALTY issued for breach of Russia sanctions,” ran the Treasury’s headline above news of a £300,000 fine for financial concierge service Markom Management Ltd. A victory in the urgent post-2022 clampdown on moving Russian money around? Er, not quite.
Markom is owned by lawyer Mark Omelnitski, whose name might ring a bell with Eye readers. Five years ago, Eye 1529 covered his extensive dealings with Arkady and Boris Rotenberg, oligarch friends of Vladimir Putin from back in the president’s St Petersburg days.