×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

British Bank Freezes Bank Account of Major Russian News Agency ?€“ Report

Rossiya Sevodnya's Editor-in-chief Dmitry Kiselyov Sergei Porter / Vedomosti

London-based bank Barclays has frozen the accounts of major state-run Russian news agency Rossiya Segodnya, in a move that may be tied to Britain's sanctions on its firebrand chief, Dmitry Kiselyov, news agency RIA Novosti reported Monday.

Barclays has not issued an official statement saying it has frozen the accounts, but an unnamed bank representative told RIA that the accounts had been frozen and that an official announcement would be forthcoming. When contacted for comment by The Moscow Times, the bank said that it did not comment on individual client accounts.

Russia's Foreign Ministry has asked the British government to immediately clarify the status of Rossiya Segodnya's bank account at Barclays, according to a statement posted to the ministry's website. According to the ministry, the bank account has been frozen since July 8.

The alleged asset freeze may be related to EU sanctions on agency head Kiselyov, a banking source told RIA. The EU sanctioned Kiselyov in March last year as part of a series of asset freezes and travels bans on prominent supporters of Moscow's annexation of Ukraine's Crimean Peninsula.

Russia's Foreign Ministry also said it believed the account freeze was tied to British sanctions on Kiselyov.

Kiselyov, formerly a liberal media figure, has become well-known for his weekly anti-Western diatribes on state-owned television, where he once boasted of Russia's ability to turn the U.S. into "radioactive ash."

A representative of Barclays bank did not explain the reasons for blocking Rossiya Segodnya's account when contacted, RIA reported.

Kiselyov called the freezing of Rossiya Segodnya's account "censorship."

"What kind of freedom of the press or democracy we can talk about in Great Britain if one of the major news agencies in the world is prevented from working in the country?" RIA Novosti quoted Kiselyov as saying. Kiselyov did not confirm that Rossiya Segodnya's account had actually been closed.

French authorities also reportedly froze the news agency's accounts in June, news agency Interfax reported at the time, citing head editor Margarita Simonyan.

The assets were frozen alongside a number of state-held accounts as part of a $50 billion settlement awarded to ex-shareholders of defunct oil firm Yukos following an international arbitration court's decision that the Russian state had illegally expropriated the company in the mid-2000s.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more