News / Volga-Dnepr boss sanctioned for Moscow deal signed 'on Putin's instructions'

The UK government’s decision to put sanctions on Alexei Isaikin, president and founder of Volga-Dnepr, was likely triggered by a deal signed with the mayor of Moscow in April to restore freight routes and import and export trades.

The deal, under “the president [Putin]’s instructions”, according to Russian media, was for Rb9.5bn ($167m), and was expected to see Volga-Dnepr Group carry some 20,000 tonnes of freight of “critical importance” by the end of the year.

Moscow mayor Sergei Sobyanin said: “Essentially, we ...