OFSI sanctions listing
Boris Yurievich KOVALCHUK
Boris Yurievich KOVALCHUK is an individual designated on the HM Treasury — Office of Financial Sanctions Implementation (OFSI) (OFSI) sanctions list under the Russia programme, listed on 15/03/2022. This page summarises the public designation — known aliases, Russia nationality, identifying particulars, the stated reason for listing and linked parties — alongside an independent, transparent risk indicator.
Reason for listing
(UK Sanctions List Ref):RUS0851. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons):There are reasonable grounds to suspect that Boris KOVALCHUK is associated with Yuri KOVALCHUK. Boris KOVALCHUK is the son of Yuri KOVALCHUK (RUS0007). Yuri KOVALCHUK has been designated by the UK since 31 December 2020 (updated 18/12/2021) and is a long-time acquaintance of President Putin. He is a co-founder of the so-called Ozero Dacha, a cooperative society bringing together an influential group of individuals around President Putin. He is the chairman and largest shareholder of Bank Rossiya, of which he owned around 38% in 2013, and which is considered the personal bank of Senior Officials of the Russian Federation. Since the illegal annexation of Crimea, Bank Rossiya has opened branches across Crimea and Sevastopol, thereby consolidating their integration into the Russian Federation. Furthermore, Bank Rossiya has important stakes in the National Media Group which in turn controls television stations which actively support the Russian government’s policies of destabilisation of Ukraine. (Gender):Male
Statement of reasons as published by UK OFSI. This is the issuing authority's wording, reproduced for reference.
Designation record
| List / authority | UK OFSI (OFSI) — Russia |
|---|---|
| Entity type | Person |
| Programmes / regime | Russia |
| Date listed | 15/03/2022 |
| Source record ID | ofsi:14802 |
| Last updated (our copy) | 2026-06-04 |
Identity & particulars
| Date of birth | 01/12/1977 |
|---|---|
| Place of birth | Leningrad, Russia |
| Nationality / country | Russia |
Deep-research dossier
Not yet deep-researched
The instant review above is drawn from the public lists. A deep-research dossier goes much further — an analyst-grade OSINT report: associate & co-investment network screening, structural / ownership opacity, a dated risk trajectory, an 8-factor scoring model, and numbered, source-linked evidence. See the format in the design system.
Clarifications & right of reply
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Source & provenance
| Issuing authority | HM Treasury — Office of Financial Sanctions Implementation (OFSI) |
|---|---|
| Source identifier | ofsi:14802 |
| Aggregated by | Sanctiometer (independent) — verify against the issuing authority's official list before acting. |