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NEWS: Russian banker under sanctions sells £15M in shares from crypto firm

Souvenir tokens representing cryptocurrency networks Bitcoin, Ethereum, Dogecoin and Ripple plunge into water in this illustration taken May 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

By Alisha Houlihan for AMLi

A Russian banker facing sanctions has sold over £15M in shares from London-based cryptocurrency firm Copper Technologies, chaired by former Chancellor Philip Hammond.  

The sanctioned banker, Mikhail Klyukin, who owned more than 2% of Copper, was added to the White House’s sanctions list in March 2022 due to his role on the supervisory board of Russian lender Sovcombank, according to The Guardian.

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