Vagit Alekperov

Russian businessman

He is a Russian oligarch, ranked 1st on Forbes' list of '125 Billionaires of Russia', with a fortune of 28.6 billion USD. He is a shareholder and former president of the oil-producing company Lukoil. Lukoil is one of the largest sources of income for the Russian budget under wartime conditions. Subsidiary companies of Lukoil supply fuel to the Russian Ministry of Defence, the Black Sea Fleet, the National Guard of Russia, and defence enterprises. In April 2022, due to personal sanctions imposed by the United Kingdom, Vagit Alekperov stepped down as president of Lukoil and left its board of directors, remaining a shareholder of the company. Nonetheless, he is an important link between the top political leadership of Russia and the company, whose activities generate substantial revenue for the state budget. Even after the war began, he was awarded the Order of Merit for the Fatherland, I class, by Vladimir Putin, underscoring his importance to the country's leadership.

Transport sanction: where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. In addition, there is a prohibition of the provision of technical assistance relating to aircraft or ships which will prevent a person from directly or indirectly providing technical assistance to, or for the benefit of, the designated person, where that technical assistance relates to an aircraft or ship. The Director Disqualification Sanction was imposed on 09/04/2025.

Former President and former CEO Lukoil

Mentioned in 2018 CAATSA report on Russian oligarchs

President and CEO of LUKOIL

He is a Russian oligarch, ranked 1st on Forbes' list of "125 Billionaires of Russia," with a fortune of 28.6 billion USD. He is a shareholder and former president of the oil-producing company Lukoil. Lukoil is one of the largest sources of income for the Russian budget under wartime conditions. Subsidiary companies of Lukoil supply fuel to the Russian Ministry of Defense, the Black Sea Fleet, the National Guard of Russia, and defense enterprises. In April 2022, due to personal sanctions imposed by the United Kingdom, Vagit Alekperov stepped down as president of Lukoil and left its board of directors, remaining a shareholder of the company. Nonetheless, he is an important link between the top political leadership of Russia and the company, whose activities generate substantial revenue for the state budget. Even after the war began, he was awarded the Order of Merit for the Fatherland, I class, by Vladimir Putin, underscoring his importance to the country's leadership.