• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Russia
Europe

U.K. refuses sanctioned Russian billionaire’s request to hire a personal driver because he can take the bus

Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
Ryan Hogg
By
Ryan Hogg
Ryan Hogg
Europe News Reporter
Down Arrow Button Icon
October 18, 2023, 6:34 AM ET
Mikhail Svetlov—Getty Images

A Russian billionaire who quit the U.K. last month was refused the use of a personal driver after Britain’s high court said he was able to use public transport.

Recommended Video

Mikhail Fridman, one of the cofounders of Alfa Group, is fighting U.K. sanctions in court a month after leaving Britain to reside in Israel, saying he couldn’t continue living under the country’s sanctions. 

He has since fled back to Moscow following Hamas’s attack on Israel.

Fridman, alongside his former business partner Petr Aven, was sanctioned by the U.K. and the EU in the wake of Russia’s invasion of Ukraine. Fridman and Aven founded Alfa Group, which owns Russia’s largest private bank. 

In the time Fridman resided in the U.K. under sanctions, he fought several battles with the country’s high court to gain access to living costs while pushing to distance himself from any ties to Russian President Vladimir Putin. 

Fridman said his London mansion, Athlone House, was searched illegally by 50 officers wearing body armor and helmets last December, Bloomberg reported.

He also alleged the National Crime Agency misled judges using “kompromat,” or “damaging and untrue information assembled and used to create negative publicity and to exert influence over the subject,” Bloomberg reported Fridman’s lawyer as saying.

In September, the U.K. withdrew its labeling of Fridman as a “pro-Kremlin oligarch,” but continued sanctioning him under updated terms related to his ties to Alfa Group, in part based on evidence gained in the raid on his home.

Extensive concessions

Fridman, who is worth an estimated $12.2 billion, has also enjoyed extensive concessions that allowed him to continue living in Athlone House, his £65 million ($79.3 million) mansion in the affluent North London suburb of Highgate. 

Athlone House, the London home of Russian billionaire Mikhail Fridman.

In July, the New York Times reported that Fridman was provided a license for 19 staff including drivers and private chefs, amounting to $400,000 over 10 months. 

The Times also reported that Fridman received $7,000 per month for family allowances.

In total, he has been allowed expenses of £1 million ($1.2 million) to cover basic expenses, a lawyer for the government told Bloomberg.

Aven, his former business partner, was granted a license for a monthly allowance of £60,000 ($73,200), the Times reported. At the time, the paper questioned the U.K. policy that allowed concessions for sanctioned individuals if it aided the country’s economy—an approach that diverges from U.S. policy.

Struggles over further expenses

However, according to court documents seen by Bloomberg and Reuters, Fridman has since struggled to gain licenses for further expenses. 

On Tuesday, Fridman challenged the U.K. over its decision to refuse him a fresh license for a £30,000 ($36,500) management fee to cover extensive maintenance costs for Athlone House.

He also requested fees for non-security staff in addition to audio and TV equipment and an internal phone line. The legal filing reviewed by Bloomberg indicated Fridman suffered a “security incident” at his mansion in September.

Fridman’s lawyer said he was also refused a license to pay for a personal driver “on the basis that the defendant is able to travel by public transport,” Bloomberg reported.

Fridman didn’t specify how much of his requests for audio and TV equipment were related to entertainment versus security, according to court documents shared with Fortune. 

The argument added that giving Fridman permission to cover more expenses would allow him to live a life very similar to that before he was sanctioned.

In July, a lawyer for Fridman told a European court the financier’s life had been “destroyed” by sanctions, Bloomberg reported.

In February, Ilya Yashin, an opposition politician jailed by the Kremlin, pleaded with EU and U.K. officials from his prison cell for sanctions against Fridman to be lifted.

Yashin said Fridman “interacted with the state, but nevertheless never compromised his reputation by participating in the current Russian government’s political projects.”

The U.K. government didn’t immediately respond to Fortune‘s request for comment.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Ryan Hogg
By Ryan HoggEurope News Reporter

Ryan Hogg was a Europe business reporter at Fortune.

See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

trump
Personal Financenational debt
The national debt is the same size as the economy. It’s a ‘disturbing warning and a call to action,’ watchdog says
By Nick LichtenbergMay 1, 2026
1 hour ago
Current refi mortgage rates report for May 1, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for May 1, 2026
By Glen Luke FlanaganMay 1, 2026
1 hour ago
Current ARM mortgage rates report for May 1, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for May 1, 2026
By Glen Luke FlanaganMay 1, 2026
1 hour ago
Mortgage rates today, May 1, 2026
Personal Financemortgages
Mortgage rates today, May 1, 2026
By Glen Luke FlanaganMay 1, 2026
1 hour ago
Tim Cook reveals the advice he gave Apple’s next CEO: The most important decision he’ll make is ‘where he spends his time’
Big TechApple
Tim Cook reveals the advice he gave Apple’s next CEO: The most important decision he’ll make is ‘where he spends his time’
By Alexei OreskovicApril 30, 2026
8 hours ago
Meta’s threat to quit New Mexico ‘is showing the world how little it cares about child safety,’ AG says
LawMeta
Meta’s threat to quit New Mexico ‘is showing the world how little it cares about child safety,’ AG says
By Catherina GioinoApril 30, 2026
10 hours ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
4 days ago
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
North America
China dominates the world's lithium supply. The U.S. just found 328 years' worth in its own backyard
By Jake AngeloApril 30, 2026
14 hours ago
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
Big Tech
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
By Alexei OreskovicApril 29, 2026
1 day ago
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
Conferences
Accenture's Julie Sweet blew up 50 years of company history. She says the hardest part is still ahead
By Nick LichtenbergApril 29, 2026
2 days ago
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
Big Tech
With no end in sight, Trump considers new options in Iran war—including the ‘Dark Eagle’ hypersonic missile
By Jim EdwardsApril 30, 2026
22 hours ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.