According to CoinMeta, Russian President Putin has approved a sanctioned Russian bank to take over the securities assets of a collapsed London brokerage firm. This move may circumvent the existing sanctions mechanisms, leaving British authorities unable to prevent the transfer of these assets. In September, Putin signed a presidential decree allowing Moscow Credit Bank to dispose of Russian corporate shares held by British companies, including those of Rosneft and Gazprom, without the consent of British managers. Since Putin launched a full-scale military campaign against Ukraine in February 2022, these securities have actually been under the control of British managers.