Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

UK Artists Accuse Shuttering Artist Pension Trust of ‘Epic Betrayal,’ Former Barnes Foundation President Richard Glanton Has Died, and More: Morning Links for July 7, 2026

July 7, 2026

A new biography looks at how Michael Andrews shifted from slow burner to innovative creator – The Art Newspaper

July 7, 2026

Genesis Minerals Launches US$3.9 Billion Bid for Vault Minerals

July 7, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

An English National Is the First to Be Convicted of Violating Sanctions Against Russia

News RoomBy News RoomJuly 7, 2026
Share
Facebook Twitter LinkedIn Pinterest Email

British national Jonathan Hornby is the first from his country to be convicted of violating the UK’s sanctions on exports of luxury goods to Russia, imposed in response to Russia’s full-scale invasion of Ukraine, which was launched on February 24, 2022.

Hornby, managing director of a logistics company, attempted to send four artworks to Russia in February 2024, according to His Majesty’s Revenue and Customs (HMRC). Government officials seized the shipment, which was linked to Hornsby’s businesses, Global Customs Systems UK Limited and In Time Worldwide Express Limited, at Heathrow Airport. He pleaded guilty to the charges at Westminster Magistrates Court on July 1.

“This conviction shows the consequences of breaching Russia sanctions that we can and do investigate,” Edwige Hill, a deputy director in HMRC’s fraud investigation service, said in a statement to ARTnews. “Non-compliance with Russia sanctions is a serious offence and together with our international partners, the UK government has implemented the most severe package of sanctions ever imposed on a major economy.”

Hornby was issued a fine of £30,085 ($40,242).

The UK put in place a slate of sanctions against Russia in March 2022, including a ban on exports to Russia of luxury goods such as luxury vehicles, high-end fashion, and artworks, as well as steep import tariffs on items like vodka, art, and antiques. The government said the ban was meant to “make sure oligarchs and other members of the elite… are deprived of access to luxury goods,” as NPR reported at the time.

That initiative came shortly after the UK announced sanctions on seven of Russia’s wealthiest oligarchs, including some with significant art collections, such as Roman Abramovich and Oleg Deripaska.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

UK Artists Accuse Shuttering Artist Pension Trust of ‘Epic Betrayal,’ Former Barnes Foundation President Richard Glanton Has Died, and More: Morning Links for July 7, 2026

A new biography looks at how Michael Andrews shifted from slow burner to innovative creator – The Art Newspaper

Man jailed as Sotheby’s due diligence foils antiquities fraud – The Art Newspaper

How novelists continue to be inspired by artists – The Art Newspaper

The worst of us: a philosopher’s guide to the world’s most depraved art – The Art Newspaper

An expert’s guide to Gustave Courbet: five must-read books on the French painter – The Art Newspaper

Interest in art’s benefit to health grows as Wales and Greece take major steps – The Art Newspaper

Alex Israel launches cologne collab with Louis Vuitton.

Oregon Estate Sale’s $45 Chinese Paintings Could Be Worth Millions, Lawsuit Claims

Recent Posts
  • UK Artists Accuse Shuttering Artist Pension Trust of ‘Epic Betrayal,’ Former Barnes Foundation President Richard Glanton Has Died, and More: Morning Links for July 7, 2026
  • A new biography looks at how Michael Andrews shifted from slow burner to innovative creator – The Art Newspaper
  • Genesis Minerals Launches US$3.9 Billion Bid for Vault Minerals
  • An English National Is the First to Be Convicted of Violating Sanctions Against Russia
  • Man jailed as Sotheby’s due diligence foils antiquities fraud – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

A new biography looks at how Michael Andrews shifted from slow burner to innovative creator – The Art Newspaper

July 7, 2026

Genesis Minerals Launches US$3.9 Billion Bid for Vault Minerals

July 7, 2026

An English National Is the First to Be Convicted of Violating Sanctions Against Russia

July 7, 2026

Man jailed as Sotheby’s due diligence foils antiquities fraud – The Art Newspaper

July 7, 2026

La Dama de Oro Discovery Vein Assays 7.5 grams over .45 metre

July 7, 2026
Facebook X (Twitter) Instagram
© 2026 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.