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Russian Ilya Yurov fears the sale of his Oxney Court mansion near Dover could help fund Putin's war on Ukraine

By: Sam Lennon slennon@thekmgroup.co.uk

Published: 10:23, 22 May 2022

Updated: 10:42, 22 May 2022

A former multi-millionaire banker says he fears proceeds from the sale of his mansion could help fund Russia's war on Ukraine.

Oxney Court, at St Margaret's-at-Cliffe, is being demanded from owner Ilya Yurov, 50, to pay off major debts, The Observer reports.

Oxney Court. Picture: UK Sotheby's International Realty - Cobham

But pursuing a buyout is the National Bank Trust of Russia, which is not an organisation being sanctioned for Vladimir Putin's invasion and constant bombardment of Ukraine.

Mr Yurov told The Observer: "I can’t accept that this money can go back to the Russian state.

"I feel sick that it could be used to support horrible atrocities.

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"The West can’t turn a blind eye to this. It’s illogical that the bank is not sanctioned.”

Mr Yurov, 50, who is originally from Moscow, is being pursued with two former colleagues for $900 million (£720 million) from the National Bank Trust after losing a high court case.

The mansion is on the market for £6.5 million, Picture: UK Sotheby's International Realty - Cobham

That court ruled in January 2020 that all three owed the bank compensation.

NBT seeks to recover billions of pounds from around the world to send back to Russia, but so far is not on the UK sanctions list. The Observer has already found it is majority owned by the Central Bank of the Russian Federation.

Mr Yurov bought the six-bedroomed Oxney Court 10 years ago,

He says he accepts the property, now on the market for £6.5 million, has to be sold to pay off debts but insists NBT should fast be put on the sanctions list. While it is not, funds can be transferred.

He said said state-controlled banks were providing loans and finance for defence contractors after global sanctions against Russia.

I feel sick that it could be used to support horrible atrocities.

Executives at NBT have said they are tasked with recovering £6 billion of global assets by next year including debts from people such as Mr Yurov.

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NBT says no transactions will be done with sanctioned entities, or their subsidiaries, without permission of the courts, The Observer reports.

Oxney Court is a 17th century Gothic-style mansion with towers close to the A258 Dover-Deal road,

It was extended in the 19th century, damaged by fire in the early half of the 20th century and reconstructed to its present form.

The mansion is on a 14-hectare (35-acre) estate, with a tennis court and swimming pool and is for sale through UK Sotheby's International Realty.

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