Ivan Streshinsky left the USM Board of Directors

Ivan Streshinsky left the board of directors of USM and the boards of directors of companies that are part of the holding, the press service of USM reported.

“Ivan Streshinsky has resigned from the boards of directors of the YueSeM (USM) holding company, as well as the Metalloinvest, MegaFon and Udokan copper companies,” the report says.

April 12 Streshinsky hit under US sanctions. Restrictions including touched USM, Metalloinvest, MegaFon, Udokan Copper. On the same day USM also hit under UK sanctions.

The following day, April 13, the US Treasury’s Office of Foreign Assets Control (OFAC) ruled out from the sanctions restrictions, the provision of communication services by MegaFon. According to the document, MegaFon is allowed to provide telecommunications services. Also, the US Department of the Treasury lifted restrictions on companies exporting, re-exporting, selling and supplying services, software, hardware and technologies for the provision of communication services via the Internet from the United States or by American persons.

April 7, 2022 Streshinsky left post of CEO of USM. At the same time, it was reported that he would continue to work on the board of directors of USM, as well as on the boards of directors of Metalloinvest, Megafon and other group companies. The reason for the reshuffle was not named at the time.