The United States imposed sanctions against Petr Aven and Mikhail Fridman
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The Office of Foreign Assets Control of the US Department of the Treasury (OFAC) has added Petr Aven and Mikhail Fridman, entrepreneurs and founders of Alfa Group, as well as German Khan and Alexei Kuzmichev, to the SDN list. This should from the control message.
In addition to businessmen, the United States also imposed sanctions against the Russian Union of Industrialists and Entrepreneurs (RSPP).
As explained by the US Treasury saidthat entrepreneurs were sanctioned because they were members of the supervisory board of the Alfa Group consortium. They recalled that Australia, Canada, the European Union, New Zealand and the United Kingdom had previously imposed sanctions on them.
Aven was listed as chairman of the board of a Russian insurance company and a former member of the supervisory board of Alfa Group for his work in the financial services sector. On a similar basis, the list included the founder of the group and former chairman of the Supervisory Board Fridman, who “continues to participate in the activities of the conglomerate.” In addition, he leads the RSPP committee and acts on behalf of the organization, the report says.
The reason for including Khan in the list was that he is a member of the Supervisory Board, and also acts as the founder of a construction company. Kuzmichev is a member of the Supervisory Board and heads a Russian investment company, thus working in the financial services sector of the Russian economy.
Being on the SDN list involves blocking all property of persons located in the United States, as well as organizations in which they directly or indirectly own 50% or more. All transactions relating to any property or interests of these persons are prohibited unless specifically licensed by OFAC.
In May, Vedomosti wrotethat Luxembourg-based ABH Holdings Friedman and his business partners in Alfa Group except Alfa bank will also sellAlpha insurance“. A company representative confirmed the change of ownership. He clarified that it was “exclusively” about the restructuring of ownership, and not about the sale of the company to third-party buyers. “The current situation is forcing foreign companies with assets in Russian jurisdiction to redomiciliate, and this has been discussed for a very long time,” the source recalled.
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