Current:Home > MyUS government sanctions Russians on the board of Alfa Group in response to war in Ukraine-LoTradeCoin
US government sanctions Russians on the board of Alfa Group in response to war in Ukraine
View Date:2024-12-23 23:33:46
WASHINGTON (AP) — The U.S. Treasury Department on Friday imposed financial sanctions against four Russians on the board of Alfa Group, one of Russia’s largest conglomerates with interests in oil, natural gas and banking.
The sanctions are part of continuing efforts to place restrictions on the economy of Russia and its wealthiest powerbrokers, a response to its invasion last year of Ukraine and the ensuing war. Sanctioned by Treasury are Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan and Alexey Viktorovich Kuzmichev.
“Wealthy Russian elites should disabuse themselves of the notion that they can operate business as usual while the Kremlin wages war against the Ukrainian people,” said Deputy Treasury Secretary Wally Adeyemo. “Our international coalition will continue to hold accountable those enabling the unjustified and unprovoked invasion of Ukraine.”
Also sanctioned is the Russian Union of Industrialists and Entrepreneurs. The group is involved in the technology sector and has helped Russia counteract other sanctions stemming from the war, the Treasury Department said.
All four people were already sanctioned by Australia, Canada, the European Union, New Zealand and the United Kingdom.
Fridman is a founder of Alfa Group and ranked as one of Russia’s wealthiest tycoons. The group’s Alfa Bank, Russia’s largest nonstate bank, was sanctioned by the EU in March 2022 and Fridman left the board thereafter to try to help the bank skirt sanctions. Aven headed Alfa-Bank until March 2022, but like Fridman left the board after EU sanctions.
The sanctions against the individuals would block access to their U.S. properties and financial interests.
veryGood! (533)
Related
- Why Game of Thrones' Maisie Williams May Be Rejoining the George R.R. Martin Universe
- Tesla’s Autopilot caused a fiery crash into a tree, killing a Colorado man, lawsuit says
- Baby giraffe panics, dies after its head got stuck in a hay feeder at Roosevelt Park Zoo
- US pledges money and other aid to help track and contain bird flu on dairy farms
- Does your dog have arthritis? A lot of them do. But treatment can be tricky
- He's been in an LA hospital for weeks and they have no idea who he is. Can you help?
- Consultants close to Rep. Henry Cuellar plead guilty to conspiracy
- Beach Boys' Brian Wilson to be placed in conservatorship, judge rules
- Mike Tyson vs. Jake Paul referee handled one of YouTuber's biggest fights
- Spending on home renovations slows, but high remodeling costs mean little relief in sight for buyers
Ranking
- Larry Hobbs, who guided AP’s coverage of Florida news for decades, has died at 83
- He's been in an LA hospital for weeks and they have no idea who he is. Can you help?
- 'Altercation' at Drake's Toronto mansion marks third police-involved incident this week
- Generation Alpha is here, how will they affect the world? | The Excerpt
- IAT Community Introduce
- Family connected to house where Boston police officer’s body was found outside in snow testifies
- Jennifer Garner Reveals Why She Thinks She Was “Born to Breed”
- Consultants close to Rep. Henry Cuellar plead guilty to conspiracy
Recommendation
-
College Football Fix podcast addresses curious CFP rankings and previews Week 12
-
Why Dance Moms' Abby Lee Miller Says She Wasn't Invited to Reunion
-
Eurovision 2024: Grand Final set as Israeli contestant advances in second set of 10
-
Colorado-based abortion fund sees rising demand. Many are from Texas, where procedure is restricted
-
Wildfire map: Thousands of acres burn near New Jersey-New York border; 1 firefighter dead
-
St. Louis police officer fatally shoots man who shot another man; happened near City Hall
-
Oklahoma death row inmate who killed a bank guard is incompetent for execution, judge says
-
Ariana Madix Teases Life After Vanderpump Rules