US Treasury adds four Russian businessmen to its sanctions list

The US Treasury has added Russian businessmen Mikhail Fridman and Petr Aven to its sanctions list.

In addition to them the sanctions also targeted German Khan and Alexey Kuzmichev as well as the Russian Union of Industrialists and Entrepreneurs, according to a statement on the US Treasury’s website.

"The four individuals targeted today include Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan, and Alexey Viktorovich Kuzmichev, all of whom have served on the supervisory board of the Alfa Group Consortium, one of the largest financial and investment conglomerates in Russia. These individuals were previously sanctioned by Australia, Canada, the European Union, New Zealand, and the United Kingdom," TASS says, citing the statement.

In March 2022, Fridman and Aven resigned from the Board of Directors of Alfa-Bank after the UK and the EU imposed sanctions against them. Currently, Aven owns 12% of the shares of the financial institution, and Fridman owns 33%. Khan and Kuzmichev were previously shareholders of Alfa-Bank.