Putin-linked elites, yachts, firms targeted for sanctions
2 years, 6 months ago

Putin-linked elites, yachts, firms targeted for sanctions

Associated Press  

WASHINGTON — The U.S. announced new sanctions Thursday on Russian oligarchs and elites, including some of the richest men in Europe and their families, as well as penalties targeting more Kremlin officials, businessmen linked to President Vladimir Putin and their yachts, aircraft and firms that manage them. “Russia’s elites, up to and including President Putin, rely on complex support networks to hide, move, and maintain their wealth and luxury assets,” Brian Nelson, undersecretary of the Treasury for terrorism and financial Intelligence, said in a statement. We will pursue all available legal remedies to resolve this matter promptly.” The company added that “we are not involved in our clients’ financial affairs.” Others included in the latest round of sanctions are Yury Slyusar, president of United Aircraft Corp.; Vitaly Savelyev, Russia’s transport minister; Maxim Reshetnikov, the country’s minister of economic development; Irek Envarovich Faizullin, the minister of construction, housing and utilities; and Dmitriy Yuryevich Grigorenkothe, deputy prime minister and chief of the government staff. The United States will continue to support the people of Ukraine while promoting accountability for President Putin and those enabling Russian aggression.” Nate Sibley, a research fellow at Hudson Institute’s Kleptocracy Initiative, said the U.S. could do more to impose sanctions on wealthy Russians, including Vladimir Potanin, who is the richest documented person in Russia worth roughly $30 billion, and Roman Abramovich, who recently sold his stake in Chelsea, a Premier League football club in London.

History of this topic

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