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Alfa Group

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businessinternational-relations1 year ago•1 min saved

"EU Court Removes Russian Billionaires Fridman and Aven from Sanctions List"

The European Union Court of Justice has removed Russian billionaires Mikhail Fridman and Petr Aven from the EU sanctions list imposed after Russia's invasion of Ukraine in 2022, stating that their inclusion was not justified. The court ruled that the reasons for their initial inclusion were not sufficiently substantiated and that they should not have been on the list between February 2022 and March 2023. Both men are major shareholders of conglomerate Alfa Group, and while the Council may have grounds to establish their ties to Russian President Vladimir Putin, it has not been demonstrated that they have supported actions against Ukraine.

via Reuters|

#alfa-group #businessinternational-relations #eu-sanctions

international-relations2 years ago•2 min saved

"US Imposes Sanctions on Russian-Israeli Billionaire Fridman and Associates"

The US Treasury Department has imposed financial sanctions on four Russians, including Russian-Israeli billionaire Mikhail Fridman, who are on the board of Alfa Group, one of Russia's largest conglomerates. The sanctions are part of ongoing efforts to restrict the Russian economy and its wealthiest individuals in response to the country's invasion of Ukraine. The sanctions will block access to their US properties and financial interests. Fridman, a founder of Alfa Group and one of Russia's wealthiest tycoons, has previously spoken out against the bloodshed in Ukraine.

via The Times of Israel|

#alfa-group #international-relations #mikhail-fridman

international-relations2 years ago•5 min saved

"U.S. Targets Russian Financiers Linked to the West with Sanctions"

The U.S. Treasury Department has imposed sanctions on Russian billionaires Mikhail Fridman and Petr Aven, along with their business partners German Khan and Alexey Kuzmichev, who are associated with Alfa Group, a prominent financial services firm. The move signals the Biden administration's intent to increase pressure on Russian elites with ties to the West amid the ongoing conflict in Ukraine. Fridman and Aven, who have faced previous sanctions from the EU and UK, have denied close connections to Russian President Vladimir Putin. The sanctions target their business operations and come after a report revealed their involvement in supplying Russia's war machine.

via The Washington Post|

#alfa-group #international-relations #russian-billionaires