U.S. targets former Olympic gymnast, metal producer with recent Russia sanctions

WASHINGTON, Aug 2 (Reuters) – America on Tuesday imposed sanctions on Alina Kabaeva, a former Olympic gymnast the Treasury Division described as having a detailed relationship with President Vladimir Putin, as a part of the newest U.S. response to Russia’s Ukraine invasion.

The Treasury Division stated in an announcement Kabaeva heads the Nationwide Media Group, a pro-Kremlin group of tv, radio and print organizations. Putin has denied they’re romantically linked.

The most recent spherical of sanctions additionally targets Publichnoe Aktsionernoe Obschestvo Magnitogorskiy Metallurgicheskiy Kombinat (MMK), one of many world’s largest metal producers, in addition to the bulk proprietor and chairman of the board of administrators, Viktor Filippovich Rashnikov, the Treasury stated.

The Treasury stated MMK is one in all Russia’s largest taxpayers and offers a considerable income to the Russian authorities.

Washington additionally designated two of its subsidiaries, Russia-based Investitsionnaya Kompaniya MMK-FINANS and Turkey-based MMK Metalurji Sanayi Ticaret Ve Liman Isletmeciligi Anonim Sirketi.

“The Treasury Division will use each instrument at our disposal to be sure that Russian elites and the Kremlin’s enablers are held accountable for his or her complicity in a battle that has value numerous lives,” Treasury Secretary Janet Yellen stated within the assertion.

“Along with our allies, the US may also proceed to choke off income and tools underpinning Russia’s unprovoked battle in Ukraine.”

Among the many Russian elites focused in Tuesday’s transfer was Andrey Guryev, described by the Treasury as a detailed affiliate of Putin who previously served within the Russian authorities and the founding father of PhosAgro, a Russian chemical firm. PhosAgro was not designated.

The Treasury additionally focused a Cayman Islands-flagged yacht, the Alfa Nero, reportedly purchased by Guryev for $120 million in 2014, in response to the assertion.

Washington additionally cracked down on what it stated have been sanctions evasion makes an attempt on Tuesday, designating a monetary establishment owned by the Russian Federal Company for State Property Administration. The Treasury stated Joint Inventory Firm Promising Industrial and Infrastructure Applied sciences tried to bypass sanctions imposed on the Russian Direct Funding Fund.

(Reporting by Daphne Psaledakis; Modifying by Howard Goller)

You May Also Like

Leave a Reply

Your email address will not be published.