US imposed sanctions against the sons of Bortnikov, Fradkov and Kiriyenko | News from Germany about world events

In connection with Russia’s recognition of the independence of the self-proclaimed “DPR” and “LPR”, the United States imposed personal sanctions against Russian citizens considered close to Russian President Vladimir Putin, as well as punitive measures against the state development corporation VEB.RF (formerly Vnesheconombank) ), and Promsvyazbank (PSB). This was reported on Tuesday, February 22, on the website of the US Treasury Department.

As follows from the document, Denis Bortnikov, deputy president of VTB Bank and son of FSB head Alexander Bornikov, Pyotr Fradkov, chairman of the PSB and son of former Prime Minister of the Russian Federation, ex-head of the Foreign Intelligence Service Mikhail Fradkov, and Vladimir Kiriyenko, CEO tech corporation VK, which owns the social network “VKontakte”, the son of the deputy head of the presidential administration, Sergei Kiriyenko.

Their property and shares in property in the United States are frozen. U.S. individuals and entities are prohibited from any trade or financial transactions with them.

Subsidiaries of VEB.RF and PSB under sanctions

In addition, 42 subsidiaries of VEB.RF and PSB, as well as their assets, were penalized – the document refers to five ships owned by PSB Leasing LLC. Among the companies that fell under the sanctions and JSC “Professional Football Club CSKA”, which is under the control of “VEB.RF”

As stated in the document, PSB is the eighth largest financial institution in Russia. “The Russian government nationalized PSB in 2018 and repurposed it to finance the defense industry and service major defense contracts in a scheme designed to help it avoid new sanctions,” PSB now serves almost 70 percent of government contracts from the Russian Ministry of Defense, the U.S. Treasury Department said in a statement. .

Earlier in the day, US President Joe Biden announced the imposition of sanctions on Russia’s sovereign debt. “This means that we have cut off the Russian government from Western funding,” Biden said during a speech at the White House.

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Author: Irina Filatova, Vitaly Kropman