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U.S. targets former Olympic gymnast, steel producer with fresh Russia sanctions

U.S. targets former Olympic gymnast, steel producer with fresh Russia sanctions


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

The Treasury Division mentioned 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 newest 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 mentioned.

The Treasury mentioned MMK is one among Russia’s largest taxpayers and supplies 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 device at our disposal to make it possible for Russian elites and the Kremlin’s enablers are held accountable for his or her complicity in a battle that has price numerous lives,” Treasury Secretary Janet Yellen mentioned within the assertion.

“Along with our allies, the USA can even proceed to choke off income and gear 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 an in depth 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, based on the assertion.

Washington additionally cracked down on what it mentioned 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 mentioned Joint Inventory Firm Promising Industrial and Infrastructure Applied sciences tried to avoid sanctions imposed on the Russian Direct Funding Fund.

(Reporting by Daphne Psaledakis; Enhancing by Howard Goller)



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