Inside Putin's inner circle: meet the 10 Russian oligarchs cut off by US sanctions following the invasion of Ukraine
Get link
Facebook
X
Pinterest
Email
Other Apps
Russian President Vladimir Putin (L) toasts holding a glass of vodka with Deputy Defense Minister Valery Gerasimov (R) and Presidential Administration Chief of Staff Sergei Ivanov (C).
Mikhail Svetlov/Getty Images
The Biden administration targeted Putin's elite inner circle in Thursday's economic sanctions.
It's part of the US' latest efforts to financially cripple Russia following the invasion of Ukraine.
Meet the 10 Russian oligarchs being sanctioned, from oil barons to diamond mining and banking execs.
Wealthy oligarchs are the latest target of US sanctions announced by the Biden Administration on Thursday, following Russia's invasion of Ukraine.
Russian Energy Week in Moscow
Mikhail Svetlov/Getty Images
The US Treasury identified 10 Russian elites with close ties to Putin who "leverage their proximity to the Russian President to pillage the Russian state, enrich themselves ... at the expense of the Russian people," per the press release.
A composite Russian President Vladimir Putin (L) and President Joe Biden (R.)
Kremlin Press Office/Handout/Anadolu Agency via Getty Images; Kent Nishimura / Los Angeles Times via Getty Images
Bloomberg reported that the US, Canada, and several European nations will freeze the listed oligarchs' Western assets — including their yachts, private jets, and luxury homes.
The Kremlin Palace in Moscow, Russia.
Meet Russia's wealthy elite being hit by the sanctions.
Associated Press
1. Sergei Borisovich Ivanov: Russia's Special Presidential Representative for Environmental Protection, Ecology, and Transport.
Russian President Vladimir Putin (R) listens to his Special Envoy on Ecology Sergei Ivanov (L) during a meeting with foreign investors at the 2018 Saint Petersburg International Economic Forum.
Mikhail Svetlov/Getty Images
The former KGB agent was Putin's Chief of Staff from 2011 to 2016 and "one of Putin's closest allies," per the US Treasury department.
Russian Presidential Special Envoy on Ecology Sergei Ivanov.
Mikhail Svetlov/Getty Images
2. His son, Sergei S. Ivanov: CEO of Alrosa, a state-backed diamond mining company.
Russia's President Vladimir Putin (L) meets with Sergei Ivanov, CEO of the Alrosa diamond mining company, at the Moscow Kremlin.
Mikhail Klimentyev\TASS via Getty Images
Alrosa is partially owned by Russia and accounts for 28% of the world's diamond mining capacity. Its sales last year totaled $4.2 billion, according to Statista.
Russian diamond mining company Alrosa's CEO Sergei Ivanov Jr.
The company was one of 11 Russian entities subjected to new debt and equity sanctions on Thursday. Alrosa has a market cap of $6.2 billion, according to Forbes, and a US branch headquartered in New York City.
This 51.38-carat Alrosa diamond was included in a collection of 5 stones auctioned with a starting price of $10 million.
3. Nikolai Platonovich Patrushev: Secretary of the Russian Federation Security Council, and "longtime close associate of Putin," per the US Treasury.
Russian Security Council Secretary Nikolai Patrushev and Russia's President Vladimir Putin during a meeting with the Secretary-General of the Japanese National Security Council.
Mikhail Metzel\TASS via Getty Images
The Russian Federal Security Service is known as the "successor" to the Soviet Union's KGB.
Officers of the Alpha special operations unit simulate responding to a hostage situation during a counter-terrorism exercise held by the regional office of the Russian Federal Security Service.
The oil company was also listed among the 11 Russian entities subjected to Thursday's economic sanctions.
Gazprom Neft's HAKURYU-5 drilling rig develops offshore oil field in Sea of Okhotsk.
Yuri Smityuk\TASS via Getty Images
5. Igor Ivanovich Sechin: CEO of Rosneft, one of the world's largest oil companies. The oil baron has been called the second most powerful man in Russia, after Putin.
Russian President Vladimir Putin (L) looks on Rosneft President Igor Sechin (R) during Russian-Chinese talks at the Grand Kremlin Palace in Moscow.
Mikhail Svetlov/Getty Images
6. His son, Ivan Igorevich Sechin: reportedly a deputy department head at Rosneft.
Rosneft builds North Bay Port crude oil terminal on eastern coast of Yenisey Gulf in Krasnoyarsk Territory, Russia.
7. Alexander Aleksandrovich Vedyakhin: First Deputy Chairman of the Executive Board of Sberbank, the largest financial institution in Russia.
Alexander Vedyakhin, First Deputy Chairman of the Sberbank Executive Board.
Mikhail Japaridze\TASS via Getty Images
Sberbank holds around a third of Russia's bank assets. Thursday's sanctions require US financial institutions to reject any payments that Sberbank attempts to make in US dollars.
People queue outside a branch of Russian state-owned bank Sberbank to withdraw their savings and close their accounts following Russia's attack on Ukraine.
MICHAL CIZEK/AFP via Getty Images
8. Andrey Sergeyevich Puchkov: a high-ranking executive at VTB Bank, Russia's second-largest financial institution. Puchkov also has stakes in two Moscow-based real estate companies.
Russia's VTB bank was listed as one of those targeted by the proposed sanctions, according to Reuters.
Kirill Kudryavtsev/Getty Images
9. Yuri Solovyev: first deputy president-chairman of the Board at VTB Bank, which was hit with full-blocking sanctions to "sever a critical artery of Russia's financial system."
Yuri Solovyev, first deputy president-chairman of the Board at VTB Bank, during a meeting between Russian President Vladimir Putin and investors.
10. Galina Olegovna Ulyutina: Soloviev's ex-wife was involved in a "golden passport scheme," where Russia's elite "pay" for citizenship by investing in a country. Golden passports in the US, Canada, and Europe are now being limited under sanctions against Russia.
Sugar-baby TikTok is filled with videos showing off lavish lifestyles.
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. People leave jobs for all kinds of reasons, but when it’s a CFO departing a richly valued company as the company itself conducts layoffs, the exodus can be a sign of a larger issue. This was one of the takeaways I had when chatting with Continuum CEO and co-founder Nolan Church about a recent spree of CFO resignations, including but not limited to OpenSea, Noom and Brex. The founder reiterated that we don’t know the exact reasons that people are leaving, but he also noted that it’s a red flag from a recruitment perspective. He also introduced me to the idea of zombie companies, which I appreciated as it is officially spooky season and we love a festive framework. Zombie companies are basically companies that raised a ton of money over the boom cycle but aren’t producing nearly enough revenue to justify the valuation. The late-stage market is full o...
Buster Hein / Cult of Mac : Guilherme Rambo, who has published scoops about unreleased Apple products by examining beta software, says Apple locked his dev account with no stated reason — Guilherme Rambo, one of the top Apple secret-spillers, says Apple locked him out of his developer account, preventing … from Techmeme https://ift.tt/37pX6fR
The future is very much yet to be written about vertical farming. In many ways, the technology presents hope in the midst of rising food safety concerns, aging populations and potential environmental collapse. It’s also an intensely hard row to hoe, as it were. Early companies in the space are going to be the ones focused on driving down unit economics (hopefully) to a point where the technology makes sense from a price perspective. But sometimes being early to a party means you’re among the first to leave. Last January, we covered what looked to be an important next step for Upward Farms, as the company announced plans to open a 250,000-square-foot farm in Northeastern, Pennsylvania early this year. The Brooklyn-based firm recently announced , however, that it has closed up shop. “We found that vertical farming is almost infinitely complex — as we tackled challenges, new ones emerged,” founders Jason Green, Ben Silverman and Matt La Rosa said in an open letter. “Our team faced thes...
Comments
Post a Comment