US sanctions Russians on Alfa Group board in response to war in Ukraine

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In this photo taken of July 22, 2008, then TNK-BP executive director German Khan signs papers as Russian President Dmitry Medvedev and Venezuelan President Hugo Chavez watch during a ceremony in Meiendorf Castle outside Moscow. (AP/File)
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Russian President Vladimir Putin applauds then Alfa Bank head Petr Aven after awarding him with the Order of Merit to the Fatherland during a ceremony at the Kremlin in Moscow, July 25, 2005. (AP/Pool photo/File)
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Mikhail Fridman, co-founder of Alfa-Group, attends a conference of the Israel Keren Hayesod foundation in Moscow on Sept. 17, 2019. AP photo/ Pool, File)
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Updated 12 August 2023
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US sanctions Russians on Alfa Group board in response to war in Ukraine

  • All four people were already sanctioned by Australia, Canada, EU, New Zealand and UK
  • Alfa Group is one of Russia’s largest conglomerates with interests in oil, natural gas and banking

WASHINGTON: The US Treasury Department on Friday imposed financial sanctions against four Russians on the board of Alfa Group, one of Russia’s largest conglomerates with interests in oil, natural gas and banking.
The sanctions are part of continuing efforts to place restrictions on the economy of Russia and its wealthiest powerbrokers, a response to its invasion last year of Ukraine and the ensuing war.

Sanctioned by Treasury are Petr Olegovich Aven, Mikhail Maratovich Fridman, German Borisovich Khan and Alexey Viktorovich Kuzmichev.
“Wealthy Russian elites should disabuse themselves of the notion that they can operate business as usual while the Kremlin wages war against the Ukrainian people,” said Deputy Treasury Secretary Wally Adeyemo. “Our international coalition will continue to hold accountable those enabling the unjustified and unprovoked invasion of Ukraine.”
Also sanctioned is the Russian Union of Industrialists and Entrepreneurs. The group is involved in the technology sector and has helped Russia counteract other sanctions stemming from the war, the Treasury Department said.
All four people were already sanctioned by Australia, Canada, the European Union, New Zealand and the United Kingdom.
Fridman is a founder of Alfa Group and ranked as one of Russia’s wealthiest tycoons. The group’s Alfa Bank, Russia’s largest nonstate bank, was sanctioned by the EU in March 2022 and Fridman left the board thereafter to try to help the bank skirt sanctions. Aven headed Alfa-Bank until March 2022, but like Fridman left the board after EU sanctions.
The sanctions against the individuals would block access to their US properties and financial interests.
 


Progress for Ukraine talks in Paris uncertain with US focus shifting to Venezuela

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Progress for Ukraine talks in Paris uncertain with US focus shifting to Venezuela

  • Ukraine’s allies are meeting in Paris to discuss security guarantees after a potential ceasefire with Russia. The Trump administration’s focus on Venezuela could complicate progress
  • France and the UK lead efforts to strengthen post-ceasefire defenses for Ukraine, possibly with European forces

PARIS: Ukraine’s allies are meeting Tuesday in Paris for key talks that could help determine the country’s security after a potential ceasefire with Russia. But prospects for progress are uncertain with the Trump administration’s focus shifting to Venezuela.
Before the US capture of Venezuelan leader Nicolás Maduro, French President Emmanuel Macron had expressed optimism about the latest gathering of so-called “coalition of the willing” nations. For months, they have been exploring how to deter any future Russian aggression should it agree to stop fighting Ukraine.
In a Dec. 31 address, Macron said that allies would “make concrete commitments” at the summit “to protect Ukraine and ensure a just and lasting peace.”
Macron’s office said Tuesday’s meeting will gather an unprecedented number of officials attending in person, with 35 participants including 27 heads of state and government. The US will be represented by President Donald Trump’s envoys, Steve Witkoff and Jared Kushner.
Macron’s office said the US delegation was initially set to be led by Secretary of State Marco Rubio, who changed his plans for reasons related to the military intervention in Venezuela.
Participants seek concrete outcomes on five key priorities once fighting ends: ways to monitor a ceasefire; support for Ukraine’s armed forces; deployment of a multinational force on land, at sea and in the air; commitments in case there’s another Russian aggression; and long-term defense cooperation with Ukraine.
But whether that’s still achievable Tuesday isn’t so clear now, as Trump deals with the aftermath of his decision to effect leadership change in Venezuela.
Ukraine seeks firm guarantees from Washington of military and other support seen as crucial to securing similar commitments from other allies. Kyiv has been wary of any ceasefire that it fears could provide time for Russia to regroup and attack again.
Recent progress in talks
Before the US military operation targeting Maduro, Witkoff had indicated progress in talks about protecting and reassuring Ukraine.
In a Dec. 31 post, Witkoff tweeted that “productive” discussions with him, Rubio, and Kushner on the US side and, on the other, national security advisers of Britain, France, Germany and Ukraine had focused on “strengthening security guarantees and developing effective deconfliction mechanisms to help end the war and ensure it does not restart.”
France, which with the United Kingdom has coordinated the monthslong, multination effort to shore up a ceasefire, has only given broad-brush details about the plan’s scope. It says Ukraine’s first line of defense against a Russian resumption of war would be the Ukrainian military and that the coalition intends to strengthen it with training, weaponry and other support.
Macron has also spoken of European forces potentially being deployed away from Ukraine’s front lines to help deter future Russian aggression.
Important details unfinalized
Ukraine’s President Volodymyr Zelensky said during the weekend that potential European troop deployments still face hurdles, important details remain unfinalized, and “not everyone is ready” to commit forces.
He noted that many countries would need approval from parliament even if leaders agreed to military support for Ukraine. But he recognized that support could come in forms other than troops, such as “through weapons, technologies and intelligence.”
Zelensky said that post-ceasefire deployments in Ukraine by Britain and France, Western Europe’s only nuclear-armed nations, would be “essential” because some other coalition members ”cannot provide military assistance in the form of troops, but they do provide support through sanctions, financial assistance, humanitarian aid and so on.”
“Speaking frankly as president, even the very existence of the coalition depends on whether certain countries are ready to step up their presence,” Zelensky said. “If they are not ready at all, then it is not really a ‘coalition of the willing.’”