Mon Sep 01 2014 9:15:55 +0200 CEST
20 Mar 2014

U.S. Treasury Dept. Issues Sanctions Related to Ukraine Situation

The U.S. Department of the Treasury designates Russian government officials, members of the Russian leadership’s inner circle and a bank as subject to financial sanctions authorized by President Obama’s March 16 executive order.

Washington – The U.S. Department of the Treasury on March 20 designated 16 Russian government officials, four members of the Russian leadership’s inner circle and a bank as subject to financial sanctions under an executive order signed by President Obama March 16.

Executive Order 13661 authorizes sanctions on, among others, officials of the Russian government and any individual or entity that is owned or controlled by, that has acted for, or that has supported a senior Russian government official.

The 16 Russian officials being sanctioned are: Viktor Ozerov, Vladimir Dzhabarov, Evgeni Bushmin, Nikolai Ryzhkov, Sergei Zheleznyak, Sergei Mironov, Aleksandr Totoonov, Oleg Panteleev, Sergey Naryshkin, Victor Ivanov, Igor Sergun, Sergei Ivanov, Alexei Gromov, Andrei Fursenko, Vladimir Yakunin and Vladimir Kozhin.

Those being designated for acting for, supporting or assisting a senior Russian official are: Gennady Timchenko, Arkady Rotenberg, Boris Rotenberg, Yuri Kovalchuk and Bank Rossiya. In addition to being designated for providing material support to Russian government officials, Bank Rossiya is also being designated for being controlled by designated inner circle member Kovalchuk.

“With its currency near an all-time low, its stock market down twenty percent this year and a marked rise in interest rates, Russia has already started to bear the economic costs of its unlawful effort to undermine Ukraine’s security, stability, and sovereignty,” said Under Secretary for Terrorism and Financial Intelligence David Cohen.

“As President Obama has made clear, we will continue to impose costs in direct response to Russia’s provocative acts, even as we have made clear there is a path to de-escalate the situation in Ukraine that respects Ukraine’s sovereignty and territorial integrity and takes account of Russia’s legitimate interests.”

RUSSIAN GOVERNMENT OFFICIALS, MEMBERS OF INNER CIRCLE

Government officials:

• Viktor Ozerov is the chairman of the Security and Defense Committee of the Federation Council of the Russian Federation. On March 1, Ozerov supported Russian President Vladimir Putin’s appeal regarding the use of the Russian armed forces in Ukraine.

• Vladimir Dzhabarov is the first deputy chairman of the International Affairs Committee of the Federation Council of the Russian Federation. On March 1, Dzhabarov supported the Putin’s appeal regarding the use of the Russian armed forces in Ukraine.

• Evgeni Bushmin is the deputy speaker of the Federation Council of the Russian Federation. On March 1, 2014, Bushmin publicly supported the deployment of Russian forces in Ukraine.

• Nikolai Ryzhkov is a senator in the Russian Upper House of Parliament (Federation Council). Ryzhkov publicly supported the deployment of Russian forces in Ukraine.

• Sergei Zheleznyak is the deputy speaker of the State Duma of the Russian Federation.

• Sergei Mironov is a member of the Council of the State Duma, a member of the State Duma Committee on Housing Policy and Housing and Communal Services, and leader of the Fair Russia Faction in the Duma of the Russian Federation.

• Aleksandr Totoonov is a member of the Committee on Culture, Science, and Information, Federation Council of the Russian Federation. On March 1, Totoonov publicly supported the deployment of Russian forces in Ukraine.

• Oleg Panteleev is the first deputy chairman of the Committee on Parliamentary Issues. On March 1, Panteleev publicly supported the deployment of Russian forces in Ukraine.

• Sergey Naryshkin has been the chairman of the Government Duma of the Federal Gathering of the Russian Federation since December 2011. He is also a member of the National Security Council of the Russian Federation and of the United Russia party.

• Victor Ivanov has been director of the Federal Drug Control Service of the Russian Federation since May 15, 2008.

• Igor Sergun is head of Russia’s military intelligence service and is deputy chief of the General Staff.

• Sergei Ivanov is the chief of staff of the Presidential Executive Office.

• Alexei Gromov is the first deputy chief of staff of the Presidential Executive Office.

• Andrei Fursenko is an aide to the president of the Russian Federation and has been in that position since May 21, 2012.

• Vladimir Yakunin was appointed as chairman of the board of the Russian state-owned company Russian Railways on June 15, 2005.

• Vladimir Kozhin was appointed the head of administration under the president of the Russian Federation by Putin on January 21, 2000, and continues to serve in that post.

Members of the Inner Circle:

• Gennady Timchenko is one of the founders of Gunvor, one of the world’s largest independent commodity trading companies involved in the oil and energy markets. Putin has investments in Gunvor and might have access to Gunvor funds.

• Arkady Rotenberg and Boris Rotenberg have provided support to Putin’s pet projects by receiving and executing high-price contracts for the Sochi Olympic Games and state-controlled Gazprom. They have made billions of dollars in contracts for Gazprom and the Sochi Winter Olympics awarded to them by Putin.

• Yuri Kovalchuk is the largest single shareholder of Bank Rossiya and is also the personal banker for senior officials of the Russian Federation, including Putin.

In addition, Bank Rossiya is being designated because it is controlled by, has acted for, or has supported senior Russian government officials. It the personal bank for senior officials of the Russian Federation and its shareholders include members of Putin’s inner circle associated with the Ozero Dacha Cooperative, a housing community in which they live.

Bank Rossiya also is controlled by Kovalchuk, designated above. Bank Rossiya is ranked as the 17th largest bank in Russia with assets of approximately $10 billion, and it maintains numerous correspondent relationships with banks in the United States, Europe and elsewhere. The bank provides a wide range of retail and corporate services, many of which relate to the energy sector.

As a result of Treasury’s action, any assets of the persons designated March 20 that are within U.S. jurisdiction must be frozen. Additionally, transactions by U.S. persons or within the United States involving the individuals and entity designated March 20 are generally prohibited.

More Coverage: 
Washington Updated: 
2014-03-20 19:33:24 GMT

Distributed by the Embassy of the United States of America, Brussels, Belgium. Web sites: http://belgium.usembassy.gov; http://www.uspolicy.be.

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