The United States implemented on Friday fresh sanctions targeting Moscow’s financial elite related to the conflict in Ukraine. These sanctions were imposed on four individuals associated with the Alfa Group, a financial and investment conglomerate, as well as a Russian business association. The Treasury Department released a statement confirming these measures.
The Treasury said it was targeting four men who have served on the supervisory board of the Alfa Group — Petr Olegivich Aven, Mikhail Maratovich Fridman, German Borisovich Khan and Alexey Viktorovich Kuzmichev — one of Russia’s largest financial and investment conglomerates under sanctions against the country’s financial services sector.
It also imposed sanctions on the Russian Association of Employers the Russian Union of Industrialists and Entrepreneurs, it said.
“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,” Deputy Secretary of the Treasury Wally Adeyemo said in the statement.
Russia’s embassy in Washington did not immediately respond to a request for comment.