In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities. Russian diamond mining giant Alrosa is among those targeted and its CEO, Pavel Alekseevich Marinychev, has been designated as part of these sanctions, according to the U.S. Department of State.
The sanctions, authorised under Executive Order 14024, aim to degrade Russia’s military capabilities, reduce its revenue from future energy projects, and address sanctions evasion by targeting those aiding Russia in procuring sensitive materials. Additionally, the US is working to constrain Russia’s use of the international financial system to support its military actions.
Marinychev’s role as CEO of PJSC Alrosa has led to his designation under the sanctions. Alrosa is a diamond mining company majority-owned by the Russian government and has been under scrutiny for its involvement in Russia’s actions in Ukraine.
This designation places restrictions on any property or interests in property belonging to Marinychev within US jurisdiction and blocks all transactions involving him, his assets, or the company.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
