US Treasury Targets Russian Elites and Business Association with Sanctions
The US Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on four prominent members of Russia's financial elite, including Petr Aven, Mikhail Fridman, German Khan, and Alexey Kuzmichev, who are associated with the Alfa Group Consortium. These individuals have also been sanctioned by other countries. Additionally, the Russian Association of Employers, the Russian Union of Industrialists and Entrepreneurs (RSPP), a business association involved in Russia's technology sector, has been targeted. The sanctions aim to hold accountable those enabling Russia's invasion of Ukraine. The sanctions freeze their assets and prohibit transactions involving them.