There’s a familiar name on the latest Specially Designated Nationals List in the US sanctions against Russia…
TIMCHENKO, Gennady (a.k.a. TIMCHENKO, Gennadiy Nikolayevich; a.k.a. TIMCHENKO, Gennady Nikolayevich; a.k.a. TIMTCHENKO, Guennadi), Geneva, Switzerland; DOB 09 Nov 1952; POB Leninakan, Armenia; alt. POB Gyumri, Armenia; nationality Finland; alt. nationality Russia; alt. nationality Armenia (individual) [UKRAINE2]…
Gennady Timchenko is therefore also an EU national on Thursday’s list.
But Mr Timchenko will be better known to financial markets as the co-founder of the privately-held trading house, Gunvor Group, the fourth largest crude oil trader in the world after Glencore, Vitol, and Trafigura. Mr Timchenko also owns a stake in Novatek, the Russian gas producer.
There’s a bank on the list for the first time:
BANK ROSSIYA (f.k.a. AKTSIONERNY BANK RUSSIAN FEDERATION), 2 Liter A Pl. Rastrelli, Saint Petersburg 191124, Russia; SWIFT/BIC ROSY RU 2P; Website www.abr.ru; Email Address bank@abr.ru [UKRAINE2].
Bank Rossiya is privately-held and has an interesting history.
In Putin’s Russia, risk prices you.
Update – More from the US Treasury…
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. Timchenko’s activities in the energy sector have been directly linked to Putin. Putin has investments in Gunvor and may have access to Gunvor funds.
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