That makes Timchenko the wealthiest Russian billionaire yet to face US sanctions directly applied to family members, as the government looks for new ways to step up pressure on Vladimir Putin and his allies a month after the invasion of Ukraine.
(Bloomberg) By the time the Biden administration sanctioned Gennady Timchenko this week, it was nothing new for the Russian billionaire. He’s one of the few ultra-rich individuals who has been penalized by the European Union, U.K. and U.S.
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