World News, Special Report, Americas
Posted: 08 Jun 2022 18:16
But they are meant to unsettle a very personal element of the Russian economy, one driven by the reality that Putin's inner circle and the family members tied to them represent an extraordinary consolidation of wealth and power inside the country. It is clear, officials say, that the opening salvo of that approach is unlikely to be the last. The sanctions are aimed at "powerful Russians in Putin's inner circle believed to be participating in the Russian regime's kleptocracy and their family members," according to the Treasury Department. Denis Bortnikov is the son of Aleksandr Bortnikov, the powerful head of the Federal Security Service, Russia's domestic intelligence service known as the FSB. The elder Bortnikov, already subject to sanctions in March of last year, was re-designated for sanctions in the new round. Vladimir Kiriyenko is the son of Sergei Kiriyenko, the former prime minister and current first deputy chief of staff of the presidential office who is viewed by US officials as "Putin's domestic policy curator." The elder Kiriyenko, also sanctioned in 2021, was also re-designated for sanctions on Tuesday. The re-designations were necessary to create the legal pathway to target their sons for designation, which freezes all property and interests in property in the US, or in possession or control of a US citizen. A third sanctioned individual, Petr Fradkov, serves as the CEO of Promsvyazbank, the military bank also targeted for sanctions on Tuesday. But he, too, carries a key familial tie to the upper echelons of Putin's orbit. Fradkov is the son of Mikhail Fradkov, an ex-prime minister of Russia and the former chief of the Russian Foreign Intelligence Service, or SVR.
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