Policies & IssuesJun 29, 2023
U.S. Sanctions Gold Cos. Allegedly Tied to Russian Mercenary Group Policies & IssuesJul 25, 2023
Alrosa’s New CEO Lands on US Sanctions List
Pavel Marinychev was appointed as leader of the diamond mining company in May.
Alrosa’s new CEO, Pavel Marinychev, was included in the U.S. government’s latest round of sanctions on Russia. He was appointed CEO of the company in May after serving as head of Alrosa subsidiary JSC Almazy Anabara.
Washington, D.C.— Pavel Alekseevich Marinychev, the new CEO of Alrosa, was among the names included in a fresh round of Russian sanctions announced by the U.S. State Department late last week.
Released Thursday, the broader list is designed to negatively impact Russia’s energy and military sectors to make it more difficult for the country to continue to fund the war in Ukraine.
Marinychev was included in the portion of the list dedicated to “Russian Federation elites, government officials, and malign actors” for operating in the country’s metals and mining sector and heading a company that is majority-owned by the Russian government.
He was appointed CEO of Alrosa in May after heading subsidiary JSC Almazy Anabara.
The new list also includes sanctions on the country’s space program as well as two individuals linked to Wagner Group leader Yevgeniy Prigozhin.
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Released Thursday, the broader list is designed to negatively impact Russia’s energy and military sectors to make it more difficult for the country to continue to fund the war in Ukraine.
Marinychev was included in the portion of the list dedicated to “Russian Federation elites, government officials, and malign actors” for operating in the country’s metals and mining sector and heading a company that is majority-owned by the Russian government.
He was appointed CEO of Alrosa in May after heading subsidiary JSC Almazy Anabara.
The new list also includes sanctions on the country’s space program as well as two individuals linked to Wagner Group leader Yevgeniy Prigozhin.
The U.S. government first imposed sanctions on Alrosa in February 2022, immediately after Russia’s invasion of Ukraine.
It put the diamond mining company on the Specially Designated Nationals (SDN) list in April 2022, a move that blocked its assets and effectively barred U.S. businesses and individuals from doing business with Alrosa.
Alrosa’s former CEO, Sergey Ivanov Jr., is on the SDN list as well.
Reports of tighter sanctions that would impact Russian diamonds cut and polished outside the country have been circulating since the beginning of 2023, but no concrete details or dates for implementation have emerged.
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