Why the U.S. Is Targeting the Business Empire of a Putin Ally

Posted On 29 Apr 2014
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Russian billionaire Gennady Timchenko As the U.S. imposes a new round of sanctions on Russian President Vladimir Putin’s inner circle, one name comes up again and again: Gennady Timchenko. Of 17 companies and banks added to the U.S. sanctions list today, at least 15 are connected to Timchenko, a Russian-born billionaire and former judo partner of Putin’s. Timchenko, who built his fortune as co-founder of the oil trading company Gunvor Group, said he sold his stake in Gunvor the day before his name was placed on the first U.S. sanctions list on March 20.

Read the source article at Businessweek

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