Thursday, July 31, 2014

EU sanctions top Putin aides over Ukraine conflict


A former judo sparring partner of Vladimir Putin is among three of the Russian president’s close aides on a new EU sanctions list.
The EU says billionaire tycoon Arkady Rotenberg runs firms which profited from the 2014 Sochi Winter Olympics. He is also under US sanctions.
The asset freezes and travel bans target Russian officials accused of undermining Ukraine’s sovereignty.
The major shareholders in Bank Rossiya, close to Putin, are also listed.
Rotenberg’s construction projects include a contract to build a bridge linking Russia with Crimea.
Western leaders are using sanctions to punish Russia for its annexation of Crimea in March and its support for the pro-Russian separatists fighting in eastern Ukraine. The rebel cause has been helped by Russian heavy weapons and volunteers, according to Western intelligence.
The downing of a Malaysia Airlines jet on July 17 – allegedly hit by a Russian-made missile – fuelled calls for tougher action against the Kremlin and the rebels in Ukraine.
The EU says Bank Rossiya “is considered the personal bank of senior officials of the Russian Federation”.
The bank’s chairman Yuri Kovalchuk owns about 38 per cent of the bank’s shares. He is now on the EU and US sanctions lists, along with Nikolai Shamalov, who has a 10 per cent stake in the bank.

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