The US sanctions Gennady Timchenko’s wife and two daughters…

Photo: Russian oligarch Gennady Timchenko. Photo credit: Reuters / Grigory Dukor. Article by Zahra Tayeb. Insider – March 26, 2022.

The family of sanctioned Russian oligarch Gennady Timchenko have been hit by restrictions as the US government moves to freeze assets of wealthy Russians amid the war in Ukraine.

Timchenko, a close confidant of Russian President Vladimir Putin, founded the private investment firm Volga Group, which was recently sanctioned, per Bloomberg.

He had stakes in various Russian businesses, including Russia’s largest and private gas company Novatek. He resigned from the board last week, however. […]

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