Present and past owners of OAO Bank Rossiya, the only company hit with sanctions for Russia’s takeover of Crimea, include three billionaires, two proteges of a Nobel Laureate and, according to a Spanish prosecutor, one possible mob boss.
President Vladimir Putin said Russia must develop its own payments network, with companies that blocked some transactions following U.S. sanctions on Russian individuals and a bank at risk of losing market share.
President Barack Obama expanded U.S. financial sanctions to 20 more Russian officials, businessmen and a bank and authorized potential future penalties that would directly target sectors of the Russian economy.
U.S. President Barack Obama imposed financial sanctions on several billionaire associates and top aides of President Vladimir Putin as he increased pressure on Russia. Kremlin spokesman Dmitry Peskov said Russia’s reaction will be “reciprocal and swift” after Russia barred nine U.S. lawmakers and officials in retaliation against earlier measures.
OAO Russian Railways is seeking to regain the right to manage rolling stock a decade after the government weakened its monopoly by opening the market to competitors, Chief Executive Officer Vladimir Yakunin said.