The European Union announced sanctions against 26 additional individuals, including Russian billionaires. It includes an asset freeze and travel ban. Russia
, is Russia’s second-wealthiest man thanks to his $29.1 billion fortune off his majority stake in Russian steel company Severstal.’ calculations: Timchenko , a large stakeholder in several Russian raw materials companies, Usmanov , a metal magnate and early Facebook investor, Fridman , the founder of Russia’s largest private bank Alfa Bank, and Ponomarenko , the chairman of the board of Russia’s largest airport.
The E.U. also sanctioned Dmitry Peskov, Russian President Vladimir Putin’s spokesperson, and cited many others’ personal ties to Putin as the reason for their inclusion., was the only company named in the sanctions.The billionaires named by the E.U. Monday had previously evaded Western sanctions aside from Timchenko, who already
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