Russia's wealthiest man - worth almost $22 billion - hit by EU sanctions because of his ties to Putin, Russian officials

 

Alexei Mordashov, Russia's richest man and largest shareholder of Severstal, one of Russia‘s biggest steelmakers, has been blacklisted by the Europe Union as of Monday.

Mordashov is also chair of Severgroup, which the EU said controls television stations that promote Moscow’s policies of destabilizing Ukraine. The EU also said Rossiya Bank, in which Mordashov is a shareholder, is the “personal bank” of senior Russian officials who have profited from the occupation of Crimea.

On Monday, the EU announced sanctions against presidential press secretary Dmitry Peskov and 24 other Russians, including politicians, businessmen, top managers and journalists close to Russian President Vladimir Putin.

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