New Alrosa Diamonds CEO hit by US sanctions
Pavel Marynichev, the recently appointed CEO of Alrosa, has been targeted by US sanctions, following in the footsteps of his predecessor Sergey Ivanov. According to IDEX Online, the US State Department revealed its decision earlier this month. The specific designation for Marynichev is linked to his involvement in the metals and mining sector of the Russian economy.
Marynichev, who previously served as a government official for the Republic of Sakha (Yakutia) with a focus on geology, assumed the role of Chairman and CEO at Alrosa for the next three years in May. The US State Department’s move forms part of its ongoing efforts to address Russia’s involvement in an “illegal war,” according to the piece.
While Alrosa has been officially under US sanctions since the onset of the war, the ban doesn’t apply to rough stones that are polished outside of Russia.
Source: israelidiamond