Russian Individuals & Entities Sanctioned by the US (i)

Powered by

Back to the list

TIMCHENKO, Gennady Nikolayevich


TIMCHENKO, Gennadiy Nikolayevich
TIMCHENKO, Gennadiy Nikolaevich
The owner of OOO Volga Group
Industry: Financial services sector
Nationality: FI, RU, AM


Tax ID No. 781012626436 (RU)
Gender Male
Birth Date: 1952-11-09


10 Rampe de Cologny, 1223, Geneva, CH
Shvedskiy tup. 3, 26, Moscow, RU
Birth Place: Gyumri, Armenia
Leninakan, Armenia

Sanctions Reason

EO13661: Timchenko was designated on March 20, 2014 pursuant to E.O. 13661 for acting for or on behalf of or materially assisting, sponsoring, or providing financial, material, or technological support for, or goods and services to or in support of, a senior official of the Government of the Russian Federation. Timchenko is the sole shareholder of the Volga Group, an investment strategy group that holds interest in a variety of assets on behalf of Timchenko. EO14024: OOO Volga Group is being re-designated for having operated in the financial services sector of the Russian Federation economy. As a result, Gennady Nikolayevich Timchenko, the owner of OOO Volga Group, will also be re-designated along with OOO Transoil, which Timchenko owns. Timchenko’s wife, Elena Petrovna Timchenko, and daughter, Natalya Browning, will now also be designated along with Ksenia Gennadevna Frank, a board member of OOO Transoil and her spouse Gleb Sergeevich Frank. Navalny Group: Gennady Timchenko is a long-time acquaintance of the President of the Russian Federation Vladimir Putin and is broadly described as one of his confidants. He is benefiting from his links with Russian decision-makers. He is founder and shareholder of the Volga Group, an investing group with a portfolio of investments in key-sectors of the Russian economy. The Volga Group contributes significantly to the Russian economy and its development. He is also a shareholder of Bank Rossiya which is considered the personal bank of Senior Officials of the Russian Federation. Since the illegal annexation of Crimea, Bank Rossiya has opened branches across Crimea and Sevastopol, thereby consolidating their integration into the Russian Federation. Furthermore, Bank Rossiya has important stakes in the National Media Group which in turn controls television stations which actively support the Russian government’s policies of destabilisation of Ukraine.
Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209
Sanctions Start Date: EO13661: 03/20/2014, EO14024: 03/24/2022
Designated under: UKRAINE-EO13661, RUSSIA-EO14024

Sanctions Type: Blocking sanctions against individuals and entities designated pursuant to E.O. 13660, E.O. 13661, E.O. 13662, or E.O. 13685 and listed on the List of Specially Designated Nationals and Blocked Persons (SDN List)
Visa Ban: 1
Known resence in safe-havens: LENA (ZJL8309) Yacht British Virgin Islands flag; Vessel Registration Identification IMO 9594339 (vessel) [RUSSIA-EO14024]
Known associates: TIMCHENKO, Elena Petrovna (a.k.a. TIMCHENKO, Yelena Petrovna; a.k.a. TIMTCHENKO, Elena) BROWNING, Natalya (a.k.a. BROWNING, Natalia; f.k.a. TIMCHENKO, Natalya) FRANK, Ksenia Gennadevna (a.k.a. FRANK, Kseniya Gennadevna; a.k.a. FRANK, Xeniia; f.k.a. TIMCHENKO, Kseniya; f.k.a. TIMCHENKO, Xenia; f.k.a. TIMTCHENKO, Ksenia) FRANK, Gleb Sergeevich
Known evasion mechanisms: Designations Regarding Sanctions Evasion: The following eight individuals and entities are owned or controlled by, provide material support to, and/or are acting for or on behalf of, the previously designated Gennady Timchenko and his network: Sven Olsson, Avia Group Terminal Limited Liability Company, Transservice LLC, Lerma Trading, LTS Holding Ltd., Maples S.A., Fentex Properties Ltd. and White Seal Holdings.

Back to the list