Gennady Nikolayevich TIMCHENKO

Finland; Russia; Armenia

1952-11-09

Leninakan, Armenia; Gyumri, Armenia

Male

10 Rampe de Cologny, Geneva, 1223, Switzerland; Shvedskiy tup. 3, 26, Moscow, Russia

781012626436, Tax ID No.

Business

The following individuals are being designated because each is controlled by, has acted for or on behalf of, or has provided material or other support to, a senior Russian government official. Gennady Timchenko is one of the founders of Gunvor, one of the world’s largest independent commodity trading companies involved in the oil and energy markets.  Timchenko’s activities in the energy sector have been directly linked to Putin. Putin has investments in Gunvor and may have access to Gunvor funds.

US

https://home.treasury.gov/news/press-releases/jl23331

2014-03-20

US

Executive Order 13661 of March 16, 2014 Blocking Property of Additional Persons Contributing to the Situation in Ukraine

OFAC country specific

Russia

Blocking Property, Suspending Entry, Trade sanctions

E.O. 13661. On March 16, 2014, the President, invoking the authority of, inter alia, IEEPA, issued E.O. 13661. In E.O. 13661, the President expanded the scope of the national emergency declared in E.O. 13660, finding that the actions and policies of the Government of the Russian Federation with respect to Ukraine—including the recent deployment of Russian Federation military forces in the Crimea region of Ukraine—undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, and thereby constitute an unusual and extraordinary threat to the national security and foreign policy of the United States. Section 1(a) of E.O. 13661 blocks, with certain exceptions, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, of: (i) The persons listed in the Annex to E.O. 13661, and (ii) persons determined by the Secretary of the Treasury, in consultation with the Secretary of State to, among other things, be an official of the Government of the Russian Federation or operate in the arms or related materiel sector in the Russian Federation.

SDN