Name

Mikhail Maratovich Fridman

Year of birth

1964

Additional Information

Places of birth:

Ukraine

Other information:

Associated individuals: the President of the Russian Federation Vladimir Putin, Petr Aven, German Borisovich Khan, Alexey Kuzmichev

Associated entities: JSC Voentorg

Justifications:

Mikhail Fridman is a Russian businessperson. He is one of the main shareholders of ABH Financial Limited, which includes a major Russian bank, Alfa Bank. He is also a shareholder of the LetterOne investment firm. He has managed to cultivate strong ties with the administration of the President of the Russian Federation, Vladimir Putin, and has been referred to as a top Russian financier and enabler of Putin’s inner circle. He managed to acquire state assets through government connections. He exchanged favours with the President of the Russian Federation, Vladimir Putin in return for political support to his business and financial gains. Vladimir Putin rewarded Alfa Group Consortium’s loyalty to the Russian authorities by providing political help for Alfa Group Consortium’s foreign investment plans.

The insurance company AlfaStrakhovanie, subsidiary of Alfa Group Consortium, provides insurance to the vehicles of the Federal Service of the National Guard of the Russian Federation (Rosgvardia), whose units operate in the occupied regions of Ukraine under Russian control, as well as the bodyguard vehicles of the President of the Russian Federation, Vladimir Putin. Furthermore, X5 Retail Group, another subsidiary of Alfa Group Consortium, cooperates with JSC Voentorg, an entity subject to restrictive measures which provides catering and laundry services, as well as military uniforms, to the armed forces of the Russian Federation and whose subsidiary sells T-shirts bearing the “Z” military symbol used by Russian propagandists to promote Russia’s war of aggression against Ukraine. Fridman and his business partner Petr Aven have been engaged in the Kremlin’s efforts to lift the Western sanctions issued to counter Russian aggressive policy against Ukraine.

Therefore, he is a leading businessperson operating in Russia and a businessperson involved in an economic sector providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine. He actively supported materially or financially and benefitted from Russian decision-makers responsible for the annexation of Crimea and the destabilisation of Ukraine. He also supported actions or policies which undermine or threaten the territorial integrity, sovereignty and independence of Ukraine.