Alfa-Bank stated that the new US sanctions targeting the bank’s former board members would not disrupt its day-to-day operations. This claim was carried by TASS, citing a spokesperson for the financial institution, who emphasized that business continued normally and without interruption.
The sanctions, announced on August 11, singled out Mikhail Fridman, a founder of Alfa-Bank, and Petr Aven, a major shareholder in the bank. The measures also included Alexei Kuzmichev, another founding investor in the Alfa Group conglomerate, as well as the legal entity known as the Russian Union of Industrialists and Entrepreneurs, broadening the list beyond individuals to a key corporate association linked to Russia’s business community.
Earlier, on July 19, a court in England adjusted the financial restrictions surrounding Pyotr Aven, the billionaire investor, allowing him to access funds to cover the costs of his London residence. The shift in the court’s stance came after previous sanctions had limited his financial freedoms in the UK, prompting questions about how such limitations impact a high-profile entrepreneur’s day-to-day living arrangements in a major global city.
Aven, who has faced sanctions in prior rounds, commented on the situation by noting the challenges of maintaining a lifestyle amid geopolitical pressures and regulatory constraints. His remarks reflect a broader concern among sanctioned business figures about liquidity, real estate commitments, and the ability to meet ongoing personal and professional expenses while navigating international sanctions regimes. The conversation around these cases underscores the interplay between sanctions policy, international finance, and the personal finances of high-net-worth individuals in transnational markets, including Europe and North America, where Alfa-Bank maintains operational importance and regional relevance (Source: Financial and legal coverage from related outlets).