"Sanctions were first imposed on Russians with assets in Switzerland like Viktor Vekselberg and Gennady Timchenko back in 2014."
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"By the time the Biden administration sanctioned Gennady Timchenko this week, it was nothing new for the Russian billionaire. "
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"The Timchenko family didn't reply to requests for comment sent through the Elena & Gennady Timchenko Foundation."
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"Vladimir Potanin, Leonid Mikhelson and Gennady Timchenko each grew their fortunes by more than $1 billion on Thursday. "
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"Five other individuals were named in the latest EU sanctions: Mikhail Fridman, Petr Aven, Alexey Mordashov, Gennady Timchenko and Alexander Ponomarenko. "
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"The EU earlier added six of Russia's wealthiest individuals to its sanctions list, including Alexey Mordashov, Mikhail Fridman, Petr Aven, Alisher Usmanov, Gennady Timchenko and Alexander Ponomarenko."
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"However, their value plunged and the yield on the five-year notes surged when co-founder Gennady Timchenko was placed under U.S. sanctions because of his relationship with Russian president Vladimir Putin."
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