15 Dec 2022 18:57

U.S. imposes sanctions on Potanin, Interros holding company

MOSCOW. Dec 15 (Interfax) - The U.S. has imposed sanctions against Vladimir Potanin and his Interros Holding Company, according to OFAC, the division of the U.S. Treasury Department tasked with sanctions enforcement.

Nornickel is not subject to sanctions. OFAC specifically states that Nornickel is not subject to sanctions and that sanctioned individuals do not own 50% of the company, as of December 15, 2022.

Interros Holding Company LLC (Moscow) is one of the shareholders of Nornickel. In total, Potanin, through Interros entities, owns about 35% of Nornickel shares.

The sanctions also extend to the members of Potanin's family.