Alrosa's New CEO Sanctioned by US

By John Jeffay / July 23, 2023 / www.idexonline.com / Article Link

(IDEX Online) -  Alrosa's new CEO, Pavel Marynichev, has been sanctioned the US, as his predecessor Sergey Ivanov was before him.The US State Department announced last Thursday that it was imposing additional sanctions on individuals and entities to degrade Russia's current and future military capabilities.It said Marinychev was being designated for "operating or having operated in the metals and mining sector of the Russian Federation economy".In May he was appointed chairman and CEO of Russia's state-controlled miner for the next three years.Marynichev (pictured) worked as a government official for the Republic of Sakha (Yakutia), where his remit included geology, before joining Alrosa, the state-run miner, as CEO of its Almazy Anabara (Diamonds of Anabara) division.He replaced Ivanov, who was sanctioned by the US, together with his father, after Russia invaded Ukraine last February.Alrosa has officially been sanctioned by the US since the start of the war in February 2022, although the ban does not cover rough stones polished outside Russia, and has had little impact on its sales.The US State Department said it was designating multiple senior government officials and malign actors as part of its continued efforts against "Russia's illegal war".

Recent News

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com

Tariff issue caused by potential definition change of traded gold bars

August 11, 2025 / www.canadianminingreport.com

US BLS head removed after revisions to employment data

August 04, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok