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

Gold stocks pause along with metal price

September 07, 2026 / www.canadianminingreport.com

Canadian mining exploration expenditure expected to jump in 2026

September 07, 2026 / www.canadianminingreport.com

Gold stocks pull back after historical surge

August 31, 2026 / www.canadianminingreport.com

Inflows to gold sector jump, but for other metals muted

August 31, 2026 / www.canadianminingreport.com

TSX, TSXV mining equity investment still rising significantly in 2026

August 24, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok