The United States has imposed sanctions on the TGR Group, an international illegal financial network that allows the Russian elite to circumvent U.S. and international sanctions.
In a statement, the U.S Treasury Department said that sanctions were imposed against five individuals and four organizations associated with the TGR.
Through the TGR, Russian elites tried to use digital assets, particularly stablecoins backed by the U. S. dollar, to bypass U.S and international sanctions, said Bradley T. Smith, acting undersecretary for counterterrorism and financial intelligence.
These persons and entities have been added to the sanctions list:
- George Rossi (aka Yuri Maksakov), a Ukrainian citizen born in Russia believed to exercise overall control over TGR;
- Elena Chirkinyan, a direct subordinate of Rossi,
- Andreis Bradens is a Latvian citizen who is associated with several TGR Group companies, including Pullman Global Solutions LLC and TGR Corporate Concierge LTD,
- TGR Partners is a Russian company based in Moscow that provides financial services such as asset management and cryptocurrency trading,
- TGR Corporate Conciergeltd is a British company owned and operated by Andreis,
- TGR DWC- LLC is a company in the United Arab Emirates, managed by Chirkinyan,
- Siam Expert Trading Company Limited is a Thai company affiliated with Andreis,
- Pullman Global Solution LLC is a Wyoming-based company owned by the Bradens.
