Petr Fradkov Assets: More about Promsvyazbank and Luxurious Lifestyle 2023

Alexander HarrisNovember 23, 2023

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Who is Petr Fradkov?

Petr Mikhaylovich Fradkov, born in Moscow in 1978, is a prominent Russian economist and banker. Currently, he holds the positions of Chairman and CEO of Promsvyazbank and serves as the general director of the Russian Export Center. In addition, Petr Fradkov assets complement his extensive educational background.

Fradkov completed his education at the Moscow State Institute of International Relations in 2000. Subsequently, he earned a Master of Business Administration (MBA) from the Kingston Business School in 2007. His academic achievements also include a second MBA and being a candidate for an economic sciences degree from the Russian Presidential Academy of National Economy and Public Administration.

Notably, Fradkov is the son of Mikhail Fradkov, a former Prime Minister of Russia and the former Director of the Russian Foreign Intelligence Service. He is married to Victoria Igorevna Fradkova, and the couple has a daughter.

Real Estate Holdings: Petr Fradkov Assets

Petr Fradkov, the Chairman and CEO of Promsvyazbank, has been involved in various real estate ventures throughout his career. Here are some of these ventures:

LLC, Resort Zolotoe Koltso

LLC Resort Zolotoe Koltso stands as a prominent real estate and construction firm based in Russia. However, it has faced sanctions due to President Vladimir Putin’s recognition of the Donetsk and Luhansk People’s Republics (DPR and LPR) as “independent” states, along with troop deployments in those regions. Petr Fradkov, the Chairman and CEO of Promsvyazbank, found himself under personal economic sanctions from the U.S. Treasury due to Promsvyazbank’s actions in the Donetsk and Luhansk regions.

Fradkov’s leadership in Promsvyazbank, a company engaged in sectors like real estate, construction, and electric energy, reflects his diverse interests in the Russian economy. Despite the challenges posed by sanctions, the company maintains a significant presence in various industries, showcasing Fradkov’s versatile involvement in Russia’s economic landscape.

LLC Infrastructure Molzhaninovo

LLC Infrastructure Molzhaninovo, also known as Infrastruktura Molzhaninovo, operates as an electric energy company based in Russia. The company has faced sanctions due to President Vladimir Putin’s acknowledgment of the Donetsk and Luhansk People’s Republics (DPR and LPR) as “independent” states, along with the deployment of troops in these regions.

The U.S. Treasury has personally sanctioned Petr Fradkov, the Chairman and CEO of Promsvyazbank, in response to Promsvyazbank’s actions in the Donetsk and Luhansk regions, where Fradkov holds those positions. These sanctions have an impact on LLC Infrastructure Molzhaninovo as a Promsvyazbank-related entity.

LLC Baikal Center

Baikal Center LLC, a Russian construction company, faced sanctions due to President Vladimir Putin’s recognition of the Donetsk and Luhansk People’s Republics as “independent” states and the deployment of troops in those regions.

Petr Fradkov, Chairman and CEO of Promsvyazbank, also incurred personal economic sanctions from the U.S. Treasury in response to Promsvyazbank’s activities in the Donetsk and Luhansk regions. LLC Baikal Center, connected to Promsvyazbank, is among the entities affected by these sanctions.

LLC Progorod

LLC Progorod, based in Moscow, Russia, holds the tax ID number 9704013161. This company faced sanctions due to President Vladimir Putin’s decision to recognize the Donetsk and Luhansk People’s Republics (DPR and LPR) as “independent” states and deploy troops in those regions.

The U.S. Treasury responded by imposing personal economic sanctions on Petr Fradkov, who serves as the Chairman and CEO of Promsvyazbank, in connection with actions taken by Promsvyazbank in the Donetsk and Luhansk regions. These sanctions have a direct effect on LLC Progorod, one of the entities linked to Promsvyazbank.

LLC, VEB.RF Asset Management

LLC VEB.RF Asset Management is a financial firm situated in Russia that operates as a subsidiary of VEB.RF is a Russian state development corporation established in 2007. VEB.RF functions as both an investment company and a development institute, having funded over 300 projects. As of 2023, its total assets stood at $50.3 billion.

Petr Fradkov, the Chairman and CEO of Promsvyazbank, faced personal economic sanctions from the U.S. Treasury. These sanctions were imposed in response to Promsvyazbank’s actions in the Donetsk and Luhansk regions, areas where Fradkov holds the positions of Chairman and CEO. As a result, LLC VEB.RF Asset Management, a Promsvyazbank affiliate, has suffered.

This action underscores the complex interconnections between financial entities and geopolitical events, with Petr Fradkov’s role in both Promsvyazbank and LLC VEB.RF Asset Management subjecting these organizations to international economic repercussions.