On 12 Apr , 2023 , OFAC imposed sanctions on Nazim Tofik Ogly Efendiev and targeted several other individuals with ties to Usmanov and his businesses.
US Sanctions On Nazim Tofik Ogly Efendiev on April 2023
The U.S. government sanctioned several “financial fixers” of sanctioned Russian oligarchs, including Roman Abramovich and Alisher Usmanov, whose efforts to launder hundreds of millions of dollars have been intensely scrutinized since Russia launched its full-scale invasion of Ukraine in Feb 2022.
Nazim Tofik Ogly Efendiev is the General Director of Metalloinvest Management Company LLC. Linked to Alisher Usmanov.
Russian Federation national Nazim Tofik Ogly Efendiev (Efendiev), Russian Federation–Cyprus national Vakhtang Ernstovich Kocharov (Kocharov), and Russian Federation national Valery Dzhekovich Kazikaev (Kazikaev) are senior members of management or members of the board of directors of Usmanov-related metals and mining companies Metalloinvest and Udokan Copper. Kazikaev also owns Slovakia-based KTH Group Spol SRO (KTH Group).
Efendiev, Kocharov, and Kazikaev were designated pursuant to E.O. 14024 for operating or having operated in the metals and mining sector of the Russian Federation economy. Streshinskiy was designated pursuant to E.O. 14024 for operating or having operated in the metals and mining sector of the Russian Federation economy as well as for being or having been a leader, official, senior executive officer, or member of the board of directors of USM, Megafon, and Metalloinvest. Streshinskaya was designated pursuant to E.O. 14024 for being a spouse or adult child of Streshinskiy.
Biography Of Nazim Tofik Ogly Efendiev
Nazim Tofik Ogly Efendiev was born on 16 Sep 1963 in Baku, Azerbaijan.
Efendiev earned his bachelor’s degree from the Military Institute of the RF Ministry of Defence and obtained an MBA from The Russian Presidential Academy of National Economy & Public Administration.
Nazim Tofik Ogly Efendiev holds the position of Chairman for Metalloinvest Trading AG .
Chief Executive Officer & Director at Metalloinvest Holding Co. JSC.
Efendiev is on the board of Mihailovsky GOK PJSC, Baikal Mining Co. LLC and Hamriyah Steel Fzc .
Chief Executive Officer & Director at Metalloinvest Management Co. LLC .
Member-Management Board at Oskol Electrometallurgical Plant JSC.