Valery Dzhekovich Kazikaev is a Russian businessman who has been sanctioned by the United States, the United Kingdom, and the European Union for his role in supporting the Russian government’s invasion of Ukraine.
Who Is Valery Dzhekovich Kazikaev ?
Valery Dzhekovich Kazikaev was born on 13.11.1954 in Moscow, Russian Federation. Valery Kazikaev graduated from the Moscow Mining Institute in 1976. He holds a PhD in Economics.
Kazikaev is a close associate of Russian oligarch Alisher Usmanov, who has been sanctioned by the European Union and the United Kingdom. Kazikaev is also a member of the board of directors of Metalloinvest, a Russian metals and mining company that is majority-owned by Usmanov.
Vladimir Putin, President of the Russian Federation, has awarded a Presidential Certificate of Honour to Valery Kazikaev, a member of Metalloinvest’s Board of Directors. The award recognises his “professional achievements, longstanding dedication to work and active contribution to the community.”
Sanctions Against Valery Dzhekovich Kazikaev
In April 2023, the United States imposed sanctions on Kazikaev for his “role in operating or having operated in the metals and mining sector of the Russian Federation economy” . The sanctions prohibit Kazikaev from doing business with any US companies or individuals.
In May 2023, the United Kingdom and the European Union also imposed sanctions on Kazikaev . The sanctions prohibit Kazikaev from entering the UK or EU and freeze his assets in those jurisdictions.
Impact of Sanctions
The sanctions have had a significant impact on Kazikaev’s business interests. Metalloinvest’s share price has fallen by more than 50% since Kazikaev was sanctioned, and the company has been forced to cancel a number of planned investments.