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Alexander Pumpyanskiy is a son of Russian businessman Dmitry Pumpyanskiy, who until 2022 was the head of Russia’s largest pipe manufacturer TMK. He was present at Vladimir Putin’s first meeting with businessmen after the start of the full-scale invasion.
ADVERTISEMENTSwiss-Russian Alexander Pumpyanskiy has told Euronews that his continued inclusion on the EU sanctions list is aberrant and shows the Council is flying against a decision of the EU Courts.Alexander Pumpyanskiy is a son of Russian businessman Dmitry Pumpyanskiy, who until 2022 was the head of Russia’s largest pipe manufacturer TMK. He was present at Vladimir Putin’s first meeting with businessmen after the start of the full-scale invasion. Meanwhile Alexander, a long-term resident of Geneva, was the Chairman at TMK and Chairman & President at Sinara.Both companies were accused of supporting Russia’s war efforts. TMK is a key supplier of manufactured steel to Russian energy giant Gazprom, while Sinara is a prominent Russian investment bank, both allegedly linked to Russia’s aggression against Ukraine.The EU has imposed sanctions on nearly 1,700 people and more than 400 entities over Russia’s war in Ukraine.In April 2024, the EU’s General Court lifted sanctions against the two Russian billionaires Mikhail Fridman and Petr Aven, ruling that the EU had failed to demonstrate their role in undermining Ukraine. However, subsequent EU decisions kept them on the sanctions list under a different justification, classifying them as “leading businesspersons providing substantial revenue” to Russia.He was originally included in sanctions lists as associated with his father, Dmitry Pumpyanskiy, based upon positions he held in his companies, but is now listed under the EU’s 2023 amended sanctions criteria, which include “close family members who benefit from listed individuals.”The General Court annulled these decisions, noting procedural flaws and insufficient justification since Pumpyanskiy had resigned from his corporate positions, and the Council did not appeal the decision.”Unfortunately the Council didn’t execute the decision, and 18 months later I find myself still on the sanctions list,” Pumpyanskiy told Euronews, adding, “It’s a completely aberrant decision, which I don’t understand; effectively, the Council is not implementing the court’s decision when it doesn’t suit them.””The reason for listing me in 2022 was the association with my father,” he said, adding that “it been three years since I left the board of those companies and I won the case, so the only thing left on which to base the decision is the relationship to my father.”In the interview, Pumpyanskiy related his experience of sanctions.”The first thing is that your finances are affected. The banks block your accounts. That’s the first stage; after that, other problems follow: you’re cut from all the basic services that everyone needs, especially mobile phones, domestic internet, insurance, cars, etc., so, bit by bit, daily life became extremely complicated for me.”The Council did not respond to a request for comment.
