- Programme
- Situation in Ukraine
- Designated
- Not published by this authority
- Legal basis
- Ordinance of 4 March 2022 on measures related to the situation in Ukraine (RS 946.231.176.72), Art. 15 para. 1 and 4 (Financial sanctions) and art. 29 para. 1 (Travel ban), annexe 8
- Stated grounds
- Petr Fradkov is the chairman of the PJSC Promsvyazbank and the sole executive body of the bank. Promsvyazbank is a Russian State-owned bank, which provides financial support to the Russian defence sector and the Russian Military, which is responsible for the massive deployment of Russian troops along the border with Ukraine and for the presence of Russian troops in the Crimean peninsula. Promsvyazbank is directly instructed by the President of the Russian Federation, Vladimir Putin, and therefore provides financial and material support to Russian decision-makers responsible for the destabilization of Ukraine and the illegal annexation of Crimea. Promsvyazbank operates in the Crimean Peninsula. Promsvyazbank has opened a total of 150 branches in Donetsk (DPR) and Luhansk People’s Republics (LPR), as well as Kherson and Zaporizhzhia regions. He is therefore, as chairman of Promsvyazbank, responsible for supporting actions and policies which undermine the territorial integrity, sovereignty and independence of Ukraine.
- Source
- Switzerland SECO Sanctions List
- Last confirmed
- 19 Oct 2026