Petr Mikhaylovich Fradkov (; born 1978) is a Russian economist and banker serving as the chairman and CEO of

Promsvyazbank Promsvyazbank PJSC (PSB; ) is a state-owned, formerly private Russian bank from Moscow. It was owned by oligarchs Dmitry Ananyev and his brother Alexei Ananyev. As of 2012, it was the 10th-largest bank in Russia by assets. The bank was establish ...

and the general director of the .

Early life and education

Fradkov was born in 1978 in

Moscow Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents with ...

. He is the son of

Mikhail Fradkov Mikhail Yefimovich Fradkov ( rus, Михаи́л Ефи́мович Фрадко́в, p=mʲɪxɐˈil jɪˈfʲiməvʲɪtɕ frɐtˈkof; born 1 September 1950) is a Russian politician who served as Prime Minister of Russia from 2004 to 2007. An Ind ...

. Fradkov graduated from the

Moscow State Institute of International Relations Moscow State Institute of International Relations (MGIMO) (, also known as MGIMO University) is an higher education, institute of higher education located in Moscow, Russia. The institute is run by the Ministry of Foreign Affairs (Russia), Russian ...

in 2000. In 2007, he earned a Master of Business Administration (MBA) from the Kingston Business School. Fradkov completed a second MBA and a degree at the

Russian Presidential Academy of National Economy and Public Administration The Russian Presidential Academy of National Economy and Public Administration (RANEPA) is a federal state-funded institution of higher education located in Moscow, Russia. With the merger of Academy of National Economy (ANE), Russian Academy ...

Career

Fradkov joined the VEB.RF in 2000 working as a deputy representative in the United States. In 2004, he was the deputy director general of the Far Eastern Shipping Company. Fradkov returned to VEB in 2007. In 2011, Fradkov became the head of EXIAR. In April 2015, Fradkov became the general director of the , a

joint-stock company A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareho ...

and subsidiary of VEB. In 2018, Fradkov was appointed head of the

(PSB) with Dmitri Pozhidaev serving as his deputy. Since 2018, Fradkov has worked to transform PSB into a bank that services the defense industry and supports state defense contracts. In his role as chairman and CEO of PSB, Fradkov has held working meetings with

Vladimir Putin Vladimir Vladimirovich Putin (born 7 October 1952) is a Russian politician and former intelligence officer who has served as President of Russia since 2012, having previously served from 2000 to 2008. Putin also served as Prime Minister of Ru ...

and participated in roundtable discussions in international forums in which he forecasts the PSB's long-term strategic plans for supporting the Russian defense industry. In November 2020, Fradkov became lead of the Chuvash Regional Branch of SoyuzMash. On February 22, 2022, U.S. president

Joe Biden Joseph Robinette Biden Jr. (born November 20, 1942) is an American politician who was the 46th president of the United States from 2021 to 2025. A member of the Democratic Party (United States), Democratic Party, he served as the 47th vice p ...

signed sanctioning Fradkov for operating or having operated in the defense and related materiel and financial services sectors of the Russian Federation economy. He was sanctioned by the

British government His Majesty's Government, abbreviated to HM Government or otherwise UK Government, is the central government, central executive authority of the United Kingdom of Great Britain and Northern Ireland.

on 24 February 2022 for his role as CEO of Promsvyazbank.

Personal life

Fradkov is married to Victoria Igorevna Fradkova. She is a lecturer in the department of international relations and the foreign policy of Russia at the

. They have a daughter.

Sanctions

The U.S. Treasury imposed personal economic sanctions on Petr Fradkov in response to actions in the Donetsk and Luhansk regions by the

, where he is Chairman and CEO. On 28 February 2022, in relation to the

2022 Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

, the

European Union The European Union (EU) is a supranational union, supranational political union, political and economic union of Member state of the European Union, member states that are Geography of the European Union, located primarily in Europe. The u ...

blacklisted him, imposing an EU-wide travel ban and freezing all his assets. He was sanctioned by

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

under the Special Economic Measures Act (S.C. 1992, c. 17) in relation to the

Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

for Grave Breach of International Peace and Security. and by the UK government in 2022 in relation to the

Russo-Ukrainian War The Russo-Ukrainian War began in February 2014 and is ongoing. Following Ukraine's Revolution of Dignity, Russia Russian occupation of Crimea, occupied and Annexation of Crimea by the Russian Federation, annexed Crimea from Ukraine. It then ...

Awards and honors

Fradkov received a

Medal of the Order "For Merit to the Fatherland" The Medal of the Order "For Merit to the Fatherland" () is a Russian medal. It was established on 2 March 1994 by Presidential Decree No.442. Its award criteria were modified on 6 January 1999 by Presidential Decree 19 and again on 7 September 201 ...

Level II.

References

External links

* {{DEFAULTSORT:Fradkov, Petr 1978 births Living people Businesspeople from Moscow

Petr Petr is a Czech form of the masculine given name Peter and a surname. For information on Petr as a first name, see Peter (given name). Given name * Petr Aven (born 1955), Russian billionaire banker, economist and politician * Petr Čech (born 198 ...

Russian bankers Russian oligarchs Jewish Russian politicians Moscow State Institute of International Relations alumni Alumni of Kingston University Russian Presidential Academy of National Economy and Public Administration alumni Academic staff of the Higher School of Economics Recipients of the Medal of the Order "For Merit to the Fatherland", 2nd class Russian individuals subject to U.S. Department of the Treasury sanctions Russian individuals subject to European Union sanctions Russian individuals subject to United Kingdom sanctions Specially Designated Nationals and Blocked Persons List 21st-century Russian economists 21st-century Russian businesspeople