Petr Mikhaylovich Fradkov (russian: Пётр Михайлович Фрадков; born 1978) is a Russian economist and banker serving as the chairman and CEO of
Promsvyazbank
Promsvyazbank (PSB; rus, ПАО "Промсвязьбанк") 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 Russi ...
and the general director of the .
On 28 February 2022, in relation to the
2022 Russian invasion of Ukraine
On 24 February 2022, in a major escalation of the Russo-Ukrainian War, which began in 2014. The invasion has resulted in tens of thousands of deaths on both sides. It has caused Europe's largest refugee crisis since World War II. An ...
, the
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been des ...
blacklisted him, imposing an EU-wide travel ban and freezing all his assets.
Early life and education
Fradkov was born in 1978 in
Moscow
Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...
. 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 In ...
.
Fradkov graduated from the
in 2000. In 2007, he earned a Master of Business Administration (MBA) from the
Kingston Business School
Kingston Business School is a business school located in London, United Kingdom and a part of Kingston University. It holds AACSB, AMBA, and EFMD EPAS accreditation
History
Kingston Business School origins date to the 1960s. It is now part of t ...
.
Fradkov completed a second MBA and a degree at the
.
Career
Fradkov joined the
VEB.RF
VEB.RF, or VEB (russian: ВЭБ.РФ (ex-Vnesheconombank)), is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more t ...
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 is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...
and subsidiary of VEB.
In 2018, Fradkov was appointed head of the
Promsvyazbank
Promsvyazbank (PSB; rus, ПАО "Промсвязьбанк") 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 Russi ...
(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 holds the office of president of Russia. Putin has served continuously as president or prime minister since 1999: as prime min ...
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 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
ga, Rialtas a Shoilse gd, Riaghaltas a Mhòrachd
, image = HM Government logo.svg
, image_size = 220px
, image2 = Royal Coat of Arms of the United Kingdom (HM Government).svg
, image_size2 = 180px
, caption = Royal Arms
, date_es ...
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.
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" (russian: Медаль ордена «За заслуги перед Отечеством») was established on 2 March 1994 by Presidential Decree No.442. Its award criteria were modified on 6 J ...
Level II.
References
External links
*
{{DEFAULTSORT:Fradkov, Petr
1978 births
Living people
Businesspeople from Moscow
Petr
Petr is a Czech given name for males and a Czech surname. Petr is the Czech form of ''Peter''. For information on Petr as a first name, see Peter (given name).
Given name
* Petr Aven (born 1955), Russian billionaire banker, economist and politic ...
Russian bankers
Russian oligarchs
Moscow State Institute of International Relations alumni
Alumni of Kingston University
Russian Presidential Academy of National Economy and Public Administration alumni
Higher School of Economics faculty
Recipients of the Medal of the Order "For Merit to the Fatherland" II class
Russian individuals subject to the U.S. Department of the Treasury sanctions
Russian individuals subject to the European Union sanctions
Specially Designated Nationals and Blocked Persons List
21st-century Russian economists
21st-century Russian businesspeople