Page:2020-07-29 PSI Staff Report - The Art Industry and U.S. Policies that Undermine Sanctions.pdf/35

 Land Relations" in Russia. In 2003, Igor Rotenberg was named head of property management and transportation at the Russian Ministry of State Property. In 2004, Igor Rotenberg was named vice-president of JSC Russian Railways, Russia's state-owned railroad company.

Since 2006, Igor Rotenberg has served as Chairman of the Board of Directors for NPV Engineering. NPV Engineering provides management and consulting services in Russia. In 2010, Igor Rotenberg was named Chairman of Mosenergo, "the largest regional power generating company in the Russian Federation." He was also named chairman of Gazprom Burenie, the key construction company beneficially owned by his father.

After his placement on the U.S. sanctions list in 2014, Arkady Rotenberg reportedly transferred certain assets to his son Igor. According to reports, Igor Rotenberg now owns "79 percent of drilling company Gazprom Burenie; 28 percent of road construction company Mostotrest; and 33 percent of TPS Real Estate Holding."

Forbes estimates that Igor Rotenberg's net worth is $1.1 billion.

As explained below, despite the imposition of U.S. sanctions on Arkady and Boris Rotenberg in March 2014, Roman Rotenberg in July 2015, and Igor Rotenberg in April 2018, evidence suggests that the Rotenbergs continued to do business with some U.S. parties.