Керімов Ахмед

Ahmed Kerimov is a shareholder of the 2Rivers Group, a UAE-based oil-trading group previously known as Coral Energy, which enables shipments and export of Russian oil, notably from Rosneft, by concealing the actual origin of the oil. In particular, the 2 Rivers Group controls a large proportion of the vessels in Russia’s so-called “shadow fleet”. The 2Rivers Group continues to operate the same network as Coral Energy, which includes associated entities such as Nord Axis and Bellatrix Energy, regardless of its change in name and ownership, as demonstrated by the connection between the previous owner and the new management. Furthermore, the energy sector, in particular the oil sector, is a sector providing substantial revenue to the Russian Government. Therefore, Ahmed Kerimov is significantly frustrating the provisions of Regulation (EU) No 833/2014, in particular Article 3m. He is also involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.

Function: shareholder of the 2Rivers Group