On Thursday, following Russia’s invasion of Ukraine, the Biden administration imposed sweeping sanctions on Russian banks, energy and infrastructure companies, and a number of individual Russian elites.
The US Department of the Treasury provided the full list in a press release, which divided sanctioned entities into two categories: “major Russian financial institutions” and “elites and families close to Putin.”
Among the sanctioned individuals is Vladimir Kiriyenko, CEO of VK Group, the parent company of Russia’s biggest social network VKontakte. While he isn’t being sanctioned specifically for his work with the VK group, the result still forbids one of the country’s most powerful tech executives from doing business with any US entity.
Though it does not operate on the global scale of Facebook, VK — originally known as VKontakte — is the dominant social media platform in Russia. It claims to have around 70 million monthly active users, making it roughly a quarter of the size of Twitter; and the vast majority of these accounts post in Russian from within Russian geographic borders.
Kiriyenko wasn’t a Vkontakte founder: in fact, his association with the company only dates back to 2021. But his leadership of the company represents the final twist in a saga that has seen the social network steered away from a platform committed to privacy and free expression, into one much more likely to tow Putin’s party line.
Vkontakte was created in 2006 by Pavel Durov, who was just 22 years old at the time. Its rapid success — driven by hunger for a homegrown alternative to Facebook — earned Durov the nickname of “Russia’s Mark Zuckerberg.” But in 2014, Durov was pushed out of his position as CEO in a conspiracy-filled case that included disputed allegations of a hit-and-run incident involving a police officer, followed by an attempted hostile takeover in which an investment fund belonging to Ilya Sherbovich, a Russian businessman and Putin ally, secretly acquired 48 percent of the company.
Durov placed the blame for his ouster squarely with the Russian government. “I’m afraid there is no going back [to VK],” he told TechCrunch at the time, “not after I publicly refused to cooperate with the authorities. They can’t stand me.”
Source: Todays.ng
