Ex-head of USM quits board of directors

Ivan Streshinsky, the former CEO of Alisher Usmonov's USM holding for 10 years, left the board of directors of USM and its member companies - Metalloinvest, MegaFon and Udokan Copper.

"On April 12, Ivan Streshinsky, who is on the U.S. sanctions list, left the board of directors," Forbes reported.

The businessman, whose fortune was estimated by Forbes at $1 billion, headed USM from 2012 to 2022. his duties are currently performed by Akylbek Yerkozha.

On April 12, 2023, the USA sanctions were imposed on Streshinsky. Both the USM holding itself and the companies within it were subject to restrictions.