Arkady Rotenberg of TPC Real Estates Holdings. It was reported that Arkady Rotenberg made this move after being placed on the U.S. sanctions list. As a result of the annexation of Crimea by the Russian Federation, Barack Obama, then President of the United States, signed an executive order instructing his government to impose sanctions on the Rotenberg brothers and other close friends of the President Putin, including Sergei Ivanov and Gennadi Timchenko. These persons were placed on the Specially Designated Nationals List. As a result of the sanctions, Visa and MasterCard stopped servicing SMP Bank. In September 2014, Italy seized €30 million
Rotenberg Law Rotenberg Law The Rotenberg Law () - the draft of Federal law of Russian Federation #607554-6 On amendments to the Federal law "On compensation for violation of the right to trial within a reasonable time or the right to execution of a judicial act within a reasonable time" (clarification of certain provisions of the Federal law in regard to obtaining compensation for the violation of the right to execution of a judicial act within a reasonable time). The law is informally named after a Russian businessman Arkady Rotenberg, after Italy had frozen nearly $40 million in assets held. The bill