Nex Systems
Organization

OOO Volga Group

Sanctioned entity

Luxembourg. Named in 9 sanctions listings.

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Summary

The Director Disqualification Sanction was imposed on 09/04/2025.

(also VOLGA GROUP)

An investment strategy group that is owned or controlled by Gennady Timchenko. Website: http://volga-resources.ru/ Website: http://volga-group.com/en/ Company Identification No.: B127651

(also VOLGA RESOURCES, VOLGA RESOURCES GROUP, VOLGA GROUP INVESTMENTS)

Sanctions and listings9

  • Russia Sanctions Regime - Autonomous (Russia)

    Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia

    Targeted financial sanction

    Listed on 16 June 2017, re-listed 10 Jun 2020 and 29 March 2021 and 10 June 2023

    Programme AU-RUSSIALast updated 10 Jun 2023dfat.gov.audfat.gov.au

  • Listed
    2 May 2014

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    2 May 2014

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    2 May 2014

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Listed
    28 Apr 2014

    Ukraine-/Russia-Related Sanctions - UKRAINE-EO13661

    Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States

    Block, RUSSIA-EO14024 and UKRAINE-EO13661

    Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209

    Secondary sanctions risk: See Section 11 of Executive Order 14024.

    Executive Order 14024 (Russia)

    Executive Order 13661 (Ukraine)

    Programme US-UKRRUS-RELReference 16806treasury.govofac.treasury.gov

  • Listed
    2 May 2014

    Reciprocal

    OFACUS SAM Procurement ExclusionsUnited StatesActive

    Prohibition/Restriction

    Redacted for Security Reasons

    sam.gov

  • Effective
    1 May 2014

    BIS Entity List (EL) - Entity List (EL) - Bureau of Industry and Security

    Entity List (EL) - Bureau of Industry and Security; Department of the Commerce - International Trade AdministrationUS Trade Consolidated Screening List (CSL)United States

    Presumption of denial.

    For all items subject to the EAR. (See §744.11 of the EAR).

    Programme US-BIS-ELReference 79 FR 24558bis.govtrade.govbis.doc.gov

  • Listed
    4 May 2014

    Special Economic Measures Act - Russia

    Global Affairs CanadaCanadian Consolidated Autonomous Sanctions ListCanada

    1, Part 2

    Programme CA-SEMAReference 19international.gc.cainternational.gc.ca

  • Effective
    4 May 2022

    UK sanctions relating to Russia - The Russia (Sanctions) (EU Exit) Regulations 2019

    UK; Foreign, Commonwealth & Development OfficeUK FCDO Sanctions ListUnited Kingdom

    Asset freeze, trust services sanctions and director disqualification sanction

    OOO VOLGA GROUP, an investment company, is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 because it is owned or controlled directly or indirectly (within the meaning of regulation 7 of the Russia (Sanctions) (EU Exit) Regulations 2019) by a designated person who is or has been involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, namely Gennadiy Nikolayevich TIMCHENKO. The trust services sanctions were imposed on 21/03/2023.

    OOO VOLGA GROUP, an investment company, is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 because it is owned or controlled directly or indirectly (within the meaning of regulation 7 of the Russia (Sanctions) (EU Exit) Regulations 2019) by a designated person who is or has been involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, namely Gennadiy Nikolayevich TIMCHENKO. The trust services sanctions were imposed on 21/03/2023.

    Programme GB-RUSReference RUS1420Reference 15367Last updated 9 Apr 2025gov.ukgov.uk

Connections1

Members and officers1

  • Gennady TimchenkoSanctionedDebarredExport controlledOligarchPerson of interest
    Leader or official of
    Born 9 Nov 1952RussiaSwitzerlandArmenia

Identifiers8

IdentifierNumberIssued by
ID number1147746803049
ID number7718989383
INN code7718989383
OGRN code1147746803049
Registration number1147746803049
Tax number7718989383
Tax ID no7718989383Russia
Registration number1147746803049Russia

Other names13

Also known as13

Volga Group InvestmentsВОЛГА ГРУП ХОЛДИНГ OOOVolga Resources GroupVolga Group Holding Limited Liability CompanyVolga ResourcesВОЛГА ГРУПVolga GroupVOLGA GROUP HOLDING LIMITED LIABILITY COMPANYVOLGA RESOURCES GROUPThe Volga GroupVOLGA RESOURCESООО Волга ГрупVOLGA GROUP INVESTMENTS

Addresses10

  • Begovaya St., Dom 3, Str. 1, Moscow, Russia, 12528

  • Begovaya St., Dom 3, Str. 1 Moscow 12528 Russia

  • Timura Frunze, House 11, Building 1, floor 2, unit IV, room 2, Moscow

  • Begovaya St., Dom 3, Str. 1, Moscow, 12528

  • Timura Frunze, House 11, Building 1, floor 2, unit IV, room 2, Russia, Russia

  • 3, rue de la Reine, L-2418

  • 3, rue de la Reine L-2418, Luxembourg

  • 3, rue de la Reine L-2418

  • 58, Rue Charles Martel, L-2134, Luxembourg

  • Timura Frunze, House 11, Building 1, floor 2, unit IV, room 2 Moscow Russia

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