The shady Russian ‘military’ bank facing US and UK sanctions

The Russian ‘military’ bank sanctioned by the US and UK over Ukraine is run by the son of a spy chief after being forced into state control from the hands of two billionaire oligarch brothers who fell out with Putin, MailOnline can reveal.  

Washington and London have sought to shut down any international transactions by Moscow-based Promsvyazbank (PSB), which is run by chairman and CEO and Kremlin-ally Petr Fradkov. 

The White House and Downing Street say the bank is used to prop up Russia’s defence capability and its economy – with Washington and London banning them from trading with Americans or the British after the invasion of Ukraine.

Mr Fradkov, the son of Putin’s former top spy and prime minister Mikhail Fradkov, graduated from Kingston Business School in south-west London in…