Mihajlo PERENČEVIĆ (hereafter PERENČEVIĆ) is a Croatian businessman and President of the Russian pipeline construction company, Velesstroy. As President, PERENČEVIĆ is working as a director or equivalent for a company that is carrying on business in sectors of strategic significance to the Government of Russia. PERENČEVIĆ owns or controls directly or indirectly Velesstroy because it is reasonable, having regard to all the circumstances, to expect that PERENČEVIĆ would (if PERENČEVIĆ chose to) be able, in most cases or in significant respects, by whatever means and whether directly or indirectly, to achieve the result that affairs of Velesstroy are conducted in accordance with PERENČEVIĆ's wishes. Velesstroy is carrying on business in the Russian construction, energy and extractives sector through their construction of oil and gas pipelines and facilities. PERENČEVIĆ is therefore obtaining a benefit from or supporting the Government of Russia.
Mihajlo PERENČEVIĆ (hereafter PERENČEVIĆ) is an “involved person” under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) PERENČEVIĆ has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director or equivalent through his role as President of the Supervisory Board, of an entity, Velesstroy, which is or has been carrying on business in sectors of strategic significance to the Government of Russia, namely the construction, energy, and extractives sectors; (2) PERENČEVIĆ is associated with a person who is or has been involved in obtaining a benefit from or supporting the Government of Russia, namely Kresimir FILIPOVIĆ.
Additional Financial sanction (1)
Type
Date of restriction determination
#1 Type: Trust services
21.03.2023
Historical data
Names (2)
Status
Historical (last time active at 30.11.2023 17:15)
Last name/Name
PERENCEVIC
First name/Name
Mihajlo
Full name/Name
Mihajlo PERENCEVIC
Type
Primary name
Description
President of Velesstroy
Status
Historical (last time active at 04.07.2022 20:15)
Last name/Name
PERENČEVIĆ
First name/Name
Mihajlo
Full name/Name
Mihajlo PERENČEVIĆ
Type
Primary name
Description
President of Velesstroy
Citizenships (1)
Status
Historical (last time active at 30.11.2023 17:15)
Country
Croatia
Updated: 30.04.2025. 14:15
The Sanction catalog includes Latvian, United Nations, European Union, United Kingdom and Office of Foreign Assets Control and Canada subjects included in sanction list.
