SYDNEY, May 26, 2025 (GLOBE NEWSWIRE) -- Australia has officially removed Igor Makarov, a Cyprus-based businessman and philanthropist, from its autonomous sanctions list , making it the second Western government, after the United Kingdom, to reverse sanctions initially imposed in response to Russia’s 2022 invasion of Ukraine. Born in Ashgabat, Turkmenistan, Makarov began his professional life as a champion cyclist before founding ITERA, a Cyprus-based group of companies, which mainly operated as one of the first private natural gas companies in the former Soviet Union. The company was sold in 2013, after which Makarov launched ARETI, a Cyprus-based International Group of companies with interests in energy sector across Europe, North America, Central Asia, and the Middle East.
Author: ARETI International Group
Published at: 2025-05-26 21:05:00
Still want to read the full version? Full article
