Weeks before Russia’s invasion of Ukraine in early 2022, U.S. lawmakers introduced legislation targeting dozens of prominent Russian officials and others for potential sanctions. The Biden administration moved to issue penalties against a number of them.
But two wealthy Russian businessmen who were on the original target list escaped the financial penalties. And the pair shared something in common: Their investment group employed a well-connected D.C. lobbying shop, BGR, which held backchannel conversations with congressional staff about the sanctions green lit through legislation dubbed the Putin Accountability Act.
Among the oligarchs’ advocates was Daniel Hoffman, a Fox News contributor and former CIA Moscow chief. Hoffman had been publicly critical of Vladimir Putin. But in this instance, Hoffman, a member of BGR’s advisory board, went to bat for a Russian businessman whom the E.U. designated “one of Vladimir Putin’s closest oligarchs.”
That Russian businessman, Petr Aven, was recently sanctioned by the U.S. in August along with his associate Mikhail Fridman. But the story of their efforts to stave off punishment, which took about 18 months to be levied, is one of classic Washington influence peddling.
The campaign kicked into gear in early 2022, shortly after the sanctions list was unveiled. Walker Roberts, a BGR lobbyist, reached out to Capitol Hill to ask about the sanctions target list, according to a Hill staffer granted anonymity to discuss private conversations.
A second Hill staffer who worked in an office that supported the bill recalled being approached by BGR to discuss the names in the Putin Accountability Act.
BGR had long represented Alfa Bank, Russia’s largest private bank, and LetterOne, a Luxembourg-based investment firm. Aven had served as the president of Alfa Bank years ago and he co-founded LetterOne.
In an interview, Jeff Birnbaum, a spokesperson for BGR, said the firm terminated its work for Alfa Bank in 2020. He said BGR had been tasked with monitoring and reporting on sanctions bills like the Putin Accountability Act for LetterOne.
“When Walker talked to them, he was simply trying to find out” how the staffers were deciding the criteria for potential sanctions targets, Birnbaum said. “He was not advocating … his job was simply to find out how it was being done and to report to LetterOne.”
He said Roberts did not recall mentioning Aven and said LetterOne has separated itself from Aven. Given the facts, Roberts would never claim that Aven did not have a relationship with Putin, Birnbaum added.
Russian President Vladimir Putin (L) applauds Aven after awarding him with Order of Merit to the Fatherland during an awarding ceremony in Moscow’s Kremlin.


