, were also placed on the sanctions list as well as three companies linked to them. It means they are locked out of the US banking system and that any assets they have there will be frozen. Under the sanctions, companies or people in the US cannot deal with the Kinahans and their associates.
Neither Mr Yalen, an American who lives in the US, nor MTK Global mentioned Kinahan in the resignation statement on Tuesday. However, Mr Yalen said he had decided to step down after considering the pressure he had been under recently. “I am incredibly proud of the success of MTK Global and I feel privileged to have served as president and CEO since 2018,” Mr Yalen said in a statement issued by the company.
“However, the pressure of the last few weeks has been particularly intense. I need to consider the impact on myself and my family. So after four years leading MTK, I think it’s time for me to step aside to take on new challenges.” MTK Global said it was announcing Mr Yalen’s departure “with regret” and thanked him for “all of his efforts on behalf of the business and his leadership of our team”.
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