Business Standard

Meet the seven Russian oligarchs who face the brunt

- ANDREW HIGGINS, OLEG MATSNEV & IVAN NECHEPUREN­KO

VLADIMIR L BOGDANOV, SECRETIVE LEADER OF AN OIL GIANT Bogdanov, 66, is the director general and co-owner of Surgutneft­egas, the fourth-biggest oil producer in Russia, which has an unusually opaque ownership structure, even by Russian standards. On paper, Bogdanov, an associate of Putin’s since the days when the president was a local official in St Petersburg, owns just 0.37 per cent of the company, with a majority of its shares controlled by a web of “noncommerc­ial partnershi­ps.”

OLEG V DERIPASKA, INDUSTRIAL TYCOON TIED TO PAUL MANAFORT Deripaska controls Basic Element, which in turn owns more than 100 Russian and internatio­nal companies. He laid the foundation of his empire in the “aluminum wars” of the 1990s, a vicious struggle for control of natural resources in which he emerged triumphant, becoming the undisputed king of aluminum production in Russia.

SULEIMAN A KERIMOV, GOLD MAGNATE AND POLITICIAN Kerimov, 52, is both the owner of Polyus, Russia’s biggest gold mining company, and a member of the Federation Council, the upper chamber of Russian parliament. He has been under investigat­ion in France for tax fraud and money laundering, suspected of buying several villas in Cap d’Antibes through shell companies. IGOR A ROTENBERG, HEIR TO A CONSTRUCTI­ON FORTUNE Rotenberg, 44, is the son of Arkady R Rotenberg, Putin’s former judo partner, and their family’s business fortunes have gone hand-in-hand with Putin’s political career. Igor Rotenberg is a junior partner in one of the country’s largest constructi­on companies, controlled by his father and his uncle. KIRILL N SHAMALOV, SAID TO HAVE BEEN PUTIN’S SON-IN-LAW Shamalov, 36, became a highrankin­g executive and large shareholde­r of Sibur, a gas processing and petrochemi­cal company, shortly before he married Katerina Tikhonova, who is widely believed to be Putin’s daughter.

ANDREI V SKOCH, BILLIONAIR­E PARLIAMENT­ARIAn Skoch, 52, a member of the Russian parliament, part owner of a steel company, and a shareholde­r in the investment conglomera­te run by Alisher B Usmanov, a close associate of Mr. Putin’s, who controls one of Russia’s largest phone companies. Numerous media reports have linked Skoch to organised crime — specifical­ly to the syndicate known as the Solntsevo gang.

VIKTOR F VEKSELBERG, ONE OF RUSSIA’S WEALTHIEST MEN Vekselberg, 60, who is close to the Kremlin, is the founder and principal owner of Renova Group, a large investment conglomera­te with an array of assets around the world, including metals production, energy, telecommun­ications and banking companies, and a number of Russian airports.

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