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0 / 30 Fotos
Igor Sechin
- Igor Sechin is the CEO, president, and chairman of Rosneft, the Russian state oil company. Before he took on this powerful position, he served as Putin’s deputy prime minister, and is widely considered to be Putin’s unofficial deputy to this day.
© Getty Images
1 / 30 Fotos
Igor Sechin
- Sechin was always one of Putin’s most conservative ministers at the Kremlin, which earned him the nickname "Darth Vader." He has been heavily sanctioned in the wake of the Ukrainian invasion. He is subject to a travel ban and his assets in the US have been frozen.
© Getty Images
2 / 30 Fotos
Ivan Sechin
- Nepotism is rife within the Russian oligarchy, so, naturally, Sechin’s son also has a cushy job at the top. Ivan Sechin is a chairman at his father’s company, Rosneft.
© Getty Images
3 / 30 Fotos
Nikolay Tokarev
- Tokarev is the president of another of Russia’s most profitable companies. He runs Transneft, a Russian oil and gas pipeline company. Tokarev once served with Putin in the KGB and benefited greatly from Putin’s assumption of power in the early 2000s.
© Getty Images
4 / 30 Fotos
Nikolay Tokarev
- The EU has stated that Tokarev was ”one of the state oligarchs who assumed control over large state assets in the 2000s as Putin consolidated power, and who operates in close partnership with the Russian state.”
© Getty Images
5 / 30 Fotos
Alisher Usmanov
- Alisher Usmanov is a well-known Russian billionaire who was once the richest man in the country. He is a metal and technology tycoon who owns one of the country’s largest phone networks, MegaFon, along with many other businesses. He was also one of Facebook’s biggest investors at one point.
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6 / 30 Fotos
Alisher Usmanov
- Some of the media companies under his control have been accused of peddling anti-Ukrainian propaganda by the EU, contributing to the current situation in Ukraine.
© Getty Images
7 / 30 Fotos
Alexander Ponomarenko
- Alexander Ponomarenko is the chairman of Moscow’s international airport. He’s another oligarch who is considered to be very close to Putin’s inner circle, and has also been linked to the Russian leaders in Crimea, the Ukrainian peninsula that was annexed by Russia in 2014.
© Getty Images
8 / 30 Fotos
Alexander Ponomarenko
- Ponomarenko was one of many oligarchs close to Putin who helped fund the construction of an enormous palace that cost an estimated US$1 billion. It's believed to have been built for Putin’s private use, although it has mostly been kept a mystery.
© Getty Images
9 / 30 Fotos
Mikhail Fridman
- Mikhail Fridman is one of the founders of Alfa Group, the owner of Russia’s largest privately-owned bank, Alfa-Bank, as well as Russia’s biggest supermarket chain and phone network. Fridman, whose fortune is an estimated US$15.5 billion, was actually born in Ukraine.
© Getty Images
10 / 30 Fotos
Mikhail Fridman
- Fridman was hit with sanctions after the EU described him as “a top Russian financier and enabler of Putin’s inner circle.” The statement added that Fridman was actively and financially involved in the annexation of Crimea and the destabilization of Ukraine, both of which he directly benefited from.
© Getty Images
11 / 30 Fotos
Petr Aven
- Petr Aven is Mikhail Fridman’s business partner, serving as the chair of Alfa-Bank. He’s also a politician and served as Russia’s trade minister in the early 1990s.
© Getty Images
12 / 30 Fotos
Petr Aven
- Aven spends a great deal of time in the UK where he has further business interests, and served as a trustee of the prestigious Royal Academy of Arts. He stepped down from this position after a damning EU report accused him of being one of Putin’s closest confidants.
© Getty Images
13 / 30 Fotos
Sergei Roldugin
- Sergei Roldugin is an extremely wealthy Russian cellist and businessman. He is a close friend of Putin’s and has been nicknamed “Putin’s wallet.” He keeps his substantial assets in Rossiya Bank, which is associated with Putin and his regime.
© Getty Images
14 / 30 Fotos
Sergei Roldugin
- Leaked documents suggested the bank illegally created shadow companies to store offshore wealth for Russian oligarchs. Roldugin has been accused of moving US$2 billion through this shady network of banks and offshore companies.
© Getty Images
15 / 30 Fotos
Gennady Timchenko
- Gennady Timchenko is a longtime friend and confidant of Putin’s. He’s the owner of a private investment group called Volga Group and a shareholder in Bank Rossiya. Both of these businesses are under sanction, as well as Timchenko himself, who can’t travel or access his assets abroad.
© Getty Images
16 / 30 Fotos
Gennady Timchenko
- Timchenko had already been sanctioned by the UK and US as far back as 2014 for the role he and his businesses played in funding the Crimean invasion.
© Getty Images
17 / 30 Fotos
Alexei Mordashov
- Alexei Mordashov is the chairman of the steelmaking and mining companies Severstal and Severgroup. The EU says that these companies control TV stations that are supportive of Putin’s actions in Ukraine. Mordashov is also a shareholder in the infamous Rossiya Bank.
© Getty Images
18 / 30 Fotos
Alexei Mordashov
- The EU placed sanctions on Mordashov, but he denied any involvement in the Ukrainian conflict, stating: “I have never been close to politics and have always focused on building economic value at the companies I have worked for both in Russia and abroad.”
© Getty Images
19 / 30 Fotos
Petr Fradkov
- Petr Fradkov is the chairman of Russia’s state-owned bank PJSC Promsvyazbank. PJSC provides “financial support to the Russian defense sector and the Russian Military,” according to an EU report. This means that the bank is directly funding the war in Ukraine.
© Getty Images
20 / 30 Fotos
Petr Fradkov
- Fradkov is the sole executive body of the bank, giving him the final say on everything that happens. The EU alleges that PJSC is instructed by Putin, essentially giving him free reign over the bank’s resources. His main use for those resources has been to start a war.
© Getty Images
21 / 30 Fotos
Roman Abramovich
- Roman Abramovich is one of the best-known oligarchs internationally, thanks to his ownership of the English soccer club Chelsea. He has owned the prestigious club for nearly 20 years, but decided to put it up for sale amid scrutiny of his connections to the Russian state.
© Getty Images
22 / 30 Fotos
Roman Abramovich
- Abramovich’s links to Putin are not as direct as some of the other oligarchs in question and he wasn’t immediately sanctioned, but members of the UK government called for sanctions against the billionaire who is now desperately trying to offload his foreign assets like Chelsea and a US$100 million London home.
© Getty Images
23 / 30 Fotos
Roman Abramovich
- Abramovich has tried to walk a razor-thin tightrope in publicly supporting Ukraine without burning his bridges with Putin. He has offered to act as a middleman in peace negotiations between Russia and Ukraine, and plans to donate the profits of the Chelsea sale to the victims of the war.
© Getty Images
24 / 30 Fotos
Sergei Sergeevich Ivanov
- Sergei Sergeevich Ivanov is the CEO of a Russian state-owned diamond mining company called Alrosa. He’s also a board member of Gazprombank, Russia’s third-largest financial institution. Ivanov is closely connected to Putin through his father, Sergei Borisovich Ivanov.
© Getty Images
25 / 30 Fotos
Sergei Borisovich Ivanov
- Ivanov Sr. is one of Putin’s closest confidants. They served in the KGB together and Ivanov played many key roles in Putin’s government over the years: chief of staff of the presidential executive office, deputy prime minister, defense minister, and since 2016 has served as the "Special Representative of the President of the Russian Federation on the Issues of Environmental Activities, Ecology and Transport."
© Getty Images
26 / 30 Fotos
Sergei Sergeevich Ivanov
- His close connections to Putin and his son’s enviable placement at the top of a state-run company have put them both on US sanctions lists.
© Getty Images
27 / 30 Fotos
Andrey Patrushev
- Andrey Patrushev is the son of yet another one of Putin’s KGB buddies. His father, Nikolai Patrushev, became the leader of the Federal Security Service after the KGB was dissolved. He was already sanctioned in 2018 and was implicated in the fatal radiation poisoning of Alexander Litvinenko.
© Getty Images
28 / 30 Fotos
Andrey Patrushev
- Andrey Patrushev has enjoyed leadership positions at Gazprom Neft, Russia’s third-largest oil producer. He and his father have both been sanctioned by the US for their connections to the Russian government. Sources: (The Wall Street Journal) (Financial Times) (Business Insider) (EUR-Lex) (CNBC)
© Getty Images
29 / 30 Fotos
© Getty Images
0 / 30 Fotos
Igor Sechin
- Igor Sechin is the CEO, president, and chairman of Rosneft, the Russian state oil company. Before he took on this powerful position, he served as Putin’s deputy prime minister, and is widely considered to be Putin’s unofficial deputy to this day.
© Getty Images
1 / 30 Fotos
Igor Sechin
- Sechin was always one of Putin’s most conservative ministers at the Kremlin, which earned him the nickname "Darth Vader." He has been heavily sanctioned in the wake of the Ukrainian invasion. He is subject to a travel ban and his assets in the US have been frozen.
© Getty Images
2 / 30 Fotos
Ivan Sechin
- Nepotism is rife within the Russian oligarchy, so, naturally, Sechin’s son also has a cushy job at the top. Ivan Sechin is a chairman at his father’s company, Rosneft.
© Getty Images
3 / 30 Fotos
Nikolay Tokarev
- Tokarev is the president of another of Russia’s most profitable companies. He runs Transneft, a Russian oil and gas pipeline company. Tokarev once served with Putin in the KGB and benefited greatly from Putin’s assumption of power in the early 2000s.
© Getty Images
4 / 30 Fotos
Nikolay Tokarev
- The EU has stated that Tokarev was ”one of the state oligarchs who assumed control over large state assets in the 2000s as Putin consolidated power, and who operates in close partnership with the Russian state.”
© Getty Images
5 / 30 Fotos
Alisher Usmanov
- Alisher Usmanov is a well-known Russian billionaire who was once the richest man in the country. He is a metal and technology tycoon who owns one of the country’s largest phone networks, MegaFon, along with many other businesses. He was also one of Facebook’s biggest investors at one point.
© Getty Images
6 / 30 Fotos
Alisher Usmanov
- Some of the media companies under his control have been accused of peddling anti-Ukrainian propaganda by the EU, contributing to the current situation in Ukraine.
© Getty Images
7 / 30 Fotos
Alexander Ponomarenko
- Alexander Ponomarenko is the chairman of Moscow’s international airport. He’s another oligarch who is considered to be very close to Putin’s inner circle, and has also been linked to the Russian leaders in Crimea, the Ukrainian peninsula that was annexed by Russia in 2014.
© Getty Images
8 / 30 Fotos
Alexander Ponomarenko
- Ponomarenko was one of many oligarchs close to Putin who helped fund the construction of an enormous palace that cost an estimated US$1 billion. It's believed to have been built for Putin’s private use, although it has mostly been kept a mystery.
© Getty Images
9 / 30 Fotos
Mikhail Fridman
- Mikhail Fridman is one of the founders of Alfa Group, the owner of Russia’s largest privately-owned bank, Alfa-Bank, as well as Russia’s biggest supermarket chain and phone network. Fridman, whose fortune is an estimated US$15.5 billion, was actually born in Ukraine.
© Getty Images
10 / 30 Fotos
Mikhail Fridman
- Fridman was hit with sanctions after the EU described him as “a top Russian financier and enabler of Putin’s inner circle.” The statement added that Fridman was actively and financially involved in the annexation of Crimea and the destabilization of Ukraine, both of which he directly benefited from.
© Getty Images
11 / 30 Fotos
Petr Aven
- Petr Aven is Mikhail Fridman’s business partner, serving as the chair of Alfa-Bank. He’s also a politician and served as Russia’s trade minister in the early 1990s.
© Getty Images
12 / 30 Fotos
Petr Aven
- Aven spends a great deal of time in the UK where he has further business interests, and served as a trustee of the prestigious Royal Academy of Arts. He stepped down from this position after a damning EU report accused him of being one of Putin’s closest confidants.
© Getty Images
13 / 30 Fotos
Sergei Roldugin
- Sergei Roldugin is an extremely wealthy Russian cellist and businessman. He is a close friend of Putin’s and has been nicknamed “Putin’s wallet.” He keeps his substantial assets in Rossiya Bank, which is associated with Putin and his regime.
© Getty Images
14 / 30 Fotos
Sergei Roldugin
- Leaked documents suggested the bank illegally created shadow companies to store offshore wealth for Russian oligarchs. Roldugin has been accused of moving US$2 billion through this shady network of banks and offshore companies.
© Getty Images
15 / 30 Fotos
Gennady Timchenko
- Gennady Timchenko is a longtime friend and confidant of Putin’s. He’s the owner of a private investment group called Volga Group and a shareholder in Bank Rossiya. Both of these businesses are under sanction, as well as Timchenko himself, who can’t travel or access his assets abroad.
© Getty Images
16 / 30 Fotos
Gennady Timchenko
- Timchenko had already been sanctioned by the UK and US as far back as 2014 for the role he and his businesses played in funding the Crimean invasion.
© Getty Images
17 / 30 Fotos
Alexei Mordashov
- Alexei Mordashov is the chairman of the steelmaking and mining companies Severstal and Severgroup. The EU says that these companies control TV stations that are supportive of Putin’s actions in Ukraine. Mordashov is also a shareholder in the infamous Rossiya Bank.
© Getty Images
18 / 30 Fotos
Alexei Mordashov
- The EU placed sanctions on Mordashov, but he denied any involvement in the Ukrainian conflict, stating: “I have never been close to politics and have always focused on building economic value at the companies I have worked for both in Russia and abroad.”
© Getty Images
19 / 30 Fotos
Petr Fradkov
- Petr Fradkov is the chairman of Russia’s state-owned bank PJSC Promsvyazbank. PJSC provides “financial support to the Russian defense sector and the Russian Military,” according to an EU report. This means that the bank is directly funding the war in Ukraine.
© Getty Images
20 / 30 Fotos
Petr Fradkov
- Fradkov is the sole executive body of the bank, giving him the final say on everything that happens. The EU alleges that PJSC is instructed by Putin, essentially giving him free reign over the bank’s resources. His main use for those resources has been to start a war.
© Getty Images
21 / 30 Fotos
Roman Abramovich
- Roman Abramovich is one of the best-known oligarchs internationally, thanks to his ownership of the English soccer club Chelsea. He has owned the prestigious club for nearly 20 years, but decided to put it up for sale amid scrutiny of his connections to the Russian state.
© Getty Images
22 / 30 Fotos
Roman Abramovich
- Abramovich’s links to Putin are not as direct as some of the other oligarchs in question and he wasn’t immediately sanctioned, but members of the UK government called for sanctions against the billionaire who is now desperately trying to offload his foreign assets like Chelsea and a US$100 million London home.
© Getty Images
23 / 30 Fotos
Roman Abramovich
- Abramovich has tried to walk a razor-thin tightrope in publicly supporting Ukraine without burning his bridges with Putin. He has offered to act as a middleman in peace negotiations between Russia and Ukraine, and plans to donate the profits of the Chelsea sale to the victims of the war.
© Getty Images
24 / 30 Fotos
Sergei Sergeevich Ivanov
- Sergei Sergeevich Ivanov is the CEO of a Russian state-owned diamond mining company called Alrosa. He’s also a board member of Gazprombank, Russia’s third-largest financial institution. Ivanov is closely connected to Putin through his father, Sergei Borisovich Ivanov.
© Getty Images
25 / 30 Fotos
Sergei Borisovich Ivanov
- Ivanov Sr. is one of Putin’s closest confidants. They served in the KGB together and Ivanov played many key roles in Putin’s government over the years: chief of staff of the presidential executive office, deputy prime minister, defense minister, and since 2016 has served as the "Special Representative of the President of the Russian Federation on the Issues of Environmental Activities, Ecology and Transport."
© Getty Images
26 / 30 Fotos
Sergei Sergeevich Ivanov
- His close connections to Putin and his son’s enviable placement at the top of a state-run company have put them both on US sanctions lists.
© Getty Images
27 / 30 Fotos
Andrey Patrushev
- Andrey Patrushev is the son of yet another one of Putin’s KGB buddies. His father, Nikolai Patrushev, became the leader of the Federal Security Service after the KGB was dissolved. He was already sanctioned in 2018 and was implicated in the fatal radiation poisoning of Alexander Litvinenko.
© Getty Images
28 / 30 Fotos
Andrey Patrushev
- Andrey Patrushev has enjoyed leadership positions at Gazprom Neft, Russia’s third-largest oil producer. He and his father have both been sanctioned by the US for their connections to the Russian government. Sources: (The Wall Street Journal) (Financial Times) (Business Insider) (EUR-Lex) (CNBC)
© Getty Images
29 / 30 Fotos
Get to know Russia's top oligarchs
Who are they, and why are they so important?
© Getty Images
An oligarch is an incredibly wealthy person whose financial prosperity gives them the power to influence politics. In Russia, the term oligarch takes on a whole new meaning. Putin came into power quite soon after the fall of the Soviet Union, at a time when the former communist nation was starting to privatize its industries. The dissolution of the country’s previous political and financial structure left a question mark over who owned many of the state’s assets. Questionable deals were done, and those who were friendly with the new political powers, i.e.. Putin, found themselves in a very comfortable position.
This is how the phenomenon of the Russian oligarchy came to be. Thanks to this major political and financial shift in the 1990s, and Putin’s swift and long-lasting rise to political domination, many of these wealthy individuals find themselves in incredible positions of power.
Browse through the following gallery to get to know some of the most prominent Russian oligarchs in Putin’s back pocket. Click on!
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