Gennady Timchenko



Gennady Nikolayevich Timchenko (born 1952) is a Russian businessman and billionaire. He founded and owns the private investment group, Volga Group, which specializes in investments in energy, transport and infrastructure assets. Previously he was a co-owner of Gunvor Group. In 2014, Timchenko was ranked 62nd on the Forbes magazine billionaires list, with an estimated fortune of $15.3 billion USD. He is known for being the Chairman of the Board of Directors of the Kontinental Hockey League, and President of the SKA (St. Petersburg) ice hockey club. He is a citizen of Russia, Finland and Armenia.

Gennady Timchenko also has stakes in various Russian businesses including gas company Novatek, petrochemichal producer Sibur Holding, railway operator Transoil and construction firm STG Group. Considered one of the most powerful people in Russia, he has close ties to President Vladimir Putin and, as a result, faced U. S. sanctions in 2014 in response to Russia's intervention in Crimea and eastern Ukraine. 
 

The richest heirs of Russia

Business●25.05.2018

Forbes presented the rating of the heirs of the richest businessmen of Russia for the third time. The first place was taken by Yusuf Alekperov, the second place was occupied by the children of Leonid Mikhelson, "bronze" - in the son and daughter of Andrei Melnichenko.

Chief analyst of Sberbank CIB Alexander Kudrin resigned because of Gazprom,

Business●23.05.2018

The management of the bank refused to protect its specialists. German Gref called their report on Gazprom's inefficiency "a gross violation of ethical standards." Earlier, the bank had already apologized to Rosneft for its unbelievable Rosneft report: We Needed Talk About Igor in October 2017.

Gazprom avenged an undesirable analyst

Business●23.05.2018

Sberbank CIB decided to dismiss analyst Alex Fack, who previously produced reports on Russian oil and gas companies. In the last report, he noted that Gazprom does not work in the interests of its shareholders, but in the interests of contractors - the companies of the Rothenberg clan and Gennady Timchenko.

"Gazprom" works for Rotenbergs and Gennady Timchenko

Business●21.05.2018

Sberbank CIB accused Gazprom of infringing the interests of shareholders. According to banking analysts, Gazprom's largest contractors turned out to be the main beneficiaries of the expensive construction of the Siberia, Northern Stream-2 and Turkish Stream export pipelines. Their cost was 93.4 billion dollars.

Historical "project: how Putin opened the Crimean bridge

Society●16.05.2018

President Vladimir Putin opened a regular automobile traffic along the Crimean bridge that connects the mainland with the peninsula. The main problem at first may be traffic jams, especially at the approaches to the bridge, experts warn.

How in just two years the Crimean bridge was built

Business●15.05.2018

Movement of cars on it will begin early in the morning on May, 16th.

Gazprom gave a contract for 74.6 billion rubles to the structure of Timchenko

Business●04.05.2018

The contract concerns a contract for the construction of two sections of the linear part of the overland supply to the Nord Stream-2 pipeline. In the documents, the data on the contractor-related to Gennady Timchenko of the company Stroytransneftegaz-are hidden.

Forbes published a rating of 200 richest businessmen in Russia

Business●19.04.2018

Forbes magazine published the 15th updated rating of Russia's 200 richest businessmen, whose overall condition is estimated at $ 485 billion.

Igor Sechin set his sights on Yamal LNG project

Officials●11.04.2018

The attack of the head of Rosneft on Novatek Leonid Mikhelson could have the goal of forcing the latter to make room in the Yamal LNG hydrocarbon project.

Vladimir Lisin returned to the first place in the Russian list of Forbes

Business●06.03.2018

The list of richest people in Russia, according to Forbes magazine, was replaced by the leader. He became the owner of a controlling stake in the Novolipetsk Metallurgical Combine (NLMK) Vladimir Lisin. His state of the publication was estimated at 19.1 billion dollars.

Secret fleet of Putin's friends

Society●27.09.2017

The Shellest yacht is moored to the Praskoveevka yard. 

Privatization would not sink

Officials●30.06.2017

Who prevents the state from selling Sovcomflot shares.

Time said about the visits of Kirill Shamalov and Lyudmila Putina to Biarritz

Business●15.06.2017

The deputy mayor assured the magazine that the property bought by the president's relatives was purchased exclusively for honestly earned money.

The richest people of Russia in the Forbes global ranking 2017

Business●21.03.2017

List of most wealthy Russians for the second consecutive year is headed by the co-owner of "Novatek" and "Sibur" Leonid Michelson.

Kings of the state order - 2017: Forbes rating

Business●02.03.2017

The multi-billion government contracts are obtained by mysterious contractors without tenders. 

From Kerimov to Potanin: 10 billionaires who received the most cash in 2016

Business●27.02.2017

Sale of assets and dividends earned them about $12.4 billion of revenues in 2016. 

Russian Aquaculture again goes to the stock exchange

Business●22.02.2017

The company is preparing SPO to $50 million.

Chinese game of Gennady Timchenko

Business●09.02.2017

The businessman told about his new hockey club, business interests in China and disclosed his family's share in Stroytransneftegaze.

Timchenko's family is the owner of 50% of the largest contractors of Gazprom

Business●08.02.2017

Businessman Gennady Timchenko told RBC that together with his family he owns "at least half" of one of the largest Gazprom contractors, Stroytransneftegaz. Previously it was known that 31.5% of the company belonged to Timchenko.

Beg, borrow or steal

Business●25.01.2017

How the First Czech-Russian Bank, which is associated with Gennady Timchenko, was robbed. 

Gazprom signed a new contract with Stroytransneftegazom owned by Gennady Timchenko

Business●24.01.2017

The company will build a LNG terminal in the Kaliningrad region for 21 billion rubles.

Gennady Timchenko gets even with Valery Izraylit

Crime●29.12.2016

The favourite criminal of Vladimir Yakunin now testifies against his patron in the dungeons of the FSB.

Sanctions for President

Business●23.12.2016

President of the National Media Group, Kirill Kovalchuk, came under US sanctions. However, it shouldn't affect his partnership with the American holding Discovery and Turner.

Igor Sechin gave Rosneft away to his friends and enemies of Russia

Business●08.12.2016

The head of Rosneft sold nearly 20% of the state company to Glencore, which is closely associated with the Kremlin-connected billionaire Gennady Timchenko, and to the Qatar Investment Authority, which collaborates with Igor Sechin's advisor, Roman Trotsenko.

The Northern Sea Route could lead to Igor Levitin

Officials●02.12.2016

In St. Petersburg, the head of the "Administration of the Northern Sea Route" Dmitry Smirnov was arrested. Putin's adviser Igor Levitin and Deputy Transport Minister Viktor Olersky may also be involved in the case. 

Vekselberg was involved in a conflict with Putin's oligarchs

Business●03.10.2016

Viktor Vekselberg's move with Rusal crossed the road of Timchenko and Rotenberg.

Gunvor told about the participation of Putin's "childhood friend" in its business

Business●29.09.2016

Oil trader Gunvor responded to the investigation of Dozd Channel about the Forbes list member Pyotr Kolbin. The company said that the business partner of Gennady Timchenko was its shareholder only for one year and completely withdrew nearly ten years ago.

Gazprom awarded the contract for the "Power of Siberia" worth 72 billion rubles without tender

Business●11.08.2016

Gazprom has chosen Stroytransgaz company, co-owned by billionaire Gennady Timchenko, as a contractor for the construction of 255 km of gas pipeline "Power of Siberia" without tender. The cost of the contract is 72.2 billion rubles.

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