Hitting the inner circle: how Putin's friends suffered from sanctions

On March 20, 2014 the US government first imposed personal sanctions against Russian businessmen and top managers of state-owned companies from the Russian President Vladimir Putin's entourage.
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During 2014 their example was followed by EU authorities in Australia, Canada, Switzerland. At the same time restrictions were imposed on specific company and industry sector.

"Yes, these are my good friends, friends. They earned their money even before we knew ... I'm not ashamed of my friends "- so Putin commented on the first sanctions in April 2014. A month later, at the St. Petersburg Economic Forum, even joked: "[Sanctions] are not related to the events in Ukraine, in the Crimea. And choose something as special, two Jews and a crest, you know? As bullied. "

As Putin's friends are experiencing limitations and as their condition Change to sanctions and now - in the gallery RBC.

Gennady Timchenko, the owner "Volga Group"

Who imposed sanctions: US, Canada and Australia

On the eve of US sanctions Timchenko sold a stake in one of its key assets - oil trader Gunvor (43,6%) - the partner Torbjorn Tornqvist. In April 2014 has got rid of one trader - International Petroleum Products (IPP), and in summer - from "Air Group", which owns the business terminalsaircraft at Sheremetyevo and Pulkovo.

In November, 2015 the US Treasury announced a possible mock transactions, introducing additional sanctions against the Swede Sven Olson, "Air Terminal Group" (included in "Avia Group»), Fentex and five other companies in which Timchenko supposedly could circumvent sanctions. Olson - a board member of "Group of Volga". Timchenko, at least until March 2014 was a member of the board of directors Gunvor and IPP. Fentex - offshore from the British Virgin Islands, through which Timchenko owned stake in Gunvor.

Since the introduction of sanctions Timchenko has kept the share of only three major assets - Novatek (23.49%), "Sibur" (14.2%) and the group of "Stroytransgaz" (63%).

In August 2014, he told me that temporarily refused to travel to Europe for fear of "provocations by the US secret services." The businessman was also forced to abandon the cards issued payment systems Visa and MasterCard. As told in the course of a straight line in the spring of 2014, President Vladimir Putin, Gennady Timchenko's wife Elena was not able to pay off the card abroad for surgery. Elena herself Timchenko said in an interview to "Ogonyok"That sanctions impede jointly with her husband world travel, so they were more likely to go to Russia.

Status (hereinafter refer assessment by Forbes magazine) in 2014: $ 15.3 billion

Status in 2016: $ 11.4 billion

Arkady Rotenberg, the owner of "Stroygazmontazh"

Who imposed sanctions: US, EU, Australia, Switzerland, Canada

During 2014, after the introduction of US sanctions and the EU Arkady Rotenberg changed the structure of their businesses. He sold his son Igor contractor "Gazprom drilling", 68.5% of the company Marc O'Polo Investments Ltd, which owned 38.6% of the company "Mostotrest" (later it bought the NPF "Welfare"), and a stake in the development company "TPS Property ". In an interview to "Interfax", he claimed that the transaction started to prepare for the two years prior to the sanctions.

At the same time Arkady Rotenberg has consolidated 100% of the largest contractors of "Gazprom" company "Stroygazmontazh", bought 17% of his brother Boris. Also Arcadia were 34.7%, "the SCC air" (owns assets in Sheremetyevo airport), 49.7% of SMP Bank (part - through the "Strawygazmontazh "), more than 20% of the publishing house" Education "and 80% ROSSOShANSKAJa" Fertilizers ".

The largest of its remaining assets Rothenberg Sr., "Stroygazmontazh" (CMB), also hit the US sanctions list, but the company's business is almost not affected. After the sanctions imposed on it, the company received contracts from the state of almost 0.5 trillion rubles .: early 2015 it was appointed without competition contractor Kerch bridge worth 228.3 billion rubles., And in December, "Gazprom", without conducting tenders, SGM gave contracts to the "Power of Siberia" by 200 billion rubles.

Arkady Rotenberg in an interview with "Kommersant" in January 2015, the first to say that it is now the main task - to build a bridge Kerch. "At 63, I no longer think about what to leave behind that will be the result of life. I live in Russia and never going to leave, "- he noted.

Status Arkady Rotenberg in 2014: $ 4 billion

Status in 2016: $ 1 billion

Boris Rotenberg, co-owner of SMP Bank

Who imposed sanctions: the United States, Australia, Canada

Unlike his brother Arkady Boris Roenberg, a Finnish citizen, under the sanctions of the European Union did not hit. But, like his brother, he sold the Finnish assets to his son Roman: 50% Arena Events Oy, which belongs to the Hartwall Arena, Langvik hotel and 49% of the hockey club Jokerit. Now Boris Rotenberg remaining 38.6% of SMP Bank, 24.5% of "Gazprom drilling" and, according to Forbes, 24.5% "TEK Mosenergo".

In July 2015 Boris Rotenberg resigned as president of "Dinamo" football club. Under his command to buy expensive players, win the top place in the Russian championship and participated in the European Cup. However, in June 2015 UEFA suspended the "Dynamo" from international competition for a violation of financial sportsmanship (high costs with little own income).

Status in 2014: $ 1.7 billion

Status in 2016: $ 1 billion

Yuri Kovalchuk, chairman of the board of directors of the bank "Russia", co-owner of the bank

Who imposed sanctions: US, EU, Australia, Canada and Switzerland

Kovalchuk and the bank itself "Russian" came under American sanctions in March 2014. As explained by the US Treasury, Kovalchuk hit with sanctions list as a cheloveto from the "inner circle" of the president, and "Russia" bank agency called "personal bank" senior Russian officials, including Putin himself. A few days later, Putin said that will open a bank account, which will be subject to his salary.

Then, in the spring of 2014, the sanctions had almost fallen insurer SOGAZ, which is more than 50% owned by the investment company "Abros", controlled by the bank "Russia". However, it turned out that "Abros" sold 2.5% "SOGAZ-Realty" SOGAZ shares its subsidiary and reduced its stake to 48.5%. Then, this operation allowed SOGAZ for the first time successfully avoid US sanctions. Second time to go out of sanctions had in August 2014 as follows: while the US Treasury said that US sanctions under the covers all companies, if the representatives of the sanctions list in the amount of own not less than 50%. SOGAZ at that time a 12.5% ​​owned "Kordeksu" Gennady Timchenko (also under sanctions). Then it became known that the share of "Abrosov" decreased to 32.3% and SOGAZ again not subject to restrictions.

The main media assets Yuri KovalChuka sanctions considered to National Media Group (NMG). Holding not currently disclose its shareholder structure, but on the site of LMWH given that it was created in 2008 through the merger of the "Russia" the bank's assets, SOGAZ, "Surgutneftegaz" and the chairman of the board of directors of "Severstal" Alexey Mordashov. As in 2012 the share of consolidated bank "Russia" in the capital of NMG was 35.5% (21.2% of them were in SOGAZ, which control package owned IR "Abros" wholly-owned "daughter", "Russia"). After the imposition of sanctions left bank of the capital "Abrosov". "Vedomosti", citing a source close to the NMG, wrote that now the bank "Russia" controls about 17% of LMWH.

Due to the sanctions hurt another media asset Kovalchuk - "CTC Media". Kovalchuk owned 25.3% of the company through the Cyprus Telcrest (controlling shareholders were "Russian" Bank, JSC "ADB" Management "and LLC" Investment Company "Abros"). Due to the sanctions Telcrest representatives on the board of directors of the parent CTC Media Inc. They were actually deprived of their rightsvoice, and dividends to be displayed on a special blocked account (by autumn 2015 the amount exceeded $ 30 million). In the fall of 2015 Kovalchuk structure sold 27.9% stake Telcrest entities affiliated with Alexey Mordashov, and Kovalchuk has ceased to be the controlling shareholder of the company.

Status in 2014: $ 1.4 billion

Status in 2016: unknown

Nikolai Shamalov, co-owner of the bank "Russia"

Who imposed sanctions: The EU, Australia, Canada and Switzerland

The general public the name of Nicholas Shamalova only became known in late July 2014, when the businessman was in the sanctions list of the EU. He has known Putin since the early 1990s. In 1992-2008 he headed the division of Siemens Medical in St. Petersburg. The company was engaged in, inter alia, equipment for dental clinics with new equipment, and the City Hall this work supervised chairman of the Foreign Relations Committee, Vladimir Putin, he told RBC one of the former officials of St. Petersburg. Then, in the 1990s, he became a shareholder Shamalov bank "Russia", also came under US Treasury sanctions. Now Shamalov second largest ownedec bank after Yuri Kovalchuk - had 10.3%.

Son Shamalova Kirill after the sanctions imposed against the father married the daughter of Vladimir Putin, Catherine, reported Reuters, citing its sources.

Status 2014: unknown

Status in 2016: unknown

Igor Sechin, the president of "Rosneft"

Who imposed sanctions: US

Sechin, in the summer of 2014 complained that because of the sanctions it can not ride on the roads of the United States on a motorcycle in the company of the head of ExxonMobil Rex Tillerson. The sanctions also prevented him from visiting the United States for business purposes, and you have to send deputies, told employees of the company.

Sechin headed "Rosneft" fell under the sectoral US sanctions, but they did not have a significant impact on its financial performance. If in 2013 the revenue of "Rosneft" was 4.65 trillion rubles., Then in 2014 it grew by 17.2% to 5.5 trillion rubles. The net profit of state-owned companies for the same period fell by 9.8%, from 388 billion to 350 billion rubles. In ruble terms, "Rosneft" debt in 2014 increased by 31.4% to 2.5 trillion rubles., The company explained the fall of the ruble against foreigncurrency.

However, to say that the company does not suffer from the limitations, it is impossible. For example, it has lost the ability to cheap loans for a long time. Due to the sanctions the company could not buy a trading division of Morgan Stanley, and was suspended drilling of new wells in the "Victory" in the Kara Sea for exploration which "Rosneft" attracted ExxonMobil. Company projects were contracted with Western partners on the development of stranded oil.

Status 2014: unknown

Status in 2016: unknown

Vladimir Yakunin, the former president of Russian Railways

Who imposed sanctions: the United States and Australia

Vladimir Yakunin, to March 20, 2014 under the US sanctions. He can not get a visa, and his bank accounts or property in the territory of that country should be arrested. Sanctions explain Americans were introduced as due to his official position, and because of the reputation of a close friend of President Putin. However, it is not saved from dismissal Yakunin in August 2015.

The sanctions does not seem too affected the fate of the eldest son YakuninAndrew. He lived for several years in the UK and, according to the media, applied for citizenship in 2015. Yakunin, Jr. is the founder and managing partner of VIYM, busy attracting investment in hotels and other real estate in Russia and Western Europe. According to the source the TV channel "Rain", namely the application of Andrey Yakunin on the British citizenship was one of the reasons for the resignation of senior Yakunin.

Do not interfere with US sanctions and the movement of the former head of Russian Railways. As head of the international public organization "Dialogue of Civilizations," he over the past few months had to make presentations in Japan, China and Greece.

Status 2014: unknown

Status in 2016: unknown

Sergei Chemezov, general director of the state corporation "Rostec"

Who imposed sanctions: the United States, Switzerland and the EU

Chemezov came under US sanctions and the EU one of the first. European politicians have called it "one of the well-known close associates of President Putin." They also reported that Chemezov alleged "benefits from its withides with the Russian president. "

"Rostec" under the sanctions do not tan, says Chemezov, and some companies have fallen, and a way out. "We have moved to settlements with counterparts in national currencies, and as long as we have no problem," - said Chemezov, in an interview with RBC in December 2015. With General Electric, for example, "Rostec" after the imposition of sanctions has opened a joint venture. "As for me - no longer go for a vacation to Europe, to America and traveled to this only when necessary. Now with great pleasure that I go to Lake Baikal ", - said Chemezov (from an interview with" Vedomosti "newspaper).

In 2014, the first year of sanctions, revenue "Rostec" decreased by 3.6% to 964.5 billion rubles., Net profit decreased by 15.3%, to 33.9 billion rubles., With respect to indicators of 2013. But nearly four times the volume of exported products increased - from 3.9 billion to 14.8 billion rubles. Data for 2015 yet.

Status 2014: unknown

Status in 2016: unknown