Nikolay Tokarev

Nikolay Tokarev is a Russian businessman and oligarch. He is the president of the Russian pipeline company Transneft. Tokarev was born in 1950 and graduated from Karaganda Polytechnic Institute in 1973.

He was reportedly a KGB officer in East Germany, where he met and allied with KGB officer Vladimir Putin. Between 1996 and 1999 Tokarev worked for the state Presidential Property Management Department where Putin's title was deputy chief in 1996 and 1997.

Tokarev has been president of Transneft since October 2007 and a member of the company's board of directors since June 2009. From 2000 to 2007, he was president of the Russian oil company Zarubezhneft.

Transneft and Sberbank conclude an urgent deal


A loud argument about currency options can be settled in three weeks.

Transneft and Sberbank decided to conclude an amicable agreement


The court postponed the consideration of the claim for 67 billion rubles to settle the dispute.

Transneft knew about the risks of losing 22 billion rubles from the deal with Sberbank


Transneft was aware of the risk of losses from the deal with Sberbank, which caused litigation between the companies. The calculation was provided by the bank itself, without explaining either its essence or the speculative nature of the transaction, Transneft notes.

Shcherbovich asks for peace, but prepares for war


Head of UCP Foundation Ilya Shcherbovich, who failed to win back the money for the non-voting shares of Transneft, offered a 'peace treaty'. But on his own terms.

Oil sticks to the hands


Transneft wants to continue to enrich itself at the expense of others.

Transneft defended its right to live according to the charter


Ilya Scherbovich's UCP lost a court action.

Nikolay Tokarev's dangerous games


Property interests of Rosneft have led to filing a claim to arbitration. What is Transneft guilty of?

Nowhere to run


President of Vneshprombank, Larisa Markus, pleaded guilty for embezzling 6 billion and is ready to make a deal with the investigation.

The state is not quite sure how state-owned companies spend their money


The Ministry of Finance has proposed to establish a norm obliging state-owned companies to pay dividends in the amount of not less than 50% of the net profit according to IFRS; a corresponding document has already been sent for approval to the government.

Novorossiysk Commercial Sea Port cheated in generosity


The attempt to pay high dividends stumbled upon covenants.

Investors complain of Transneft


Several Russian and foreign funds claim that the divident policy of the oil transporting company exacerbate the investment climate in Russia.   

Yachts, palaces and offshore companies of the Tokarev-Bolotov clan in the European Union


The head of Transneft Nikolay Tokarev and his clan are investing billions of stolen dollars into the western offshore companies and real estate.  

Nikolay Tokarev's gold pipe


The head of Transneft makes profit at the expense of the state. 

Scherbovich Foundation explained the reason for buying shares of Transneft


Transneft has been at war with a minority shareholder, UCP Foundation, owned by Ilya Scherbovich, for the last six months. The purpose of UCP is to sell to the monopoly its own shares. Now, the Foundation insists that it bought the shares of Transneft upon the latter's approval and having exactly that deal in mind. 

UCP Foundation reproached managers of Transneft for the loss of "astronomical sums"


A shareholder of Transneft, UCP Foundation, through the court requested from the company the documents about its operations in the financial market during the devaluation of the ruble. The losses of Transneft from these transactions was 75.3 billion rubles in 2014 alone.

The pipe will feed


Transneft mey leave its shareholders without money. 

Financial blindness cost Tokarev 19 billion


That's the amount of money Transneft lost in bankrupt banks.

Transneft and Rosneft are quarreling again


The monopoly can sue the oil company.