Your account has been succesfully created.

Subscribe now

RUSSIA

Gennady Timchenko-Leonid Mikhelson's rock-solid alliance holds strong amid gas turmoil

President of the Republic of Tatarstan Rustam Minnikhanov, chairman of the Board at Sibur Holding Dmitry Konov, chairman of the Board of Directors at TAIF Albert Shigabutdinov and Leonid Mikhelson, chairman of the Board of Directors at Sibur Holding, during a ceremony to sign an agreement on the merger between Sibur Holding and TAIF, at Kazan, 24 September. © SIBUR

With gas prices skyrocketing in Europe, Russian gas is going from strength to strength. Behind the success is the work of its well-connected entrepreneurs, not the least Gennady Timchenko and Leonid Mikhelson, whose business successes stretch from Kazan to the Artic. [...] (561 words)

Issue dated 05/10/2021 Reading time 3 minutes

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

e-wallet

from EUR/USD 50

Only buy articles you are interested in

ANNUAL SUBSCRIPTION

Unlimited access to the website

See our rates

Choose the option that suits you best: Compare all of our offers!

Do you want a free trial before subscribing?

Create your free account

Do you want a free trial before subscribing?

create a free account

Read this article here:

International Dealmaking

Set up email notifications for these topics

Airat Shaimiev
Albert Shigabutdinov
Alexey Miller
CNPC
Evgueni Kot
Gazprom
Gazprombank
Gennady Timchenko
Gunvor
Kazanorgsintez
Leonid Mikhelson
Lev Feodosyev
Mark Gyetvay
Ministry of Economy, Trade and Industry
Mintimer Shaimiev
Nizhnekamskneftekhim
Patrick Pouyanné
Radik Shaimiev
Rouslan Shigabutdinov
Roustam Minnikhanov
Sergey Vasyunine
Sibur
Silk Road Fund
TAIF
TGC-16
TotalEnergies
Uralkali
Viktor Belyakov
Vladimir Putin
Volga

Minnikhanov leads business rapprochement between Russia and Indonesia

Russia, which is looking to strengthen its trading links with South Asia, is counting on Tatarstan president Rustam Minnikhanov to promote the exportation of its oil products to Indonesia. [...]

RUSSIA 21/07/2022

Russia focuses on increasingly strategic Arctic

The Kremlin is determined that sanctions will not affect business in the Arctic. With official encouragement, Russian business leaders are changing the map of the region in the wake of an exodus by Western companies. [...]

FRANCE RUSSIA 16/03/2022

Sanctions against Gennady Timchenko reveal the extent of his French presence

Gennady Timchenko, the sole oligarch involved in strategic projects for Paris, was prepared for the imposition of Western sanctions thanks to the Franco-Russian business network he has built up over the years. He and his wife now rely on trusted managers for their real estate and hotels. [...]

TotalEnergies is overseeing the Arctic LNG 2 project in partnership with Novatek. © Novatek

Spotlight

FRANCE RUSSIA UNITED STATES 08/02/2022

TotalEnergies is potential thorn in side of French-US talks on Russia

While French President Emmanuel Macron is trying a new diplomatic approach with Vladimir Putin this week in the Russian-US crisis over Ukraine, a behind-the-scenes battle is being waged to preserve Total's interests in Russia, which is under threat of US sanctions. [...]

CHINA RUSSIA 01/02/2022

Albert Avdolyan plays key role as Beijing thirsts for Siberian gas

The Russian businessman is China's middleman of choice as it seeks to forge strategic partnerships with Moscow. [...]

Through Zhejiang Energy Group, China took 10% of Yatek company's capital, the main gas producing company in the Sakha Republic (Yakutia).

Spotlight

CHINA RUSSIA 19/01/2022

Oligarchs close to the Kremlin look towards Beijing

With business between Beijing and Moscow openly thriving, Russian entrepreneurs with ties to the Kremlin are now increasingly using these good relations to make moves into the Chinese markets. [...]

FRANCE RUSSIA 11/01/2022

François Fillon rubs shoulders with counter-espionage veterans in Moscow

The appointment of the former French PM to the board of a second Russian company will enable him to expand his contact network in Moscow. Already close to the entourages of the oligarchs Gennady Timchenko and Leonid Mikhelson, who are Kremlin loyalists, he will now find himself mixing with intelligence service veterans with important corporate positions. [...]

Former French Prime Minister François Fillon.

RUSSIA UNITED ARAB EMIRATES 24/12/2021

Mubadala heads further into Moscow market without RDIF

The recent acquisition of shares in petrochemical giant Sibur by Mubadala reflects the emirate's independence from its historical partner in the country, the Russian Direct Investment Fund (RDIF). [...]

RUSSIA 03/12/2021

EU serves Moscow its terms for Russia's 'tax havens'

The European Union is not happy with the boost Moscow's 2018 tax changes have given to the free zones of Kaliningrad and Vladivostok, and intends to stop Russian powerhouses from moving there without compensation. This leaves Russia's finance minister performing a fine balancing act. [...]

Russian Finance Minister Anton Siluanov has revived the issue of special administrative zones, also known as Russian offshores.

RUSSIA TURKEY 12/11/2021

Tuncay Ozilhan takes care of Turkey's business interests in strategic Tatarstan market

Keen as it is to keep up its long-standing trading relationship with Russia, Turkey can count in this respect on its business ambassadors in Kazan, capital of Tatarstan. Among the latter, Tuncay Ozilhan seems to be particularly influential. [...]

UKRAINE 12/10/2021

Odessa's port industries seek to navigate between oligarchs and private investors to survive

The rise in gas prices has caught Odessa's heavy industry by surprise, forcing one of its main factories to cease production. While this is a temporary setback, it does highlight the fact that the port area remains plagued by deep-seated problems that have not yet been resolved by privatisation or de-oligarchisation projects. [...]

The chemical factories in the port of Odessa.

Former French prime minister François Fillon at the 24th St. Petersburg International Economic Forum (SPIEF 2021) on 4 June 2021. © Vyacheslav Prokofyev/TASS via Reuters Connect

Spotlight

FRANCE RUSSIA 01/10/2021

Gazprom on menu of Fillon's Moscow visit

In Moscow next week for his first Russian public oil company Zarubezhneft board meeting, former French PM François Fillon will pay a call on Gazprom's influential director Alexei Miller. [...]

RUSSIA TURKEY UKRAINE 28/09/2021

Turkey navigates narrow strait between Ukrainian defence and Russian gas

Turkey has been on good terms with Ukraine for several years, particularly in defence, however it is too soon to break things off with Russia, one of its key gas suppliers. [...]

MOLDOVA RUSSIA 24/08/2021

Moscow puts pressure on Chisinau to renew deal with Gazprom

Between soaring gas prices, Transnistria, and Gazprom's controlling stake in Moldovagaz, even though Moldovan President Maia Sandu wants the country to get close to Europe, the pressure is on to renew the deal with the Russian gas company. [...]

RUSSIA 29/07/2021

Marat Kabaev, Putin's discreetly influential 'father-in-law', does Russia's bidding in Central Asia

Marat Kabaev, the leader of Tatarstan's business community and a relay for Vladimir Putin in Central Asia, reportedly also has personal ties to the president. [...]

Spotlight

RUSSIA 18/05/2021

Set up email notifications for these topics

Airat Shaimiev
Albert Shigabutdinov
Alexey Miller
CNPC
Evgueni Kot
Gazprom
Gazprombank
Gennady Timchenko
Gunvor
Kazanorgsintez
Leonid Mikhelson
Lev Feodosyev
Mark Gyetvay
Ministry of Economy, Trade and Industry
Mintimer Shaimiev
Nizhnekamskneftekhim
Patrick Pouyanné
Radik Shaimiev
Rouslan Shigabutdinov
Roustam Minnikhanov
Sergey Vasyunine
Sibur
Silk Road Fund
TAIF
TGC-16
TotalEnergies
Uralkali
Viktor Belyakov
Vladimir Putin
Volga

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!

Barzan Holdings, Qatar's defence industry giant springing up out of the desert

Badr Jafar - the businessman 2.0 taking hold in the UAE

Gennady Timchenko-Leonid Mikhelson's rock-solid alliance holds strong amid gas turmoil

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

Create your free account

create a free account

Set up email notifications for these topics

Minnikhanov leads business rapprochement between Russia and Indonesia

Russia focuses on increasingly strategic Arctic

Sanctions against Gennady Timchenko reveal the extent of his French presence

TotalEnergies is potential thorn in side of French-US talks on Russia

Albert Avdolyan plays key role as Beijing thirsts for Siberian gas

Oligarchs close to the Kremlin look towards Beijing

François Fillon rubs shoulders with counter-espionage veterans in Moscow

Mubadala heads further into Moscow market without RDIF

EU serves Moscow its terms for Russia's 'tax havens'

Tuncay Ozilhan takes care of Turkey's business interests in strategic Tatarstan market

Odessa's port industries seek to navigate between oligarchs and private investors to survive

Gazprom on menu of Fillon's Moscow visit

Turkey navigates narrow strait between Ukrainian defence and Russian gas

Moscow puts pressure on Chisinau to renew deal with Gazprom

Marat Kabaev, Putin's discreetly influential 'father-in-law', does Russia's bidding in Central Asia

Afinogenov serves as intermediary between Novatek, Total and Russian security services

Gennady Timchenko's French connections at heart of Franco-Russian business network

Trial Sheds Light on Secretive Trader

Gennady Timchenko

Set up email notifications for these topics

First visit

Contacts

Tools

Follow us

A website produced by

Indigo Publications also publishes: