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RUSSIA

Kremlin-backed oligarch operates Crimean railway from Gibraltar

Mikhail Ryabinovich had launched in 2005 the Grand Express, linking Moscow to St. Petersburg. He sold it in 2019 to TKS, which then established itself in Crimea. © uskarp/iStock

Mikhail Rabinovich, who enjoys the protection of Vladimir Putin's inner circle, manages Crimea's railway system through his offshore companies, under the radar of Western sanctions. The discreet Russian businessman has been promised control of logistics giant FESCO, previously owned by a rival oligarch, in exchange for his services. [...] (920 words)

Published on 20/12/2022 at 06:00 GMT Reading time 4 minutes

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International Dealmaking

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Andrey Severilov
Central Bank of the Russian Federation
Far Eastern Shipping Co
FSB
Gennady Timchenko
Grand Service Express
Jeldorconsulting
K
KGB
Kirill
Kovalchuk
Locko
Magomed Magomedov
Mikhail Rabinovich
Mikhailov & Partners
Nicolas Sarkozy
Piper Participation
Rosatom
RZD
SEB
Sergey Kiriyenko
Sergey Mikhailov
Sorena
Stanislav Bogoslavski
Suleyman Kerimov
Summa Group
Transclasservice
Vitaly Krivenko
Vladimir Putin
Vladimir Yakunin
Yuri Kovalchuk
Ziyavudin Magomedov

London leak at heart of Russian prosecutor's plan to capture FESCO assets

A Russian court has used a London Court of International Arbitration decision to justify confiscating the assets of shipping giant FESCO, amid a four-year battle between its shareholders Ziyavudin Magomedov and Mikhail Rabinovich. The Russian prosecutor was not forthcoming about how he got his hands on the normally confidential ruling.

RUSSIA UNITED KINGDOM 06/04/2023

London consultants quietly gear up for legal battle to recoup Russian giant FESCO's seized assets

From his Moscow cell, the fallen logistics tycoon Ziyavudin Magomedov is waging a legal battle in London to recover his assets. His lawyer and a team of PR experts are putting together a subtle communication strategy targeting the Russian state and rival oligarch Mikhail Rabinovich.

Russian businessman Ziyavudin Magomedov.

RUSSIA UNITED ARAB EMIRATES 09/03/2023

Bank backed by discreet oligarch Mikhail Rabinovich set to open in Gulf

Low-profile business magnate Mikhail Rabinovich, who has connections within Moscow's inner circles of power and oversees a logistics empire that extends from Crimea to Vladivostok, intends to establish his Locko-Bank in the Emirates - a market very much in favour with Russian businesses affected by Western sanctions.

RUSSIA 07/02/2023

Kiriyenko clan close to Kremlin expands reach in business and politics

With Rostelecom's probable acquisition of oligarch Alisher Usmanov's Megafon, the powerful presidential adviser Sergey Kiriyenko and his son will further expand their hold on a market shaken up by sanctions. This also spells top roles for members of their close entourage.

The city of Sevastopol, in Crimea. © Olga MALTSEVA / AFP

Spotlight

RUSSIA UKRAINE 27/12/2022

Industrial assets, the other Russian-Ukrainian battle front

On each side of the battle line, Russia and Ukraine seized assets controlled by citizens from the opposing side. Local industry is changing faces, from oil and gas to mining and viticulture.

RUSSIA 24/11/2022

Kremlin retakes control of the patriotic 'black' PR networks

Faced with economic and military difficulties, the Russian presidential administration is looking to tighten up its control over the information sphere. The effects have already been felt by media groups controlled by the powerful factions headed by the country's elite.

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.

Spymaster RUSSIA 27/05/2022

Russian intelligence official Ivan Tkachev does Sechin's financial counterintelligence bidding

Western sanctions have boosted the K Department of the Economic Security Service, a branch of Russia's internal intelligence service, the FSB, in its efforts to rein in Russia's oligarchs. It has been headed for the past six years by General Ivan Tkachev, who is very close to Rosneft's boss Igor Sechin.

Directorate K, the FSB's eyes on the oligarchs.

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.

RUSSIA UNITED KINGDOM 02/02/2022

Vladimir Yakunin's heirs prosper in 'Londongrad'

While he has not had an opportunity to secure his sons a seat within the circles of power in Moscow, like many of Putin's cronies have, the former head of Russian railways can take pride in their place among London's business elite.

UNITED ARAB EMIRATES 13/10/2021

DP World relies on local consultants to break into Russian Arctic

Increasingly under competition from Abu Dhabi Ports, Dubai Ports World is bidding on holding on to its market leadership through partnerships with Russia's Rosatom and Fesco, at the centre of a battle for control of the Russia's future Arctic maritime routes.

The Russian port of Vladivostok could open up new shipping lanes for DP World through the Arctic Ocean.

FRANCE RUSSIA 13/07/2021

Putin's modest 'Russian champagne' gift to allies Boris Titov and Yuri Kovalchuk

The Kremlin has forced French champagne producers to eat humble pie, in a move that mostly benefits Russian presidential advisor Boris Titov's "champagne" of the tsars, Abrau-Durso, and the Crimean sparkling wine made by "Putin's banker", Yuri Kovalchuk.

Russian President Vladimir Putin picks a glass of champagne.

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Andrey Severilov
Central Bank of the Russian Federation
Far Eastern Shipping Co
FSB
Gennady Timchenko
Grand Service Express
Jeldorconsulting
K
KGB
Kirill
Kovalchuk
Locko
Magomed Magomedov
Mikhail Rabinovich
Mikhailov & Partners
Nicolas Sarkozy
Piper Participation
Rosatom
RZD
SEB
Sergey Kiriyenko
Sergey Mikhailov
Sorena
Stanislav Bogoslavski
Suleyman Kerimov
Summa Group
Transclasservice
Vitaly Krivenko
Vladimir Putin
Vladimir Yakunin
Yuri Kovalchuk
Ziyavudin Magomedov

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Kremlin-backed oligarch operates Crimean railway from Gibraltar

This article may be accessed by subscribers and e-wallet holders (USD 19.50)

2 options offered to continue reading

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SPECIAL OFFER

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London leak at heart of Russian prosecutor's plan to capture FESCO assets

London consultants quietly gear up for legal battle to recoup Russian giant FESCO's seized assets

Bank backed by discreet oligarch Mikhail Rabinovich set to open in Gulf

Kiriyenko clan close to Kremlin expands reach in business and politics

Industrial assets, the other Russian-Ukrainian battle front

Kremlin retakes control of the patriotic 'black' PR networks

Russia focuses on increasingly strategic Arctic

Russian intelligence official Ivan Tkachev does Sechin's financial counterintelligence bidding

Sanctions against Gennady Timchenko reveal the extent of his French presence

Vladimir Yakunin's heirs prosper in 'Londongrad'

DP World relies on local consultants to break into Russian Arctic

Putin's modest 'Russian champagne' gift to allies Boris Titov and Yuri Kovalchuk

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