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RUSSIA

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. [...] (527 words)
Issue dated 07/02/2023 Reading time 3 minutes

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International Dealmaking

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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
Spotlight
RUSSIA 20/12/2022

Kremlin-backed oligarch operates Crimean railway from Gibraltar 

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.

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