Semibankirschina
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Semibankirschina
Semibankirschina (), or seven bankers, was a group of seven powerful Russian business oligarchs who played an important role in the political and economical life of Russia between 1996 and 2000. In spite of internal conflicts, the group worked together in order to re-elect President Boris Yeltsin in 1996, and thereafter to successfully manipulate him and his political environment from behind the scenes. The seven businessmen were identified by oligarch Boris Berezovsky in an October 1996 interview, and the term "semibankirschina" was then coined by a journalist in November 1996 as a takeoff on the Seven Boyars (semiboyarschina), who deposed Tsar Vasily Shuisky in 1610 during Time of Troubles. The seven bankers Russian oligarch Boris Berezovsky, in a 29 October 1996 interview in the ''Financial Times'', named seven Russian bankers and businessmen that he claimed controlled most of the economy and media in Russia and had helped bankroll Boris Yeltsin’s re-election campaign in ...
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Russian Oligarch
Russian oligarchs (Russian language, Russian: олигархи, Romanization of Russian, romanized: ''oligarkhi'') are business oligarchs of the Post-Soviet states, former Soviet republics who rapidly accumulated wealth in the 1990s via the Privatization in Russia, Russian privatisation that followed the dissolution of the Soviet Union. The Failed state, failing Soviet state left the ownership of Public property, state assets contested, which allowed for Blat (favors), informal deals with former Soviet Union, USSR officials (mostly in Russia and Ukraine) as a means to acquire state property. Historian Edward L. Keenan has compared these oligarchs to the system of powerful Boyar#Boyars in Muscovy, boyars that emerged in late-medieval Grand Duchy of Moscow, Muscovy. The first modern Russian oligarchs emerged as business-sector entrepreneurs under Mikhail Gorbachev (General Secretary of the Communist Party of the Soviet Union, General Secretary 1985–1991) during his period of Mark ...
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Vladimir Gusinsky
Vladimir Aleksandrovich Gusinsky (russian: Владимир Александрович Гусинский, ; born 6 October 1952) is a Russian media tycoon. He founded the Media-Most holding company that included the NTV free-to-air channel, the newspaper ''Segodnya'', the radio station Echo of Moscow, and a number of magazines. Early life and education Gusinsky was born into a Jewish family in Moscow on 6 October 1952. In 1969, Gusinsky enrolled in Gubkin Institute of Oil and Gas, however, he did not finish his education there. He joined the USSR Army in 1973 as a Junior Sergeant in the Chemical Intelligence Troops. In 1975, after being demobilized, Gusinsky enrolled in the State Institute for the Study of Theatrical Arts (Russian: ГИТИС English: GITIS). He graduated in 1979 with his graduating diploma work on the staging of "Tartuffe" by Molière, in the Tula State Dramatic Theater. Early career 1986 * Stage Director for the Ted Turner Goodwill Games in the Kremlin ...
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Boris Berezovsky (businessman)
Boris Abramovich Berezovsky (russian: link=no, Борис Абрамович Березовский; 23 January 1946 – 23 March 2013), also known as Platon Elenin, was a Russian business oligarch, government official, engineer and mathematician and a member of the Russian Academy of Sciences. Berezovsky made his fortune in Russia in the 1990s, when the country implemented privatization of state property. He profited from gaining control over assets, including the country's main television channel, Channel One. In 1997, ''Forbes'' estimated Berezovsky's wealth at US$3 billion. Berezovsky helped fund Unity, the political party that would form Vladimir Putin's first parliamentary base, and was elected to the Duma on Putin's slate in the 1999 Russian legislative election. However, following the Russian presidential election in March 2000, Berezovsky went into opposition and resigned from the Duma. Berezovsky would remain a vocal critic of Putin for the rest of his life. ...
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Seven Boyars
The Seven Boyars (russian: link=no, Семибоярщина, the Russian term indicating "Rule of the Seven Boyars" or "the Deeds of the Seven Boyars") were a group of Russian nobles who deposed Tsar Vasily Shuisky on 17 July 1610 and, later that year, invited the Poles into Moscow. The seven were Princes Fedor Mstislavsky (the leader of the group), Ivan Mikhailovich Vorotynskii, Andrei Vasilevich Trubetskoi, Andrei Vasilevich Golitsyn, Boris Mikhailovich Lykov-Obolenskii, and Boyars Ivan Nikitich Romanov and Fedor Ivanovich Sheremetev. Due to the Polish advance into Russia, the Bolotnikov rebellion, and other unrest during the Time of Troubles, Shuisky was never very popular, nor was he able to effectively rule outside of the capital itself. The seven deposed him and he was forcibly tonsured a monk in the Chudov Monastery in the Kremlin. He was later carried off to Poland where he died in prison at Gostynin in 1612.Robert O. Crummey, The Formation of Muscovy 1304–1613 (New ...
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Mikhail Fridman
Mikhail Maratovich Fridman (also transliterated Mikhail Friedman; russian: Михаил Маратович Фридман; he, מיכאיל פרידמן; born 21 April 1964) is a Ukrainian-born, Russian–Israeli businessman, billionaire, and oligarch. He is one of the co-founders of Alfa-Group, a multinational Russian conglomerate. According to ''Forbes'', he was the seventh-richest Russian as of 2017. (Moved to 11th place in 2020.) In May 2017, he was also ranked as Russia's most important businessman by ''bne IntelliNews''. In August 2022, Fridman had a net worth of $11.2 billion, according to the Bloomberg Billionaires Index. In 1991 he co-founded Alfa-Bank, one of the largest private banks in Russia. After serving as CEO of TNK-BP, the 50/50 TNK-BP joint venture, for nine years, in 2013 he sold his stake in the company and co-founded the international investment company LetterOne (L1). Until 2022 Fridman was chairman of the supervisory board of Alfa Group Consortium, an ...
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Alexander Smolensky
Alexander Pavlovich Smolensky (russian: Алекса́ндр Па́влович Смолéнский) (born July 6, 1954) is a Russian business oligarch. Biography Alexander Smolensky began his business activities on the black market of the so-called "shadow economy". His private ventures included trading foreign currency, moonlighting on a second job in a bakery with a counterfeit permit as well as typesetting and printing Bibles using government presses and ink. He was arrested by the KGB in 1981 and charged with economic crimes. Subsequently, he was sentenced to two years of hard labour although he only served one day. Alexander Smolensky is considered the first private banker of Russia. Alexander Smolensky is the founder and president of one of the largest private banks in Russia - Bank Stolichny. In 1992, he set up the country's first debit card processing system. In 1998, he merged his agribusiness assets in Agroprombank (acquired in 1996), which was renamed SBS-Agro and ...
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Mikhail Khodorkovsky
Mikhail Borisovich Khodorkovsky (russian: link=no, Михаил Борисович Ходорковский, ; born 26 June 1963), sometimes known by his initials MBK, is an exiled Russian businessman and opposition activist, now residing in London. In 2003, Khodorkovsky was believed to be the wealthiest man in Russia, with a fortune estimated to be worth $15billion, and was ranked 16th on ''Forbes'' list of billionaires. He had worked his way up the Komsomol apparatus, during the Soviet years, and started several businesses during the period of ''glasnost'' and ''perestroika'' in the late 1980s. After the dissolution of the Soviet Union, in the mid-1990s, he accumulated considerable wealth by obtaining control of a number of Siberian oil fields unified under the name Yukos, one of the major companies to emerge from the privatization of state assets during the 1990s (a scheme known as "Loans for Shares"). In 2001, Khodorkovsky founded Open Russia, a reform-minded organization ...
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Vladimir Potanin
Vladimir Olegovich Potanin (russian: Владимир Олегович Потанин; born 3 January 1961) is a Russian billionaire businessman. He acquired his wealth notably through the controversial loans-for-shares program in Russia in the early to mid-1990s. As of August 2022, he was the wealthiest man in Russia and the 38th richest person in the world, with an estimated net worth of $24.4 billion, according to the ''Bloomberg Billionaires Index''. His long-term business partner was Mikhail Prokhorov until they decided to split in 2007. Subsequently, they put their mutual assets in a holding company, Folletina Trading, until their asset division was agreed upon. In January 2018, Potanin appeared on the US Treasury's "Putin list" of 210 individuals closely associated with Russian president Vladimir Putin. In June 2022, the UK has imposed sanction on Potanin for being one of the major oligarchs in "President Vladimir Putin’s inner circle." Early life and education ...
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Vladimir Vinogradov
Vladimir Viktorovich Vinogradov (Russian Владимир Викторович Виноградов) (19 September 1955 in Ufa — 29 June 2008 in Moscow) was the owner and president of Inkombank, one of the largest banks in 90s' Russia. Considered one of Russia's oligarchs, he was ranked 12th in the list of the top 20 richest Russians in 1996. His bank underwent bankruptcy following the 1998 Russian financial crisis. Early life Vladimir Viktorovich Vinogradov was born in 1955 in Ufa, Bashkiria. He lost his father when he was a child, and grew up in modest circumstances. He graduated from the Moscow Aviation Institute with a degree in mechanical engineering. From 1979 until 1985 he worked at the Atommash factory in Volgodonsk as a construction engineer. He took a leading role in the Komsomol, the Communist Youth organisation, and was given the opportunity to continue his studies at the Plekhanov Russian Academy of Economics, becoming the Soviet industrial bank Promstroibank's chie ...
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Yukos
OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s. Between 1996 and 2003, Yukos became one of the biggest and most successful Russian companies, producing 20% of Russia's oil output. In the 2004 ''Fortune 500'', Yukos was ranked as the 359th largest company in the world. In October 2003, Khodorkovsky—by then the richest person in Russia and 16th richest person in the world—was arrested, and the company was forcibly broken up for alleged unpaid taxes shortly after and declared bankrupt in August 2006. Courts in several countries later ruled that the real intent was to destroy Yukos and obtain its assets for the government, and act politically against Khodorkovsky. In 2014, the largest arbitration aw ...
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Alfa Group
Alfa Group Consortium () is Russian international privately owned investment groups, with interests in oil and gas, commercial and investment banking, asset management, insurance, retail trade, telecommunications, water utilities and special situation investments. The group was founded in 1989 as ''Alfa-Eco'' by Israeli-Russian businessman Mikhail Fridman, in partnership with German Khan, Alexei Kuzmichov, Alexander Kushev, and several other partners. As a holding company, in the financial year ending December 2010 Alfa Group had total assets of US$59,900 million, total equity of US$21,790 million and profit for the financial year of US$2,810 million. Return on shareholders' equity were recorded at 13.4%. In April 2012, Altimo sold its entire 25.1% stake in MegaFon to a private investor and to MegaFon for US $5.2 bln. Ownership structure and joint ventures Its central holding company is located in Gibraltar and under the direction of Franz Wolf, the son of Markus Wolf. Alfa G ...
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Russia
Russia (, , ), or the Russian Federation, is a List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the world, with its internationally recognised territory covering , and encompassing one-eighth of Earth's inhabitable landmass. Russia extends across Time in Russia, eleven time zones and shares Borders of Russia, land boundaries with fourteen countries, more than List of countries and territories by land borders, any other country but China. It is the List of countries and dependencies by population, world's ninth-most populous country and List of European countries by population, Europe's most populous country, with a population of 146 million people. The country's capital and List of cities and towns in Russia by population, largest city is Moscow, the List of European cities by population within city limits, largest city entirely within E ...
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