Siberian Business Union (SBU) (

Russian Russian(s) refers to anything related to Russia, including: *Russians (, ''russkiye''), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *Rossiyane (), Russian language term for all citizens and peo ...

: Сибирский деловой союз, or ''Sibirskiy Delovoy Soyuz (SDS)'') is a Russian holding company based in

Kemerovo Kemerovo ( rus, Ке́мерово, p=ˈkʲemʲɪrəvə) is an industrial city and the administrative center of Kemerovo Oblast, Russia, located at the confluence of the Iskitimka and Tom Rivers, in the major coal mining region of the Kuznetsk Ba ...

Siberia Siberia ( ; rus, Сибирь, r=Sibir', p=sʲɪˈbʲirʲ, a=Ru-Сибирь.ogg) is an extensive geographical region, constituting all of North Asia, from the Ural Mountains in the west to the Pacific Ocean in the east. It has been a part of ...

. Its companies are active in coal mining, railway transportation, chemicals, machine building and radio stations. SBU is linked with Vladimir Putin's

United Russia United Russia ( rus, Единая Россия, Yedinaya Rossiya, (j)ɪˈdʲinəjə rɐˈsʲijə) is a Conservatism in Russia, Russian conservative List of political parties in Russia, political party. As the largest party in Russia, it hold ...

party.

Details and activities

The largest shareholder in SBU is the Russian billionaire Vladimir Gridin and his sons. Gridin is also a politician in the United Russia party. The SBU head office is located at Kemerovo in Siberia. Its subsidiaries are involved in coal mining, railway transportation, chemicals, machine building and radio stations. SBU is Russia's third-largest producer of coal for power stations SBU was a partner with

Kuzbassrazrezugol UK Kuzbassrazrezugol OAO (russian: ОАО УК "Кузбассразрезуголь", and also known as KRU) is a Kemerovo, Russia-based coal, coal company. The company extracts, processes, and distributes coal domestically and internationally. K ...

in plans to build a coal export port in the

Barents Sea The Barents Sea ( , also ; no, Barentshavet, ; russian: Баренцево море, Barentsevo More) is a marginal sea of the Arctic Ocean, located off the northern coasts of Norway and Russia and divided between Norwegian and Russian territo ...

, but withdrew in 2013. SBU obtained 25% of European Media Group, one of Russia's biggest radio networks, which includes

Europa Plus Europa Plus () is a Russian commercial radio station. It is owned by the European Media Group and started broadcasting on 30 April 1990. It is mainly formatted with Hot AC and Top 40. Europa Plus began brodcasting in the USSR in 1990. Europa P ...

, after

Lagardère Lagardère may refer to: * Lagardère Group, a French media group * Jean-Luc Lagardère (1928–2003), French engineer and businessman and CEO of the Lagardère Group * Arnaud Lagardère (born 1961), French businessman and son of Jean-Luc Lagardèr ...

sold it for $162 million in 2011 after changes to Russian media ownership regulations. SBU intended to increase their ownership to 100%. In June 2011, SBU enlisted its entire workforce in the

All-Russia People's Front The All-Russia People's Front (ONF; russian: Общероссийский народный фронт, Obshcherossiyskiy narodnyy front), is a political coalition in Russia started in 2011 by then- Prime Minister of Russia Vladimir Putin to provide ...

, an organisation created by Vladimir Putin and associated with the United Russia party.

Subsidiaries

* SBU-Coal * SBU-Engineering * Novotrans * SBU-Construction * SBUAgro * SBU-Alco * SBU-Media * SBU-Energy

References

{{reflist Coal companies of Russia Electric power companies of Russia Russian brands Mass media companies of Russia Companies based in Kemerovo Oblast