Vladimir Yevtushenkov

Vladimir Petrovich Yevtushenkov (Evtushenkov) (Russian: Владимир Петрович Евтушенков; born 25 September 1948 Smolensk, Belarussian SSR, Soviet Union) is a Russian billionaire business oligarch. He is the majority owner and chairman of Sistema. As a member of the Russian-Saudi Economic Council and as chairman since 2002 of both the Russian side of the Russian-Saudi and Russian-Arab Business Councils which are part of the Chamber of Commerce and Industry (CCI), he maintains very close ties to both Saudi Arabia and the Arab world.[1][2][lower-alpha 1] He is close to Serhiy Taruta, Viktor Yanukovych and Mykola Bilokon.[3]

In this name that follows Eastern Slavic naming conventions, the patronymic is Petrovich and the family name is Yevtushenkov.

Vladimir Yevtushenkov
Born
Vladimir Petrovich Evtushenkov

25 September 1948 (1948-09-25) (age 73)
NationalityRussia
Spouse(s)Married
Children2

Early life

Yevtushenkov has master's degrees in chemistry (1973, from D. Mendeleev Moscow Chemical Engineering Institute) and economics (1980), and a PhD in economics (1986).[4] Yevtushenkov worked as an engineer at Karacharovo Plastics Works until 1982, and as chief engineer and first deputy general director of the Polymerbyt Scientific and Production Association until 1987, when he was appointed as the head of the Department of Science and Technology for the Moscow city government.[5][6]

One year after Yuri Luzhkov, who is the husband of Yevtushenkov's sister in law, became mayor of Moscow, Yevtushenkov resigned from the Moscow city government in 1993 to establish Sistema from his small city department known as the Moscow Committee on Science and Technology.[3][7]

Career

The first firm he gained control was Moscow City Telephone Network (MGTS) purchasing a 55% stake in MGTS during privatization.[3][8] In 1993, he gained control of the Moscow Bank for Reconstruction and Development[lower-alpha 2] that became a designated bank for the Government of Moscow which greatly increased cash flows through the bank and, in February 2018, MTS Bank became the sole operator for five years on the Mayor of Moscow's website mos.ru.[3][7][9] Since 1995, he is the major shareholder and chairman of the board of the Russian investment holding company Sistema (together with another Top Managers such as Evgeny Novitsky[7]). Sistema was an early shareholder in Russian mobile telecommunications pioneer VimpelCom, and sold its stake when the company was the first Russian company to list on the New York Stock Exchange in November 1996.[10] Yevtushenkov took Sistema public in February 2005, in a $1.35 billion IPO that was Russia's largest ever at the time.[11] Today Sistema is the largest shareholder in MTS, Russia's largest telecommunications company.[12] Other major Sistema assets include children's goods retailer Detsky Mir,[13] pulp and paper holding Segezha Group, Russia's largest chain of private healthcare clinics MEDSI,[14] the largest stake in East-West United Bank (Luxembourg) (EWUB) which has become the principal Russian overseas bank in Europe after Gazprombank's liquidation and the sanctioning of the VTB network of banks,[15] etc.

In 2009, Sistema purchased oil and gas companies in the Republic of Bashkortostan.[16] This would be the foundation of the oil and gas company Bashneft.[17][18]

Currently, Yevtushenkov owns 64% of the total conglomerate.[19] In 2014, according to Forbes, he was Russia's 15th richest businessman with a fortune of around US$9 billion. On the Forbes 2016 list of the world's billionaires, he was ranked #722 with a net worth of US$2.4 billion. By February 2018 his assets had fallen to US$2 billion, and his rank plunged to #1215; by November 2018, Yevtushenkov was Russia's 62nd wealthiest man with his total means amounting US$1.4 billion and dropping to #1541 in the world's billionaires ranking.[20]

Bashneft and house arrest; sanctions

In September 2014, Russian investigators placed Yevtushenkov under house arrest, accusing him of money-laundering in connection with the acquisition of shares in oil producer Bashneft. 70% of Bashneft's shares were owned by Sistema. Sistema said it considered the accusations baseless.[21] In December 2014, as ruled by the Moscow Arbitration (Commercial) Court, Bashneft was re-nationalised. Following the return of Bashneft to State ownership, in February 2015 the Moscow Arbitration Court awarded Yevtushenkov's Sistema RUB 70.7 billion ($1.1 billion) in damages from the loss of Bashneft.[22] In January 2016, all the accusations against him in connection with the acquisition of Bashneft has been dismissed as it was found that no crime had been committed.[23][24]

As of the end of March 2022, Yevtushenkov, Sistema and its subsidiary East-West United Bank (EWUB) in Luxembourg have not been under sanctions associated with the Russian interference in Ukraine,[3][15][25] but on 7 April 2022 Yevtushenkov was included in the sanctions list of Australia.[26]

Personal life

He and his wife Natalya Nikolaevna (Russian: Наталья Николаевна), who is the sister of Viktor Baturin and Yuri Luzhkov's second wife Yelena Baturina, have two children, and live in the Odintsovo city district of Moscow at Zhukovka (Russian: Жуковка).[20][3][17][18][27][28][29][30][31]

Notes
  1. In addition to his Sistema, Renova is also a member of the Russian side of both the Russian-Saudi and Russian-Arab Business Councils.
  2. Established in 1993, the Moscow Bank for Reconstruction and Development (Russian: Московский Банк Реконструкции и Развития) became MTS Bank (Russian: МТС Банк) in February 2012.

References
  1. "Vladimir Evtushenkov: Chairman of the Board, Non-executive Director, Chairman of the Strategy Committee". Sistema website. Archived from the original on 21 January 2021. Retrieved 3 August 2021.
  2. "Совместное заседание Российско-Саудовского Делового Совета в ТПП РФ" [Joint meeting of the Russian-Saudi Business Council at the RF CCI]. russarabbc.ru (in Russian). Retrieved 3 August 2021.
  3. Auge, Louis (23 March 2022). "Russian oligarch who makes drone bombers to destroy Ukraine still not sanctioned: Evtushenko Makes Putin's Weapons. As the West looks to impose further sanctions on Russia and President Vladimir Putin's cronies more targets are being added to the "blacklist". Planes, boats and bank accounts - the prized assets of oligarchs around the world - are being squeezed tighter and tighter by a relentless America, United Kingdom, and EU. However, one billionaire appears to have slipped through - so far". EU Reporter (eureporter.co). Retrieved 31 March 2022.
  4. "Profile: Who Is the Arrested Billionaire Vladimir Yevtushenkov?". The Moscow Times. Retrieved 3 December 2015.
  5. Weaver, Courtney. "Vladimir Evtushenkov, Sistema chairman". Financial Times. ISSN 0307-1766. Retrieved 3 December 2015.
  6. "Stock Quotes & Company News". Reuters.com. Retrieved 3 December 2015.
  7. Hoffman, David (19 December 1997). "In Moscow, Business and Politics Mix". WashingtonPost.com. Archived from the original on 31 March 2022. Retrieved 3 December 2015.
  8. КОДАЧИГОВ, ВАЛЕРИЙ (KODACHIGOV, VALERY); ЗАХАРОВ, ДМИТРИЙ (ZAKHAROV, DMITRY) (24 December 2005). "Пересмотр итогов систематизации: Госдума проверит законность приватизации московской телефонной сети" [Revision of the systematization results: The State Duma will check the legality of the privatization of the Moscow telephone network]. «Коммерсантъ» №243 (in Russian). Retrieved 31 March 2022.
  9. Пашутинская, Елена (Pashutinskaya, Yelena); Литова, Екатерина (Litova, Yekaterina) (January 2018). "Банк Евтушенкова стал единым оператором городских платежей на mos.ru: Правительство Москвы перевело обслуживание платежей на портале mos.ru на единого оператора. Сервисом в 2017 году воспользовались 3 млн человек, через него прошло 30% платежей за городские услуги. Ранее платежи проводили 20 банков" [Evtushenkov's bank became the sole operator of city payments on mos.ru: The Moscow Government has transferred payment services on the mos.ru portal to a single operator. The service was used by 3 million people in 2017, and 30% of payments for city services passed through it. Previously, payments were made by 20 banks]. RBC (in Russian). Archived from the original on 25 July 2018. Retrieved 31 March 2022.
  10. "VimpelCom marks third anniversary of NYSE listing amidst record subscriber growth – VimpelCom". www.vimpelcom.com. Retrieved 2 November 2016.
  11. "Sistema's London listing is biggest Russian IPO". The Independent. 15 February 2005. Retrieved 2 November 2016.
  12. "Data Downloads". Acm-consulting.com. 9 June 2011. Retrieved 19 April 2017.
  13. TASS (30 September 2016). "Detsky Mir children's goods retailer maintains plans for IPO". Russia Beyond The Headlines. Retrieved 2 November 2016.
  14. Ellyatt, Geoff Cutmore, Holly (22 September 2016). "These are Russia's next boom industries that we're investing in: Sistema CEO". CNBC. Retrieved 2 November 2016.
  15. Fassone, Marc (28 February 2022). "SANCTIONS AGAINST RUSSIAN INTERESTS: East-West United Bank is in the clear for now". Delano (delano.lu). Archived from the original on 27 March 2022. Retrieved 26 March 2022.
  16. "Bashneft Sustainability Report 2009" (PDF).
  17. Тарасов, Сергей (Tarasov, Sergey) (5 November 2014). "Как Мокрецов подставил Мишустина под башкирский ТЭК: Арбитражный суд Москвы вынес решение, полностью удовлетворив иск Генпрокуратуры к АФК «Система», обязывающее полностью вернуть акции «Башнефти» государству. В свою очередь Следственный комитет подтвердил информацию о продлении домашнего ареста Владимиру Евтушенкову" [How Mokretsov framed Mishustin under the Bashkir fuel and energy complex: The Moscow Arbitration Court issued a decision, fully satisfying the claim of the Prosecutor General's Office against AFK Sistema, obliging the state to fully return the shares of Bashneft to the state. In turn, the Investigative Committee confirmed the information about the extension of house arrest to Vladimir Yevtushenkov.]. Век (wek.ru) (in Russian). Retrieved 31 March 2022.
  18. "При обыске у Евтушенкова нашли план действий на случай ареста: Однако адвокат бизнесмена уверяет, что это всего лишь план сделки по покупке акций «Башнефти»" [During a search, Yevtushenkov found a plan of action in case of arrest: However, the businessman's lawyer assures that this is just a plan for a deal to buy Bashneft shares.]. Life.ru (lifenews.ru) (in Russian). 26 September 2014. Archived from the original on 26 September 2014. Retrieved 31 March 2022.
  19. http://www.sistema.com/fileadmin/user_upload/results_disclosure/sistema_ar15_eng_shortversion_web.pdf
  20. "The World's Billionaires: Vladimir Yevtushenkov". Forbes. Retrieved 27 November 2018.
  21. "Sistema's Chairman, Vladimir Yevtushenkov, Under House Arrest – ROGTEC". ROGTEC. 17 September 2014. Retrieved 2 November 2016.
  22. "Sistema Wins $1.1 Billion Claim Against Seller of Bashneft". Bloomberg.com. Retrieved 2 November 2016.
  23. "Criminal case against Vladimir Evtushenkov dropped – RNS – London Stock Exchange". www.londonstockexchange.com. Retrieved 2 November 2016.
  24. "Russian Oligarch Yevtushenkov Cleared of Charges in Bashneft Case". Retrieved 2 November 2016.
  25. Strohecker, Karin (25 February 2022). "Explainer: How Western sanctions target Russia". Reuters. Retrieved 26 March 2022.
  26. Autonomous Sanctions (Designated Persons and Entities and Declared Persons—Russia and Ukraine) Amendment (No. 11) Instrument 2022 (7 April 2022).
  27. Команда «Проекта» (Project team) (6 February 2020). "ШОССЕ В НИКУДА: Путеводитель по Рублевке, главной дороге России" [HIGHWAY TO NOWHERE: Guide to Rublyovka, the main road in Russia]. Proekt (proekt.media) (in Russian). Retrieved 31 March 2022.
  28. Команда «Проекта» (Project team) (6 February 2020). "Карта Рубловки от "ШОССЕ В НИКУДА: Путеводитель по Рублевке, главной дороге России"" [Map of Rublovka from "HIGHWAY TO NOWHERE: Guide to Rublyovka, the main road in Russia"]. Proekt (proekt.media) (in Russian). Retrieved 31 March 2022.
  29. "Владимир Евтушенков: Основной владелец «АФК Система»" [Vladimir Yevtushenkov: The main owner of AFK Sistema]. Proekt (proekt.media) (in Russian). 6 February 2020. Retrieved 31 March 2022.
  30. "Наталья Евтушенкова: Жена Владимира Евтушенкова, бывший член совета директоров МТС" [Natalya Yevtushenkova: Wife of Vladimir Yevtushenkov, former member of the board of directors of MTS]. Proekt (proekt.media) (in Russian). 6 February 2020. Retrieved 31 March 2022.
  31. "Компания, связанная с Владимиром Евтушенковым: Владелец участка — компания «Лесные активы», бенефициар — Владимир Евтушенков" [Company associated with Vladimir Yevtushenkov: The owner of the site is the Forest Assets company, the beneficiary is Vladimir Yevtushenkov]. Proekt (proekt.media) (in Russian). 6 February 2020. Retrieved 31 March 2022.
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