Yury Kovalchuk

Yury Kovalchuk
Born Yury Valentinovich Kovalchuk
(1951-07-25) 25 July 1951
Leningrad, Soviet Union (now St Petersburg, Russia)
Occupation Chairman and largest shareholder, Rossiya Bank
Known for "Putin's personal banker"
Net worth $1.9 billion
Relatives Mikhail Kovalchuk (brother)

Yury Valentinovich Kovalchuk (Russian: Юрий Валентинович Ковальчук, born 25 July 1951) is a Russian billionaire businessman and financier who is "reputed to be Vladimir Putin's personal banker".[1] The May 2008 issue of Russian Forbes listed him for the first time in its Golden Hundred of Russia's richest, calling him and another new entrant to the List, Gennady Timchenko, "good acqaintances of Vladimir Putin."[2] The magazine placed him at number 53 on the Russians-only list, with an estimated fortune of $1.9 billion.

From 1987 to 1991 he was the first deputy director of Ioffe Physico-Technical Institute. Since 2004 he has been chair of Rossiya Bank and its largest shareholder.[3][4][5]

Since the early 1990s Kovalchuk has owned a dacha in Solovyovka in the Priozersky District of the Leningrad region, located on the eastern shore of the Komsomolskoye lake on the Karelian Isthmus near St. Petersburg. His neighbours there are Vladimir Putin, Vladimir Yakunin, Andrei Fursenko, Sergey Fursenko, Viktor Myachin, Vladimir Smirnov and Nikolay Shamalov. Together they instituted the co-operative society Ozero (the Lake) which united their properties on 10 November 1996.[6][7]

His elder brother Mikhail Kovalchuk is the scientific secretary of the Council for Science and High Technologies attached to the president of the Russian Federation.

Sanctions

Kovalchuk was one of several individuals sanctioned by the U.S. Treasury Department on March 20, 2014 in response to the 2014 Crimean crisis. According to the U.S. Treasury, Kovalchuk is a close advisor to President Putin and has been referred to as one of his “cashiers.”[8][9][10][11][12][13]

References and notes

  1. ↑ "Russians make leap forward on global billionaires' list". Radio Liberty. 7 March 2008. Retrieved 2008-05-10.
  2. ↑ Kremlin-linked tycoon eyes Russia media firm-report reuters.com 23 April 2008.
  3. ↑ Anna Shcherbakova. Interview with Mikhail Klishin, Director general of the Russia Bank. Vedomosti #35(1316), 1 March 2005. (in Russian)
  4. ↑ The Origin of Putin's Oligarchy Archived December 22, 2007, at the Wayback Machine. by Vladimir Pribylovsky. Ms., 11 October 2005. (in Russian)
  5. ↑ The Russia Bank, Stockmap.spb.ru
  6. ↑ How the 1980s Explains Vladimir Putin. The Ozero group. By Fiona Hill & Clifford G. Gaddy, The Atlantic, February 14, 2013
  7. ↑ Владимир Прибыловский, Юрий Фельштинский. Операция "Наследник". Главы из книги. Штрихи к политическому портрету В. В. Путина
  8. ↑ "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine". The White House - Office of the Press Secretary.
  9. ↑ www.treasury.gov
  10. ↑ Specially Designated Nationals List (SDN)
  11. ↑ "Treasury Sanctions Russian Officials, Members Of The Russian Leadership's Inner Circle, And An Entity For Involvement In The Situation In Ukraine". United States Treasury Department. 2014-03-20. Retrieved 2014-03-20.
  12. ↑ Shuklin, Peter (March 21, 2014). "Putin's inner circle: who got in a new list of US sanctions". liga.net. Retrieved February 20, 2016.
  13. ↑ President of The United States (March 19, 2016). "Ukraine EO13661" (PDF). Federal Register. Retrieved February 20, 2016.

See also

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