Oligarch Profiles

Saint Basil's Cathedral and Red Square, Moscow, at dusk

Andrei Kosogov: Alfa Group Partner, LetterOne Co-Founder and the Sanctions Against Him

Andrei Kosogov is a Russian financier who has worked in the Alfa Group since 1992. He was a senior manager of Alfa-Bank and one of the five founders of the investment company LetterOne. After the European Union sanctioned his partners Mikhail Fridman and Petr Aven in 2022, he left LetterOne’s board and became the largest

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Oil pumpjacks in the snow near Nizhnekamsk, Tatarstan

Airat Shaimiev: Head of Tatavtodor, Former TAIF Co-Owner and the Sanctions

Airat Shaimiev is a businessman from Tatarstan and the elder son of Mintimer Shaimiev, the republic’s first president. Since 2008 he has run Tatavtodor, the state-owned road building company of Tatarstan. Until 2021 he was one of the owners of the TAIF group, whose refining and petrochemical business was merged into Sibur that year. We

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Derelict building with large Cyrillic lettering

Radik Shaimiev: TAIF Co-Owner, Rally Driver and Canada’s Sanctions

Radik Shaimiev is a businessman from Tatarstan and the younger son of Mintimer Shaimiev, the republic’s first president. He was one of the owners of TAIF, a Kazan-based holding company with oil refining, petrochemical and energy assets. In 2021 he and the other TAIF owners exchanged control of the group for a stake in the

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Pylons of a 750 kV high-voltage power line

Samvel Karapetyan: Tashir Group Founder, on Trial in Armenia

Samvel Karapetyan is a Russian-Armenian businessman who founded and owns the Tashir Group, a Moscow-based property, construction, energy and finance group. Until 2025 his group also ran Armenia’s electricity distributor, Electric Networks of Armenia. In June 2025 he was arrested in Armenia. He has been on trial there since April 2026 and denies the charges.

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Russian flag on a flagpole against a blue sky

Sergei Kolesnikov: TechnoNICOL Co-Founder and the Polish Sanctions Against Him

Sergei Kolesnikov is a Russian entrepreneur and the co-owner of TechnoNICOL, a producer of roofing, waterproofing and insulation materials that he founded in 1992 with his university friend Igor Rybakov. He runs the company’s production business. He is not on the US, UK, EU, Canadian or Swiss sanctions lists. Poland put him on its national

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Empty railway station platform hall with a clock

Farkhad Akhmedov: Northgas, the London Divorce Case and the Sanctions Lifted in Europe

Farkhad Akhmedov is a Russian and Azerbaijani businessman who made his fortune in the gas sector. He founded the equipment supplier Tansley Trading in 1987 and held 49 percent of the gas producer Northgas until he sold the stake to Novatek in 2012. From 2004 to 2009 he sat in Russia’s Federation Council. In London

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Ornate palace gates with double-headed eagles beneath a Russian flag

Andrey Melnichenko: Founder of EuroChem and SUEK, the Sanctions and His Court Cases

Andrey Melnichenko founded the fertiliser producer EuroChem and the coal company SUEK. On 9 March 2022, the day the European Union sanctioned him, he left both companies’ boards and withdrew as their beneficiary. Since then his wife Aleksandra has been the beneficiary of the trust that holds the stakes. Nine jurisdictions have sanctioned him, including

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