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

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Photo: Stacey Zinoveva, Unsplash License, via Unsplash

Sanctions status — checked 4 August 2026

Not found on the OFAC SDN, UK OFSI or EU consolidated lists.

Absence from these three lists does not mean no restrictions apply elsewhere. Checked against the OFAC SDN list, the UK OFSI consolidated list and the EU consolidated list. Sanctions lists change without notice — verify against the primary source before relying on this.

Current figure: Forbes puts Radik Shaimiev’s net worth at $1.8 billion as of 8 August 2026 (Forbes profile). Older figures further down this page date from 2022 and are kept only where they are explicitly tied to a year. Estimates are revised continuously and Forbes and Bloomberg frequently disagree.

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 petrochemical company SIBUR. He also races rally cars and was appointed president of the football club Rubin Kazan in 2017. Canada sanctioned him in June 2025.

  • Born: 14 November 1964 in Tatarstan (Realnoe Vremya)
  • Education: Kazan Civil Engineering Institute (Forbes)
  • Known for: co-owner of the former TAIF group, general director of Nira-Export
  • Sanctions as of October 2026: Canada (since June 2025), Ukraine (since October 2022); not listed by the United States, the United Kingdom or the European Union

Career

Shaimiev studied civil engineering at the Kazan Civil Engineering Institute. According to his profile in the Kazan newspaper Business Online, he worked as an engineer at the Kazgrazhdanproekt design institute from 1989 to 1990. From 1990 to 1992 he was deputy director for commercial affairs at a foreign trade centre in Kazan. Since 1992 he has been general director of the company Nira-Export. From 1996 he was chief adviser to TAIF’s general director (Business Online). In March 2026 Business Online still described him as general director of Nira-Export (Business Online, 10 March 2026).

His father, Mintimer Shaimiev, was president of Tatarstan from 1991 to 2010 (Lenta.ru). His elder brother Airat heads the state road company Tatavtodor (Kommersant). Radik Shaimiev himself has not held political office. Neither of the two career profiles we checked lists a seat in parliament or a government post, and he does not appear on the current official list of members of Russia’s Security Council (Business Online, Realnoe Vremya, Kremlin).

TAIF and SIBUR

TAIF was registered in August 1995 (TAIF). Its founders were the Republic of Tatarstan and the US company NKS Trading Inc. (Realnoe Vremya). The group grew to include the Nizhnekamskneftekhim and Kazanorgsintez petrochemical plants and the power company TGK-16. Kommersant reported that Radik Shaimiev owned 11.97 percent of TAIF JSC at the start of 2016. TAIF is also the main sponsor of Rubin Kazan, and Shaimiev became the club’s president on 31 May 2017 (Kommersant, Lenta.ru).

In 2021 TAIF merged with SIBUR. On 4 October 2021 SIBUR Holding received 100 percent of TAIF JSC. In return, TAIF’s eight owners, among them Radik Shaimiev, received a combined 15 percent of SIBUR Holding and SIBUR bonds (Kommersant, Hydrocarbon Processing). Kommersant reported in April 2024 that none of the former TAIF owners held more than 5 percent of SIBUR Holding (Kommersant).

Sanctions

CountryListedStatus in October 2026
Canada13 June 2025Listed (Canada’s consolidated autonomous sanctions list)
Ukraine19 October 2022Listed for ten years (Presidential Decree No. 727/2022)
United StatesnoNot listed (OFAC SDN list)
United KingdomnoNot listed (UK sanctions list)
European UnionnoNot listed (EU consolidated list)

Canada added Radik Shaimiev to its Russia sanctions regulations with a regulation registered on 13 June 2025, which took effect the same day. His brother Airat was listed in the same regulation (Canada Gazette, SOR/2025-141). The government announced the package on 17 June 2025 as part of sanctions on 77 individuals and 39 entities (Global Affairs Canada). The regulation gives no individual reason. It describes the 45 people it adds as including senior officials, members of Putin’s family and inner circle or Russian elite, and oligarchs. His father Mintimer Shaimiev was listed in a parallel regulation, whose stated aim was to sanction industrialists and officials “as well as their families” (Canada Gazette, SOR/2025-142).

We checked the US, UK and Canadian lists on 6 October 2026 and the EU list as of 22 September 2026. Of these four lists, only Canada’s names Radik Shaimiev. The United Kingdom has sanctioned his brother Airat since November 2022, but not him. Ukraine has also sanctioned Radik Shaimiev: the annex to Presidential Decree No. 727/2022 of 19 October 2022 lists him with his date of birth and sets the measures, including the blocking of assets, for ten years. It gives no reasons (Decree No. 727/2022). The same annex also lists his brother Airat.

Motorsport

Shaimiev won the European autocross championship in 2003 (Lenta.ru, Forbes). He still drives in rallies for the team TAIF Motorsport. In March 2025 he and his co-driver won a round of the Russian Rally Cup in Karelia (Realnoe Vremya).

About this profile

This profile was rewritten in October 2026. An earlier version from 2022 attributed political offices to Radik Shaimiev that he never held and confused him with his father. It also contained statements about his career, his hobbies and TAIF for which we found no source. These statements have been removed. The net worth figure in the box at the top of this page comes from Forbes and carries its date.

Sources

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