Gennady Timchenko



Gennady Nikolayevich Timchenko (born 1952) is a Russian businessman and billionaire. He founded and owns the private investment group, Volga Group, which specializes in investments in energy, transport and infrastructure assets. Previously he was a co-owner of Gunvor Group. In 2014, Timchenko was ranked 62nd on the Forbes magazine billionaires list, with an estimated fortune of $15.3 billion USD. He is known for being the Chairman of the Board of Directors of the Kontinental Hockey League, and President of the SKA (St. Petersburg) ice hockey club. He is a citizen of Russia, Finland and Armenia.

Gennady Timchenko also has stakes in various Russian businesses including gas company Novatek, petrochemichal producer Sibur Holding, railway operator Transoil and construction firm STG Group. Considered one of the most powerful people in Russia, he has close ties to President Vladimir Putin and, as a result, faced U. S. sanctions in 2014 in response to Russia's intervention in Crimea and eastern Ukraine. 
 

Putin's Friends' Gas Business Has Become Toxic

Business●27.09.2024

India has refused to buy gas from the sanctioned Arctic LNG 2 project.

Sanctions for Russian oligarchs in Europe remain in place

Business●11.09.2024

Gennady Timchenko, German Khan, Petr Aven and Mikhail Fridman are still required to report every euro in their accounts.

Leonid Mikhelson and Gennady Timchenko choked on gas

Business●02.04.2024

Novatek has sharply reduced gas production at the Arctic LNG 2 project due to the lack of gas carriers.

The Kremlin mafia's common fund is filling up in Vienna

Business●21.03.2024

The company of “Putin’s friends” easily earns billions of euros from Austria.

Leonid Mikhelson and Gennady Timchenko emitted liquefied gas

Business●21.02.2024

The projects of their company Novatek, including the newest Arctic LNG-2, were left without gas carriers for years to come due to the war against Ukraine and US sanctions.

Finland can get rid of criminal Russian oligarchs

Governance●28.11.2023

A new package of EU sanctions against Russia will allow the Helsinki Hall arena in Helsinki to be seized at half price from the odious oligarchs Arkady and Boris Rotenberg, as well as Gennady Timchenko.

Vladimir Putin's eighth yacht was found

Governance●23.11.2023

Gennady Timchenko paid for the construction of "Victoria", as well as the arrested "Scheherazade".

Russian oligarchs Mikhelson, Gutseriev, Timchenko and Deripaska finance the war against Ukraine

Governance●01.08.2023

Oleg Deripaska, Leonid Mikhelson, Sergei Gordeev, Mikhail Gutseriev and other businessmen hire volunteers who go to war against Ukraine. At the same time, their companies, through which all this is done - Rusal, Novatek, PIK, Mospromstroy - happily avoid Western sanctions.

Vagit Alekperov earned the most

Business●10.07.2023

Vagit Alekperov topped the ranking of the richest Russians in terms of dividends for 2022.

Partners flee from oligarch Timchenko

Business●26.04.2022

They are selling their shares in a joint agricultural business.

The yachts of Timchenko and Mordashov were arrested in Italy

Business●05.03.2022

The Italian authorities reported that they had begun blocking the assets of Russian businessmen who fell under EU sanctions. The yacht, owned by Mordashov, stood in the city of Imperia, Timchenko - in San Remo.

Hot Finnish guys Katenev and Timchenko

Society●11.11.2020

We continue to talk about “foreign agents” within the government, who are fighting in words with foreign influence on Russian politics, but in fact are buying real estate in Europe. This time it's about Finland.

Melnichenko helps Belgium, Abramovich helps Great Britain: Russian oligarchs selectively donate to fight COVID-19

Business●02.04.2020

Russian billionaires are in no hurry to follow the example of the Potanin Foundation and Alfa Group, which have posted large sums to fight the coronavirus. It seems that only Renova is parting with millions of dollars to save citizens.

"Power of Siberia" hit coronavirus

Business●12.03.2020

In March, the Power of Siberia gas pipeline export to China will be stopped for equipment prevention. Only three months have passed since its launch.

Unknown billionaire: what the nephew of Vladimir Putin hides from the public

Society●20.11.2019

Portrait of Mikhail Shelomov, nephew of the president, owner of a billion dollars and a toilet in the yard

Resident investor: what friend of Vladimir Putin invests in

Business●23.09.2019

Former German intelligence officer Matthias Warnig not only helps projects of Russian state-owned companies, but also owns his own investment business.

Billionaire Timchenko took second place in the list of richest Russians

Business●12.09.2019

The businessman and friend of Vladimir Putin, Gennady Timchenko, with $ 22.1 billion among the richest Russians, is second only to his Novatek and Sibur partner Leonid Mikhelson.

Arkady Rotenberg and Gennady Timchenko will share with Gazprom the most expensive

Business●29.03.2019

Gazprom negotiates the purchase of recipients of multi-billion dollar contracts for the construction of gas pipelines and the Crimean Bridge - Stroygazmontazh and Stroytransneftegaz. This should help the monopoly reduce sanction risks.

The wealthiest: Leonid Mikhelson, Vagit Alekperov, Gennady Timchenko

Business●06.03.2019

Oil industry workers, gas producers and metallurgists are the most successful businessmen in the Forbes list of the richest people. But there are exceptions.

Kirill Shamalov missed up to a billion

Business●06.03.2019

The fortune of Kirill Shamalov, whom the media called Vladimir Putin’s son-in-law, was $ 950 million. In 2017, he sold 17% of Sibur below the market.

Gennady Timchenko will disfigure St. Petersburg with a bandaged glass jar

Business●09.11.2018

Friends of Vladimir Putin will earn billions on a new construction site in St. Petersburg.

Partnership with God: why Mikhelson and Timchenko get richer

Business●20.09.2018

Mega projects of Novatek, which would not have been possible without the partnership of Leonid Mikhelson and Gennady Timchenko, can make them the richest people in Russia - with a big gap from competitors in the Forbes rating.

Fishermen demanded from the government to stop lobbying the business of Gleb Frank and Gennady Timchenko

Business●12.09.2018

The principle of replacing historical quotas for catching crab at auctions will lead to bankruptcies of many fishing companies in Russia. But it will allow the Russian fishing company Gleb Frank to gain a foothold in this niche.

Leonid Mikhelson and Gennady Timchenko suddenly became richer

Business●07.09.2018

Both oligarchs increased their fortunes by 1.4 billion dollars due to the growth of Novatek shares.

Stroytransgaz will build a port in Gelendzhik without a tender

Business●22.08.2018

The company was identified as the only contractor for state contracts for construction.

Timchenko transferred 19% of NOVATEK to a new company

Business●12.07.2018

Out of 23.49% of the shares of the gas company owned by him, he transferred 19.16% to the dummy company "Ena Invest". Perhaps for the purpose of further sale or collateral. Now such a package is estimated at 500 billion rubles.

Gennady Timchenko will build a hotel for $ 90 million in Syria

Business●08.07.2018

The Russian oligarch took up the restoration of the tourist cluster of the Arab economy. Prior to that, he was involved in it with gas and phosphate projects.

Gennady Timchenko will expand the roads in Zhukovsky for 6.6 billion rubles

Business●03.07.2018

The company "Stroytransgaz" Gennady Timchenko received a contract for the reconstruction of the road in the Moscow region of Zhukovsky.

Previous articles