Gennady Timchenko

Gennady Timchenko

Gennady Nikolayevich Timchenko (also spelled Guennadi Timtchenko; _ru. Геннадий Николаевич Тимченко) is a prominent Russian businessman, citizen of both Russia and Finland [ [ Kremlin favourite Gennadi Timchenko is Finnish citizen] by Pekka Hakala Helsingin Sanomat Feb 17 2004.] , currently living in Geneva, Switzerland. The May 2008 issue of Russian Forbes listed him for the first time in its "Golden Hundred" of Russia's richest and introduced him and another new entrant to the "List" Yuriy Kovalchuk as "good acqaintances of Vladimir Putin." [ [ Kremlin-linked tycoon eyes Russia media firm-report] Apr 23, 2008.] The magazine placed him at number 43 (Russians only list) with estimated fortune of $2.5 billion USD. In May 2008, he publicly maintained that his "career of more than 20 years in the oil industry has not been built on favours or political connections". [ [ Gunvor, Putin and me: the truth about Russian oil trader] ,, May 22, 2008]

He served in the First Chief Directorate of KGB (Foreign intelligence).cite web|url=|title=Кому кто повезет|publisher=Russian Newsweek|date=January 15, 2007|accessdate=2008-05-10] In 1987 – 1994 he led the state-owned Kirishineftekhimexport enterprise.

He is also believed to have full control over Swiss oil trading company Gunvor Services SA. According to the interview with the managing director of Gunvor Torbjörn Törnqvist they share 50-50 ownership of the company. Timchenko's fortune was estimated by market analysts at between 9.5 and 14.4 billion dollars. [cite web|url=|title=Миллиардер Тимченко|publisher=RBK Daily|date=November 1, 2007|accessdate=2008-05-10]

In February 2004, Ivan Rybkin, a contender running for the Russian presidency, former speaker of the State Duma and former member of the Security Council of the Russian Federation, claimed that incumbent Russian President Vladimir Putin was involved in shady business activities together with Timchenko, and that Timchenko effectively had control over Russian oil giant Surgutneftegaz. [cite web|url=|title='In this context, you can't really be a journalist'|publisher=Radio Liberty|date=February 13, 2004|accessdate=2008-05-10] It was later alleged that Putin controlled thirty seven percent share of Surgutneftegaz. [cite web
last =Quiring
first =Von Manfred
title = Warum Putin gar nicht Präsident bleiben will
work =
publisher =Die Welt
date = 12 November 2007
url =
accessdate = 2007-12-04

References and notes

External links

* [ Friends in high places?] By Catherine Belton and Neil Buckley, Financial Times, May 15 2008
* [ Кому кто повезет] by Игорь Прокопьев, Елена Вранцева, Андрей Деменков. Russian Newsweek, #3 (129), January 152007.
* [ Biography] by Vladimir Pribylovsky (in Russian).
* [ Les bonnes affaires de Guennadi Timtchenko] fr icon

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Gennady Timchenko — Gennady Nikolayevich Timchenko (ou Guennadi Timtchenko, en Russe : Геннадий Николаевич Тимченко) est un homme d affaires finlandais[1], spécialisé dans le trading pétrolier et le commerce de l’énergie. Il vit actuellement à Genève, en Suisse …   Wikipédia en Français

  • Gennady — (also spelled Gennadi, Hennadiy, Gennadiy ) is a Russian given name. It is the Russian form of the name Gennadius. It can refer to:*Gennady (Archbishop of Novgorod)*Gennadi Karponossov *Gennadiy Tsygankov *Gennady Altman *Gennady Bachinsky… …   Wikipedia

  • Gunvor (company) — Gunvor Group Ltd Type Private Industry Energy Founded 1997 Founder(s) Gennady Timchenko Torbjörn Törnqvist …   Wikipedia

  • Gunvor — International BV Création 1997 Fondateurs Gennady Timchenko, Torbjörn Törnqvist Personnages clés Gennady Timchenko, Torbjörn Törnqvist …   Wikipédia en Français

  • Тимченко, Геннадий — Совладелец группы компаний Gunvor и венчурной компании Volga Resources Совладелец группы компаний Gunvor, одного из крупнейших посредников по продаже нефти в мире, и венчурной компании Volga Resources. Председатель совета директоров компании… …   Энциклопедия ньюсмейкеров

  • Novatek — Type Public Traded as RTS:NVTK MICEX …   Wikipedia

  • KiNEx — (Kirishineftekhimexport, Russian acronym for Kirishi petroleum chemical export ) is a Russian joint stock company, subsidiary of Surgutneftegaz specializing in wholesale crude and refined oil trading, especially of the refined oil production of… …   Wikipedia

  • Political groups during Vladimir Putin's presidency — At the very beginning of his presidency, Vladimir Putin announced that he was going to consolidate political powers in Russia into the so called power vertical. However, despite being considered successful by many, this controversial endeavour… …   Wikipedia

  • Gunvor (Unternehmen) — Gunvor Group Ltd Rechtsform Besloten Vennootschap (B.V.) Gründung 1997 Sitz Amsterdam, Niederlande Mitarbeiter Gennady Timchenko, Torbjorn Tornqvist Umsatz …   Deutsch Wikipedia

  • Anders Åslund — (pronounced|andəʂ oːslʉnd) (born 1952) is a Swedish economist and expert on economic transition from centrally planned to market economies. Åslund served as an economic adviser to the governments of Russia and Ukraine and from 2003 was director… …   Wikipedia