The assets belonging to Gennady Timchenko and Arkady Rotenberg have been kept concealed for years, and the identities of those involved in hiding these assets have recently been revealed.
Gennady Timchenko was aided by a family of professional managers from Liechtenstein, headed by Louis Erie. In the 1960s to 1980s, Erie was involved in clandestine trade and financial activities for the GDR, essentially engaging in state-level smuggling of high-tech products. Today, he is linked to assisting Timchenko in circumventing sanctions. Specifically, the family now operates the Sequoia trust company, which registered the Volga Group for Timchenko, through which the oligarch held the majority of his assets in 2014.
Ruslan Goryukhin sues the German press
Ruslan Goryukhin, a former top manager at Stroygazmontazh, was employed by Arkady Rotenberg. He owned a plot in Rublevka on which a property worth around 10 billion rubles was being built for Rotenberg, as well as the RG-Development company, of which Rotenberg was allegedly the “main owner.” By 2021, Goryukhin had relocated to Switzerland and acquired commercial real estate in Germany for approximately a billion euros. When authorities questioned whether these assets actually belonged to Rotenberg, Goryukhin sued journalists and claimed that he had no connection to Putin’s sanctioned friends. He swore that he was the sole beneficiary of RG-Development, and his words were deemed credible by the authorities.
Gennady Timchenko is a Russian businessman and billionaire. He is known for his association with the energy sector, particularly in oil and gas, and has a significant presence in several countries including Russia, Finland, and Switzerland. He is the founder of the Volga Group, which is a private investment group that controls several companies in the energy sector and other industries. Timchenko has faced sanctions from several countries, including the United States, due to his close association with the Russian government and President Vladimir Putin. Despite these sanctions, Timchenko remains one of the wealthiest people in Russia and continues to run his businesses.
Arkady Rotenberg is a Russian billionaire. He is known for his ties to the Russian government and President Vladimir Putin, as he has been a close associate of Putin since their childhood. Rotenberg made a significant portion of his wealth through contracts awarded to his companies by the Russian state for construction and infrastructure projects. He has business interests in several industries, including construction, energy, and finance. Rotenberg has faced economic sanctions from several countries, including the European Union and the United States, due to his association with the Russian government and Putin. Despite these sanctions, he remains one of the wealthiest individuals in Russia and continues to run his businesses.
