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Bortnikov Alexander Vasilyevich, Russian FSB Director

Chaika Yuri Yakovlevich, General Prosecutor

Fradkov Mikhail Efimovich, Foreign Intelligence Service Director

Fursenko Andrei Alexandrovich, Minister of Education and Science

Ivanov Victor Petrovich, head of Federal Drug Control Service

Ivanov Sergei Borisovich, Deputy Chairman of RF Government

Khristenko Victor Borisovich, Minister of Industry and Trade and Golikova Tatyana, Minister of Health and Social Development

Kudrin Alexei Leonidovich, ex-Minister of Finance

Levitin Igor Yevgenievich, Minister of Transport and Communication

Murov Evgeny Alexeyevich, Federal Protective Service director

Mutko Vitaly Leontievich, Minister of Sports, Tourism and Youth Policy

Nabiullina Elvira Sahipzadovna, Minister of Economic Development

Patrushev Nikolai Platonovich, Security Council Secretary

Serdyukov Anatoly Eduardovich, Defense Minister

Shoigu Sergei Kuzhugetovich, Minister of Civil Defense, Emergency Situations and Disaster Relief

Shuvalov Igor Ivanovich, Governmentĺs First Deputy Chairman

Skrynnik Elena Borisovna, Minister of Agriculture

Stepashin Sergei Vladimirovich, Accounts Chamber Chairman

Trutnev Yuri Petrovich, Minister of Natural Resources and Ecology

Zhukov Alexander Dmitrievich, Deputy RF Prime Minister

Zubkov Victor Alekseyevich, First Deputy RF Prime Minister





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źRussia's Power Families - 2011╗ / Shuvalov Igor Ivanovich, Governmentĺs First Deputy Chairman

Employed at: Government of the Russian Federation

Positions held: Since 2008 – RF Government’s First Deputy Chairman

Business involvement: From 1993 to 1997, Shuvalov worked for ALM Consulting law firm, co-owned by Alexander Mamut. In May 1995, Shuvalov co-founded Stalker OJSC (wholesale trade), in August [1995] – Fanteim OJSC (realtors), in October 1996 – Rando CJSC (consumer goods manufacture and sale), and in December 1996 – ORT KB CJSC (ORT OJSC shareholder bank capital). ORT KB, founded by five companies registered in Cyprus and Latvia, currently holds 38% of Channel One OJSC. In February 2006, Fanteim was struck from the Consolidated State Registry of Companies.

Shuvalov’s 2008 declared income was 4.76 Mln. Rub., and he owned two 800-m2 land lots, one of which was co-owned by his wife. The Shuvalovs also owned seven cars (including a Jaguar, three Mercedes-Benz automobiles, and a ZIL limousine).

The following year (2009), Shuvalov and his wife bought a 108.9 m2 apartment. The 2009 income tax return also showed two land lots totaling 4,000 m2 which Shuvalov may use for free for 5 years. There is also foreign real estate: a leased 1,479.84 m2 residential home in Austria and a rented 424 m2 apartment in London. Shuvalov’s 2009 declared income was 6.5 Mln. Rub.

According The New Times magazine, a petitioner can expect to pay $150,000 for a meeting with Deputy Prime Minister Shuvalov. 

 

Property redistribution involvement: Igor Shuvalov was mentioned in the press in connection with the RIGroup Holding Company asset scandal. RIGroup was owned by Janna Bullock and was involved in suburban Moscow real estate. Bullock’s husband Alexei Kuznetzov (former Moscow Region finance minister who fled Russia) said that “company assets were transferred to Andrei Pashkovsky-run ORSI LLC in 2007-2009.” Estimated total value of property that changed ownership may have been over $1 Bln. Kuznetzov said that during the ownership and asset management change process Pashkovsky called himself “Shuvalov’s assistant.” According to the press, Deputy Prime Minister Shuvalov became involved in this business transaction through Arkady Rotenberg, Prime Minister Vladimir Putin’s judo trainer. The press said that “Rotenberg put A.V. Pashkovsky and I.I. Shuvalov in touch in September 2008”. Pashkovsky denies this. According to Interfax-SPARK[1], ORSI LLC is affiliated with Severny Morskoi Put’ (Northern Sea Route) commercial bank, whose primary shareholders are the Rotenberg brothers Arkady and Boris.

Family


Wife Olga Victorovna Shuvalova, businesswoman. According to her 2008-09 tax returns, Olga Shuvalova is the richest spouse of any Russian government official. Her official 2008 income was over 364 Mln. Rub., or around 1 Mln. Rub. per day. In 2009, her income almost doubled to 642 Mln. Rub. Olga Shuvalova had previously interned as court clerk, then attended Moscow State University’s law school, where she met her future spouse. After graduating in 1993 with a major in civil law, she was assigned to work at the Academy of Sciences’ Public Law Institute. In 2002, Shuvalova worked for Alexander Mamut-controlled ALM-Feldmans.

According to SPARK, as of May 2004, Shuvalova was the 100% owner of Arbatower LLC (wholesale trade and financial intermediation) with an authorized capital of 5 Mln. Rub. Arbatower has now been dissolved, but according to government cadastral appraisal of Moscow Region land, Arbatower owned a 76,300 m2 land lot in Odintzovsky District. Also registered in Odintzovsky District is a non-profit partnership founded by Arbatower. The Partnership is involved in residential home operation and provision of public amenities in the area adjoining Zarechye-4.

Shuvalov’s country home is also located in Zarechye. According to SPARK, as of March 2010, Olga Shuvalova was a 50% owner of Zarechye Development LLC, with the other 50% controlled by Vartan Galustyan. In the 1990s, Galustyan was Olby Corporate Group’s CFO. Zarechye Development owns land in Odintzovsky District’s Zarechye settlement adjoining the Moscow Beltway. Zarechye is home to the Skolkovo Business School, and Russia’s “Silicon Valley” construction is planned there as well. According to Slon.ru, Zarechye Development owns over 250 ha. near Skolkovo. 

Prior to the [financial] crisis, this land was owned by Roman Abramovich’s Norteco Development Company. Abramovich gifted a small part of his property to Skolkovo. Norteco had bought 607 ha. of Zarechye state farm lands in the early 2000s. The land was intended to be used to build a business center by 2007. In December 2008, the company filed a tax dispute suit with the Moscow Region Arbitration Court. The court decision specified that Roman Abramovich’s Norteco Development LLC’s successor was Zarechye Development LLC, owned by Shuvalova and Galustyan. The new owners revived Abramovich’s project, deciding to build a shopping center and a cottage settlement in addition to the business center. The cottage settlement was planned to span 20.8 ha. The project was approved by the city planning council, and public hearings were held. 

On June 7, 2010, the Skolkovo Innovation Center working group lead Victor Vekselberg wrote to Igor Shuvalov requesting another 103 ha. for Skolkovo “through purchase, exchange or other means.” In his letter, Vekselberg cited assessments by foreign city planning experts retained by the [Skolkovo] Foundation. The experts said that the 375 ha. land lot earmarked for Skolkovo “does not meet the technical and economic indicators approved for this project by either its configuration, its borders, or its size.”  

Several October 2010 Moscow Region government decisions (in particular, Nos. 885/48 and 886/48) identified land to be appropriated for government purposes and for Skolkovo infrastructure construction, including six lots totaling 7,199 m2 owned by Zarechye Development LLC. The owner had intended to use of the two lots (1,972 m2) for residential construction, and four lots (5227 m2) for a civic, shopping and automobile service complex. Also subject to appropriation were three home sites totaling 297 m2; the homes are serviced by Zarechye-4 non-profit partnership.

On November 12, 2010, the Moscow Region Ministry for Property Relations solicited bids for the government contract to assess the value of this land (see the solicitation at www.gz-mo.ru,  Notice No. 22), noting that the assessment was to be done at market value, while the purchase price should reflect loss of expected profit and various other losses the owner [would] incur.  

On November 25, 2010, the bids were evaluated, and the Skolkovo land assessment award went to Azira Company Group LLC. Azira was to complete the assessment in 17 days for just 18,400 Rub. Interestingly, four other companies submitted bids, but Azira’s offer was the cheapest. The assessment was to be done in December 2010, yet to this day there is no information regarding this in publicly available sources, and it is unknown whether the state purchased the land from Olga Shuvalova’s companies. 

Experts believe land values in the area reach $1.5 – 3 Mln. per ha. On October 12, 2010 (two days prior to the Moscow Regional government decision to appropriate land from Olga Shuvalova’s companies), Igor Shuvalov said his wife does not own land in suburban Moscow’s Skolkovo: “My wife owns nothing there and has no business there.” So either the Consolidated State Registry of Companies (which shows the RF government’s First Deputy Chairman’s wife as owning Zarechye Development LLC) is not telling the truth, or Shuvalov himself is mistaken. 

Igor Shuvalov also noted that, prior to entering government service in 1997, he set up a family foundation and put it in his wife’s name, and that Olga Shuvalova’s main income is from managing this foundation. However, no information was found regarding Shuvalova owning any foundation in Russia – perhaps the foundation was registered abroad.

 

 

Olga Shuvalova’s partners

Zarechye Development’s general director is Yekaterina Muratidis. Prior to early 2009, Muratidis headed Skolkovskiye Dachi [Skolkovo Country Homes] LLC, which owns land near Novoivanovskoye Village, across from the Zarechye land earmarked for Russia’s “Silicon Valley.”

In summer 2009, Muratidis joined the Krasnopresnensky Sugar Refinery board of directors. The Refinery owns 7 ha. of land on Mantulinskaya Street near the Moscow City Business Center. This asset was previously controlled by the PIK Group, but in mid-2009, new offshores became co-owners of the company. These offshores had not been [previously] noticed in transactions of either PIK Group or its new shareholder Suleiman Kerimov.

According to SPARK, Muratidis also heads Kaffa Industries LLC (coffee processing and supply). Registered as Kaffa founder is, again, Vartan Galustyan, who co-owns Zarechye Development LLC with Olga Shuvalova, as well as three offshores and a London company.

Shuvalova may be involved in these businesses as well.



[1] Translator note: http://www.spark-interfax.ru/Front/index.aspx