Who Are Vladimir Putin’s Closest Business Allies?

Often, the proximity to power brings with it a significant financial advantage, particularly in the realm of Vladimir Putin. As the President of Russia, Putin himself is barred from engaging in any business ventures. However, his close connections within the Kremlin have made him a lucrative target for those seeking to leverage his influence.

The Kremlin’s Pull

The Kremlin exerts a powerful gravitational force over business in Russia. As President, Putin’s allies enjoy a massive advantage due to the closeness of their connections to Putin. This proximity is akin to a gravitational force, drawing wealth towards those who are near the Kremlin.

Key Business Allies of Putin

Several individuals are frequently cited as Putin’s business allies, benefiting from his influence and power. These allies operate in various sectors, from gas to oil, and have a significant impact on the Russian economy and beyond.

Alexey Miller

As the head of Gazprom, the state-owned gas corporation, Alexey Miller wields immense control. Gazprom is a money machine, and Miller oversees a network of subcontractors who ensure that the company’s funds are maximized and securely stored. These subcontractors are often located both within Russia and internationally, making them prime beneficiaries of Putin’s influence.

Gennady Timchenko

Gennady Timchenko has been a major player in the international oil trade, but his influence extends far beyond mere trade. He has been sanctioned by the West, yet his control over our petroleum exports remains strong. In St. Petersburg, Timchenko’s home, he has a significant presence, further solidifying his status as Putin’s ally.

Roman Abramovich

Once a benefactor to English football, Roman Abramovich was Putin’s trusted representative in the UK. However, due to the hostile climate, he relocated to Israel. Today, he manages substantial wealth, some of which reportedly follows him to countries like Singapore and Hong Kong, far from the prying eyes of financial regulators. His role as a overseer of Putin’s hidden wealth, including yachts and immovable property, underscores his close ties to the President.

Jacob Rothschild and RIT Capital Partners

The Jacob Rothschild and RIT Capital Partners duo have been highlighted as key figures in facilitating strong ties between the Kremlin and the Israeli government. This partnership has been crucial in maintaining stability and cooperation between these two regions.

Sergei Roldugin

Less of a businessman and more of a philanthropist, Sergei Roldugin is known to move billions of USD through secret accounts in Caribbean offshores. He claims that this wealth was used to purchase vintage cellos and support orphans, though the accuracy of these claims remains uncertain.

Conclusion

The identities of Putin’s closest business allies are either vague or subject to much speculation. Their connections to Putin are often shrouded in secrecy, making it challenging to assess the full extent of their influence. As Putin’s position in the Kremlin changes, these connections may likewise change, complicating any efforts to fully understand the web of financial support he enjoys.