March 17, 2022. On 28 December 2012, the Government withdrew the EPC licence that was valid until 2020. 2006 RF President's Management chosen by the investors and developers of the reconstruction of the Kremlevsky JSC complex and the "United Industrial Corporation". After the Decree of President Putin, approving the terms on 14 February 2005, Pugachev's company OPK Development initiated reconstruction with completion scheduled for 20092010. [84], On 22 September 2015, the Hague International tribunal officially registered the complaint of Pugachev against the Russian Federation for US$12billion. It is noteworthy that those present at this meeting included Miroshnikov, the Deputy Leader of the Deposit Insurance Agency and one of the main authors of the attack on Pugachev. Pugachev obtained the right to ownership of the residential part (about 40 thousand square metres) on Red Square after completion of construction, and 2 hectares of land, as well as a concession for the "Kremlin" hotel management operation in the perimeter building at the same address. Pugachev moved to the United States in 1994. Allegedly, Pugachev's investment in foreign assets was the source of conflict with Putin. On 11 October 2017, the London High Court ruled that Pugachev's trusts are "shams". Construction was frozen without compensation. Optic-Trade claimed that it had not been informed about the court proceedings and was unable to state its defence of the expiry of the limitation period. In November 2010, Baltiyskiy Zavod signed a contract for construction of four tankers. According to media information, one of the sites located in the region of the Presidential residence Novo-Ogarevo, acquired by Pugachev (1162 hectares), turned out to be in the ownership of the Federal Protective Service. In 2011, at his request, criminal proceedings were instituted in France concerning extortion and threats from the senior staff of DIA. In 2010, the shipyard produced new masts for British military cruiser "HMS Belfast", which participated in delivery of goods to the USSR during the Second World War and performed a thorough reconstruction of the ship. By 2010, multiple attempts had been made on his life, injuring several security personnel. He started the Luxe TV channel project, broadcasting in various languages in 20 countries. "He's the richest person in the world. Nevertheless, the DIA challenged these payments in court, and did not include this liability in the register of creditors. The IIB almost caught up with Sberbank on the scale of its own funds and became the country's largest private bank. We talked about this. Part of the restructuring strategy was to move certain production units of Baltiyskiy Zavod to Severnaya Verf and redevelopment of the unused space at the shipyard as a residential and shopping complex by OPK-Development. He was not involved in the Communist party. At the date of the evaluation, according to an Ernst and Young assessment, an investment agreement during the economic crisis was estimated at US$950 million. In December 1998, the IIB increased its authorised capital to 10 billion rubles. [clarification needed] Upon completion of the reconstruction, the five-star "Kremlyevsky" hotel complex was to open. Pugachev presented a memorandum about the recovery of the Russian banking system. On 24 July, the Russian side missed the procedural deadlines for selecting one of the international arbitrators. The Yenisei Industrial Company (EPC), acquired the licence (up to 31 May 2020) for the development of the Elegest highlands in Ulug-Khem coal basin in Tuva, a remote region in the south-central part of Russia on the Mongolian border. In 2011, an agreement was signed for the sale of EPC to Russian Mednay Company between Basterre Business Corp. (for the seller) and Devecom Ventures Ltd. (for the buyer). Minister for Finance and Deputy Prime Minister Alexei Kudrin made a proposal to allocate US$5 billion for this deal.[56]. [15] At the end of 2014, the Russian Interpol bureau announced that Pugachev was wanted. On 4 September 2012, Baisarov asked to find a way to cancel the licence of the EPC JSC. The BBC claims he made a whopping $15bn fortune in post . Netflix is looking at the relationship of Sergei Pugachev and his wife Countess Alexandra Tolstoy. Next door was the Mandarin Oriental, a palatial hotel where two years before Igor Sechin, by then renowned as the hard man of the Kremlin, had delivered his first speech to global investors on the eve of Rosnefts latest incursion into Russias oil sector. On 14 September 2016, the Moscow Court of Arbitration considered the application for liquidation of the Trade and Development Board. In 2009, the Administration terminated the contract and transferred the matter to the Federal Guard Service. At the presentation, he said that the main difficulty in choosing the investor for "Kremlevsky" was the strict conditions involving compensation to the former owner (the Ministry of Defence) of about $60 million. According to the Jones Day report, from 2002 the owner of the bank was D. Henderson-Stewart. On 26 December 2001, he was approved by the representative of the Tuvan government in the Federation Council of the Russian Federation. He is from French. Pugachev's shipbuilding companies became the largest surface shipbuilding centre in Europe. In 2008, the Russian Federation Federal Service for Defence Orders made the plant the sole supplier of ships in the classes of "corvette", "frigate" and "Comms Boat". Autumn 2003 Acquisition of a minority share in Perm KB ", Autumn 2003 Acquisition of a minority stake in the Perm Engine Company, 2004 Creation of the United Industrial Corporation JSC, 2004 Sale of the White Nights and Aki Otyr companies to Rosneft structures, 2005 Acquisition of a controlling stake in the Severnaya Verf Shipbuilding plant JSC, 2005 Acquisition of a controlling stake in the Baltiyskiy Zavod JSC, 2005 Acquisition of the Central Design Bureau of "Iceberg", 2006 Acquisition of the French television channel. According to data from the Accounting Chamber, the money allocated by Pugachev for construction to the military services of the Ministry of Defence for the most part was taken. The lead boat "Buverestnik" served as part of LenVMB. In December 2013, 3 years after the withdrawal of the licence from the International Industrial Bank, the Deposit Insurance Agency brought a claim to the Moscow Court of Arbitration regarding the subsidiary's responsibility for the debts of the IIB to the former heads of the IIB Aleksandr Didenko, Aleksei Zlobin, Marine Illarionova and Pugachev, declaring him a "de facto owner of the bank" determining the decisions taken by the bank. In the 1990s, Pugachev suggested making Putin the successor to the Yeltsin family. [21] A Russian entity and numerous Russian oligarchs, including Rosneft, Mikhail Fridman, Peter Aven, Shalva Chigirinsky, and Roman Abramovich filed lawsuits in the United Kingdom during March and April 2021 against HarperCollins and Belton, who is a Reuters reporter based in London, over material contained in her 2020 book.[22][23][24][25]. [36] As a senator, Pugachev transferred his assets to the control of the JSC United Industrial Corporation. On 28 December 2012, the Government withdrew the EPC licence that was valid until 2020. Linley's company became famous for designing the ninth largest yacht in the world, Lady Moura (for Saudi Prince Araviy Al-Rashid), and the interiors of the hotel Claridges in London. If Pugachev wins the arbitration and Russia refuses to pay, this will mean "that the 160 bilateral agreement on investment protection signed by Russia are worth nothing", the banker warns. At this time, parts of the shipyards were restructured. One of its projects was the construction of the "Russia" yachts for President Putin. French authorities later investigated attempted murder within the framework of international orders. Pugachev wanted to involve the Linley company in the development of the Kremlevsky hotel. In the end Putin, in agreement with Medvedev, instructed Central Bank head Ignatiev to acquire shares in Pugachev's shipbuilding assets, with first Kudrin specified as curator. Pugachev was repeatedly targeted by attacks, both in Russia and abroad. In 1993, he sold his share. At the end of the 1990s, he acquired Yenisei Industrial Company, holding an exploration licence for the region of the Ulug-Khemsky District in Southern Siberia. He made it clear that Pugachev should agree to the sale. Mitsui then financed the geological exploratory work, on an irrevocable basis. [94], Pugachev has two sons from his previous marriage to Galina Arkhipova. Sergei Pugachev (Sergei Viktorovich Pugachev) was born on 4 February, 1963 in Kostroma, Russia, is an International investor, politician. Expropriation of Russian shares started in 2010, leading Pugachev to decide to sell EPC. By 2010, multiple attempts had been made on his life, injuring several security personnel.[18]. [27][28] He ran Yeltsin's re-election campaign during what Pugachev calls "Russia's last free election". Sergei Pugachev net worth. The Central Bank issued a mandate to Nomura to negotiate a settlement agreement. In December 2013, the Russian government filed a claim about Pugachev's accountability for subsidiary responsibility in the Moscow Court of Arbitration. On 18 March 2014, The court found Krug LLC bankrupt. Sergei Pugachev, a Kremlin insider until he left Russia in 2011, pointed out that these tycoons were still careful in their public comments not to directly criticize Putin for going to war. According to UK law enforcement bodies, the Russian government illegally surveilled Pugachev and his family in England via private detectives. [27][28] Pugachev said that Putin only wanted to be in power 3 or 4 years and said, "Putin wanted to get rich, too. In 1992, he became one of the co-founders of the JSC "International Industrial Bank" (Pugachev owned 25%), which was one of the first to licensed to perform foreign exchange operations. He is from French. 2011 Sale of the company "Tretiy kanal" to structures of AFK ". The 500 Russians with a net worth of more than $100mn control 40 per cent of the country's household wealth, according to a study by the Boston Consulting Group last year. Altushkin used these events as an excuse for violating his obligation to pay for EPC shares. Pugachev was thereby forced to stop negotiations with all foreign applicants. The legal team is awaiting action proceedings at the International Arbitration Court in the Hague in regards to Mr. Pugachev's $12 billion compensation claim against the Russian Federation. 18 March 2022 1 min read Interviews. Pugachev borrowed 5500 roubles from his colleague Egorov, promising to buy a new car. The character based on Pugachev was played by Gregory Hlady. The government developed a plan for acquisition by the RF of the shipyard shares. According to the Federal Tax Service of the Russian Federation, "Camelot" LLC is registered at a mass registration address in Ivanov. Pugachev transferred the main capacity to the Severnaya Verf site and started implementation of the largest development project in St. Petersburg with development of 70 hectares in the centre of the city on Vasilevsky Island. The day after the sentence was pronounced, Egorov was attacked by unidentified persons. Returning to France, Pugachev filed a claim against the Russian Federation within the framework of the Franco-Russia agreement on protection of investments concerning the expropriation of his assets, which became a subject of general interest and irritation for the Russian authorities. In May 2013, "Camelot" LLC made the decision on accession to the Krug LLC and on 17 September 2013 joined this company. This page was last edited on 19 July 2022, at 05:26 . Sergei Pugachev's income source is mostly from being a successful . The managing company and sole owner of "Camelot" LLC was LLC "Management and Business", the directors and the sole holder of the LLC "Management and Business" was Oleg Viktorovich Borobyev, who was head of 390 other Russian companies. In 1993, he sold his share. Pugachev's maternal grandfather was Konstantin Timofeevich Klochkov (1906 9 September 1942). The Kremlin's official disclosures indicate that . Across the road was the leafy Lowndes Square, where Roman Abramovich had bought up two stucco mansions around the corner from Harrods. As Putin insisted in 2007, Al-Waleed bin Talal was approved for management of the hotel complex by Raffles. At the start of the 1990s, Pugachev became an adviser to Russian leaders. In 2012, another challenge was made to the original deal with the State Farm. [citation needed] Other sources found Pugachev's three diplomas and other facts of his biography to be fraudulent.[6][7]. His father, Viktor Fyodorovich Pugachev (29 May 1930 2010), was a student in the first class of the Kiev Suvorov Military School. On 11 October 2017, the London High Court ruled that Pugachev's trusts are "shams". In 2003, it was reported that Pugachev's income was averaging more than 7 million rubles. In July 1918, as the Commander of the 1st Don Soviet Infantry Division, he led the fighting against the troops of General Krasnovo on the northern side of the Tsaritsyn Front. Pugachev obtained the right to ownership of the residential part (about 40 thousand square metres) on Red Square after completion of construction, and 2 hectares of land, as well as a concession for the "Kremlin" hotel management operation in the perimeter building at the same address. In 2011, the government intervened in the deal. [12] The investment commission of the Russian Federation financed infrastructure for this project in the amount of 1.5 billion dollars, a record investment in the development of a private company.[13]. American director Roger Spottiswoode made a film based on these events in 2003, Spinning Boris. O n 22 June 2020 the Russian Ministry of Justice announced that the UNCITRAL tribunal hearing Mr Serghei Pugachev's US$14.5 billion claim against the Russian . In 2004, the company signed an investment agreement for an ambitious project for reconstruction and development of the Middle Trading Rows in Red Square. He was awarded Commander of the order of Red Star and held command positions in airborne troops. Russian government officials discussed several acquisition options through the RF budget (Federal property agency Rosmuschestvo), or VEB (state corporation Vneshekonombank). Under this deal, Pugachev received 2.4 billion US dollars and part of the profits from the company's development over the next 6 years. In accordance with Putin's instructions, the responsibility for compensation was given to first vice-premier V. Zubkov. Upon completion of the reconstruction, the five-star "Kremlyevsky" hotel complex was to open. In civil shipbuilding, orders were made for vessels for oil platform supply. Once known as the Kremlin's banker, Pugachev played a key role . In spring of 2010, Severnaya Verf launched the first of a series of Corvettes of project 20380 "Soobrazitelniy".[51]. He was awarded Cavalier of the order of the Red banner. The Yenisei Industrial Company (EPC), acquired the licence (up to 31 May 2020) for the development of the Elegest highlands in Ulug-Khem coal basin in Tuva, a remote region in the south-central part of Russia on the Mongolian border. 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