OCCRP made its final update to the Russian Asset Tracker on August 4, 2022
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Gennady Timchenko
Billionaire businessman and oligarch
Known minimum value of assets $70,500,000
Reason for inclusion

A long-time friend of Putin who has been described as one of his confidants, Timchenko is also Russia’s sixth-richest oligarch. He co-founded one of the largest crude oil traders, Gunvor, which until recently traded much of Russia’s oil, and is a shareholder in Bank Rossiya, considered the personal bank of senior officials of the Russian Federation. The bank was sanctioned for aiding the destabilization of Ukraine and the consolidation of Crimea into Russia.

Rumors have circulated that Timchenko is financially connected to Putin. According to the U.S. Treasury Department, which sanctioned him for these links in 2014, “Timchenko’s activities in the energy sector have been directly linked to Putin. Putin has investments in Gunvor and may have access to Gunvor funds.”

Related parties

Elena Timchenko (wife)

US March 20, 2014
GB February 22, 2022
EU February 28, 2022