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This portfolio of assets required efficient management for which a joint stock company Safmar Group was incorporated. Mikhail Gutseriev is the Chairman of the Group's Board of Directors and he determines the conglomerate's development strategy. [4] In 2019 two major industrial companies were included into SAFMAR Group.
Novatek is a public company with shares traded on the Moscow stock exchange. The company delisted from the London Stock Exchange in March 2023. [29] The major shareholders of Novatek are Leonid Michelson, the CEO, with around 28% of the shares, Gennady Timchenko's Volga Group with 23% of shares, Total S.A. with 16%, and Gazprom with 9.4%.
Between U.S. sanctions intended to punish Russia for its invasion of Ukraine and actions by the Russian government that are meant to be retaliatory, U.S. investors cannot purchase Russian stocks ...
[5] [6] Russia relies on energy revenues to drive most of its growth. Russia has an abundance of petroleum , natural gas and precious metals , which make up a major share of Russia's exports. As of 2012 [update] the oil-and-gas sector accounted for 16% of the GDP , 52% of federal budget revenues and over 70% of total exports.
Following the Decree of the President of the Russian Federation of 5 November 1992, and the Resolution of the Government of Russia of 17 February 1993, Gazprom became a joint-stock company. [14] Gazprom began to distribute shares under the voucher method. (Each Russian citizen received vouchers to purchase shares of formerly state-owned ...
Volga Group was established as Volga Resources in 2007, and renamed as Volga Group in June 2013. [2] The group consolidates Gennady Timchenko's assets and makes investments in financial services; industrials and construction; trading and logistics; consumer goods; and energy.
Russian energy company Gazprom has several hundred subsidiaries and affiliated companies owned and controlled directly or indirectly. The subsidiaries and affiliated companies are listed by country. The subsidiaries and affiliated companies are listed by country.
Renova Group is a Russian conglomerate with interests in aluminium, oil, energy, telecoms and a variety of other sectors. The main owner and president is Viktor Vekselberg who founded the company in 1990. [1] The Renova Group is primarily active in Russia, the C.I.S. states, Switzerland, South Africa and the