Yuri Kovalchuk & family
Overview
- Source of Wealth
- Banking, insurance, media
- Industry
- Finance & Investments
- Residence
- St. Petersburg
- Education
- St Petersburg State University (Doctorate)
- Marital Status
- Married
- Children
- 1
Biography
Yuri Kovalchuk is friends with Russia's president Vladimir Putin; they met when Putin was deputy mayor of St. Petersburg.
They both had country houses in the Ozero dacha cooperative, and when Putin became president, many of the cooperative's members' careers improved.
Kovalchuck is now the largest shareholder of Rossiya Bank and has a large stake in Sogaz insurance company.
He controls National Media Group, an investment firm with controlling stakes in popular Russian media assets.
He was sanctioned by the U.S. and the EU in 2014, along with a group of close Putin friends.
In December 2021 Sogaz bought 45% of MF Technologies, that controls VK, one of the largest internet companies in Russia.
About
After US sanctions hit Kovalchuk's Rossiya Bank, Vladimir Putin moved his payroll account to the bank.
Kovalchuk's son Boris is a former CEO of InterRAO, a large state-owned energy company in Russia. Now he is a chairman of the Accounts Chamber of Russia.