Gutseriev Mikhail Safarbekovich

Gutseriev Mikhail Safarbekovich

Aktivs

In Russia

Assets of Mikhail Gutseriev and family for June 2021;

• PFG Safmar
• Leasing company Europlan
• Insurer VSK
• M.Video
• Russneft and Neftisa
• Mospromstroy Foundation
• Kuzbass Fuel Company
• Russian coal
• Construction company A101.
• MLP real estate objects (warehouses) and hotels - Marriott Tverskaya, Hilton Leningradskaya, Holiday Inn Sushchevsky Val, Radisson Blue Olympic, InterContinental Tverskaya, National and other hotels in Moscow. The group's hotel business is managed by Safmar Plaza and A.N.D. Corporation.

In Belarus

• Slavkaliy

As of September 2019 Mikail Gutseriev is building a huge mining plant in Belarus for $2 billion - this is the largest (after the construction of the BelNPP worth 11 billion) investment project in the history of sovereign Belarus.

The amount is as follows: $1.4 billion is a loan from the Development Bank of China (the loan rate is not specified), the remaining 600 million is the money of Gutseriev's company.

According to the investment agreement, Gutseriev is also obliged to invest $250 million on other projects in the country.

Construction is underway south of the district center of Luban.

It was reported that allegedly President of Belarus Alexander Lukashenko promised Gutseriev to rename Lyuban to Gutserievsk.

By this time, Gutseriev had built in Belarus:

• network of filling stations "Slavneft" and oil depots,
• Renaissance Hotel and Business Center in Minsk,
• terminal for business aviation in Minsk-2.

Gutseriev also turned out to be the owner of Shershuna's residence - by his own admission, the construction of the complex cost $40 million.

Biography

Education

In 1975 he graduated from high school. In 1981, he successfully graduated from the evening department of the Faculty of Chemical Technology of the Dzhambul Technological Institute of the Light and Food Industry with a degree in Leather and Fur Technology.

Gubkin Russian State University of Oil and Gas, Moscow, engineer, specialty "Oil and Gas Engineering and Technology." Finance Academy under the Government of the Russian Federation, Moscow, economist, specialty "finance and credit." St. Petersburg Law University, lawyer, specialty "civil law." Graduate school of St. Petersburg Law University, candidate of law, specialization in "criminal and procedural law." Doctoral studies of the Russian Economic Academy named after G.V. Plekhanov, Doctor of Economics, specialization "Free Economic Zones."

Academician of the "Russian Academy of Natural Sciences," "International Academy of Informatization," "Russian Academy of Social Sciences," "International Academy of Economics and Law."

The author of five monographs and a series of scientific publications on the development of free economic zones and offshore business in Russia.

1975: Loader in Grozny

In 1975, he began his career as a loader (warehouse worker) in Grozny.

1976-1982: Art Crafts Factory

1976-1982 works at the Dzhambul factory of folk art crafts, the city of Dzhambul, Kazakh SSR, where the path goes from a rolling worker to a workshop foreman.

1982 - process engineer, then senior process engineer of the Grozny production association of the Ministry of Industry of the RSFSR, Grozny.

1983 - head of the technical, then production department of the enterprise.

1984 - Senior Workshop Foreman.

1985 - chief engineer of the enterprise.

From 1986 to 1992 - General Director of the association.

At the dawn of perestroika, he created the first Russian-Italian joint venture in the North Caucasus - the Chiital furniture factory. A pioneer of private banking in the USSR - in the late 80s he founded one of the country's first cooperative banks.

In 1991, he was elected chairman of the Association of Entrepreneurs of the Chechen-Ingush Autonomous Soviet Socialist Republic.

In 1992, he created and headed the industrial and financial company BIN (Investment and Innovation Bank) in Moscow. Since 1994 - President of the joint-stock commercial bank BIN.

In 1994, he was elected president of the BIN consortium, which unites industrial enterprises, trading and consulting companies, financial institutions, including enterprises operating in the oil products market.

In February 2000, at an extraordinary meeting of shareholders of the state Russian-Belarusian oil and gas company OAO NK Slavneft, he was elected president of the company.

In February 2001, he was elected vice president of the Russian Union of Industrialists and Entrepreneurs.

In September 2002, he founded and headed the oil and gas company RussNeft.

In June 2003, at the annual meeting of the Assoneft Association of Small and Medium Oil and Gas Producing Enterprises, he was elected President of the Association.

In November 2003, he was re-elected Vice President of the Russian Union of Industrialists and Entrepreneurs.

In December 2003, a meeting of members of the Assoneft Association of Small and Medium-Sized Oil and Gas Producing Enterprises granted a request to remove the powers of the Association President due to the dynamic growth of RussNeft and the transformation of the Company into a vertically integrated oil holding.

In 2006, about 70 criminal cases were initiated against Gutseriev and top managers of Russneft. In July 2007, he left Russia after Russneft was accused of tax evasion and brought criminal cases against Gutseriev.

2007 - 2010 - lived and worked in the UK; successfully implemented a number of large-scale oil and gas projects in Azerbaijan, Kazakhstan, and African countries. He lived in London for three years, being on the international wanted list. In 2010, all charges against Gutseriev were dropped, and he returned to Moscow. His return was facilitated by the President of Sberbank German Gref and the owner of AFK Sistema Vladimir Yevtushenkov, who became Gutseriev's partner in Russneft.

Gutseriev to build second potash plant in Belarus

2010-2015: President of Russneft

Since June 2010 - President of OAO NK RussNeft.

On February 20, 2015, it became known that Mikhail Gutseriev resigned as president of Russneft. At the same time, as a source close to the shareholders of Russneft told Interfax, Gutseriev will continue to manage the company as chairman of the board of directors. He will also continue to participate in the strategic management of Neftisa, which he created. Russneft's 2014 report states that Mikhail Gutseriev prematurely resigned as president of Russneft on February 2, 2015, based on a decision by the company's board of directors.

2012: Net worth $6.7 billion

It ranks 17th in the ranking of the Russian-language version of Forbes "The Richest Businessmen of Russia - 2012"^[1] and 141st in the world ranking of billionaires Forbes^[2]. Mikhail Gutseriev's fortune is estimated at $6.7 billion.

2016: Divestment from Rost Bank

In June 2019, the court invalidated transactions worth 255 billion rubles. It is assumed that with the help of them Gutseriev withdrew assets from the Binbank group and Rost Bank.

Asset withdrawal transactions were carried out in 2016-2017, when the former main owner of Binbank Mikail Shishkhanov (Gutseriev's nephew) carried out the reorganization of Rost Bank with money from the Central Bank.

Rost Bank transferred 205 billion rubles to the authorized capital of the Rost Investment subsidiary, and another 50 billion rubles to the capital of Rost Capital.

205 billion rubles transferred to Growth Investment. subsequently went to accounts in foreign banks and foreign companies, and 50 billion rubles, which received Growth Capital, were spent on the redemption of illiquid assets. As of 2019, companies whose accounts took cash from subsidiaries were liquidated.

Shishkhanov, as well as Mikhail, Said and Sait-Salam Gutserievs and other former top managers of Rost Bank are listed in the lawsuits as third parties.

2017: Support for the digital revolution in Belarus

In 2017, he convinced President of Belarus Alexander Lukashenko of the need to adopt a revolutionary decree on the digital economy, which brought the country to world leaders in the legalization of cryptocurrencies and smart contracts. Read more here.

At the beginning of 2019, his son Said Gutseriev became one of the co-founders of the Belarusian crypto exchange Currency.com.

2019

Debt of companies about 1 trillion rubles or $15 billion

The total debt of companies associated with the family of Mikhail Gutseriev is about 1 trillion rubles. (about $15 billion), wrote Forbes in October 2019 with reference to two sources.

According to the interlocutors of the magazine, this figure was obtained as a result of counting the bank of bad assets ("Trust). The resulting data coincide with the available public information, Forbes clarifies. In particular, in early October, Reuters, citing sources, wrote that Trust and Gutseriev were discussing an agreement on the settlement of debts for 140 billion rubles, and one of the agency's sources estimated the total debt of the businessman's structures to Trust at 320 billion rubles.

In addition, the Gutseriev family owes $5 billion to Sberbank (about 325 billion rubles). Thus, the Afipsky refinery owned by Safmar Gutseriev owes the bank more than 170 billion rubles, and in early October Sberbank provided the plant with a loan of $1 billion. A Forbes source surrounded by Gutseriev says that he does not recognize the debt of the Afip refinery.

The businessman's structures also pay money to several more banks, but there the size of loans does not exceed 10 billion rubles. in each, clarifies Forbes. The magazine estimates the total debt at 1% of the assets of the entire banking system.

A Forbes source close to Sberbank claims that Gutseriev does not disclose the amount of debts associated with his family to even the largest creditors. However, a magazine interlocutor close to the Central Bank says that the amount of debt "does not scare anyone": all loans are reserved, and Gutseriev has working assets.

"The debt of 1 trillion rubles itself does not say anything. You need to understand which structures these loans were issued, whether they generate cash flow in order to service it, what pledges were provided and what their cost is, "Alexander Danilov, senior director of the Fitch Ratings banking analytical group, explained to the magazine.

According to Forbes estimates, the Gutseriev clan for the fifth year in a row holds first place in the list of the richest families in Russia with a total fortune of $25.3 billion.

Searches in offices and in the apartment

On the morning of December 18, 2019, searches were carried out in the offices of Mikhail Gutseriev's companies, a source in the Main Directorate of the Ministry of Internal Affairs in Moscow told RBC about this. Three eyewitnesses spoke about the details of the operation in the Chaika business center on Novoslobodskaya Street, where the ForteInvest office is located. According to one of the eyewitnesses, in the morning a riot police squad appeared in the lobby of this business center with a representative of the Investigative Committee, who showed the certificate to the guards and led the fighters with machine guns through the turnstiles. The riot police stayed in the office for about an hour, one of the employees was on duty below, an eyewitness says. This was confirmed by RBC and another interlocutor who turned out to be an eyewitness to the investigative actions.

Searches took place at ten offices of Gutseriev's companies and his relatives, including the headquarters of the RussNeft oil company, whose board of directors is headed by Gutseriev, and ForteInvest (owns the Orsk refinery, is engaged in trading, the company's general director is Gutseriev's son Said), the Mash Telegram channel reported earlier. According to him, the search took place in Gutseriev's apartment in Khamovniki.

Later appeared photos from searches

2020: Exit from the Boards of Directors of NPF Safmar and Mospromstroy Fund

On October 1, 2020, it became known that Mikhail Gutseriev, the main shareholder of the Safmar industrial and financial group (PFG), resigned from the post of chairman of the board of directors of NPF Safmar, who headed for more than three years. Also, Mr. Gutseriev resigned from the directors of another NPF - Mospromstroy-Fund. Both funds belong to PJSC Safmar Financial Investments^[3] More details here.

2021: Gutseriev's family bought 49% of A101 and became the sole owner of the company

On November 10, 2021, it became known that New Perspective LLC Bilan Uzhakhov (nephew of Mikhail Gutseriev) bought 49% of the Cypriot company Balamer Holdings Ltd from the state bank of non-core assets Trust, which, in turn, owns the A101 development group. Read more here].

2023: Repayment of debt to Trust under an agreement for 130 billion rubles

President and founder of the Safmar group Mikhail Gutseriev prematurely paid the Trust bank ahead of schedule to pay the bank non-core assets about 130 billion rubles under two amicable agreements. This was announced in December 2023 by the chairman of the board of the bank Alexander Sokolov.

Part of Mr. Gutseriev's payments came ahead of schedule. The bank of non-core assets has three amicable agreements with it. The first and third in total for 130 billion rubles were fulfilled in full and ahead of schedule, - he clarified in an interview with RBC.

Mikhail Gutseriev

According to Sokolov, the calculations for the first, main, agreement took place in October 2023, and the third, additional to the first, was executed in 2021 (then this was not disclosed). Final settlements under the first agreement between Gutseriev and Trust were to take place before the third quarter of 2024.

The information that Mikhail Gutseriev repaid the debt to Trust ahead of schedule under an agreement for 130 billion rubles was confirmed to the publication by a businessman's representative.

Indeed, all settlements with Trust Bank under the two mentioned agreements were completed in October 2023, - said the interlocutor of RBC.

The publication reminds that the requirements of the Trust to Gutseriev arose as a result of the reorganization of the Binbank group in 2017. The businessman's share in the credit institution was 24.5%. For the financial recovery of Binbank, the Central Bank poured 57 billion rubles into its capital in March 2018, and non-core assets of the credit institution were transferred to Trust. The Bankruptcy Law allows the Central Bank to hold accountable former shareholders of sanitized banks (Article 189.23 of the law), the refusal of claims against Gutseriev was the basis of amicable agreements.

According to Alexander Sokolov, by December 2023, under the second agreement, Gutseriev had to pay off 2.2 billion rubles.^[4]

2024

Investment of ₽1 billion in the construction of the largest shopping and entertainment center in Ingushetia

In the capital of Ingushetia, the construction of the largest shopping and entertainment center in the region is nearing completion, the investor of which was businessman Mikhail Gutseriev, who invested ₽1 billion in the project. The head of Ingushetia, Mahmud-Ali Kalimatova, spoke about the implementation of the project. Read more here.

Recall of the Cypriot "golden passport"

On November 27, 2024, it became known that the Cypriot government revoked the citizenship of seven Russian businessmen who received passports under the Citizenship for Investment program. Among them is Mikhail Gutseriev. Read more here.

Political activities

In November 1994, he created the first Ingushetia economic favorable zone in Russia and was appointed its Head by a decree of the Government of the Russian Federation. Over the years of its work, the economic favored area has attracted real investments to the republic, more than 200 industrial, social and administrative facilities have been built.

In 1995, leaves entrepreneurial activity and goes into politics. In the 1995 parliamentary elections, he was elected to the State Duma of the Federal Assembly of the second convocation. In the Duma, he holds the post of Deputy Chairman, coordinates the activities of the Committee on Industry, Construction, Transport and power, the Committee on Conversion and Science-Intensive Technologies, the Committee on Science and Education, the Committee on Agrarian Issues, the Committee on Nationalities, the Committee on Public Associations and Religious Organizations, and also oversees relations with Arab countries and states of the Middle East. As a curator in the Duma of all issues related to the Caucasus, he took an active part in resolving numerous interethnic conflicts in the region, resolving the Chechen crisis and ending hostilities in the republic.

In December 1999, as an independent candidate, he was elected to the State Duma of the Federal Assembly of the third convocation in the 12th single-mandate constituency.

In March 2006, he was elected chairman of the Russian-Algerian Business Council, operating under the auspices of the Chamber of Commerce and Industry of the Russian Federation and patronage of the Ministry of Foreign Affairs of the Russian Federation.

Awards and achievements

In May 2000, he was awarded the annual Fair Taxpayer Award by the Ministry of Taxes and Duties of the Russian Federation.

In August 2000, he was awarded the Order of Sergius of Radonezh III degree by the Russian Orthodox Church for the constant assistance of the Tolga monastery and the construction of a shelter for orphans on the territory of the Holy Vvedensky Tolga Monastery (Yaroslavl Region).

In September 2000, he was recognized as the winner of the authoritative competition of the Company magazine as the "Best Manager of the Year" in the oil industry.

In February 2001, for his outstanding contribution to the development of economic science and merits in organizing oil business in Russia, he was elected the first leader of the country's oil and gas complex as a full member of the Russian Academy of Natural Sciences (RAEN).

In May 2001, he received the Peter the Great National Public Prize for his significant contribution to the development of the economy of the Russian Federation.

In August 2001, he was awarded the Order of the Russian Orthodox Church of Daniel of Moscow II degree for his contribution to the construction of the Church of the Protection of the Most Holy Theotokos (Megion, Khanty-Mansi Autonomous Okrug) and the Church of the Nativity of Christ (Nizhnevartovsk, Khanty-Mansi Autonomous Okrug).

In March 2002, he won the All-Russian competition "Financier of the Year," held under the auspices of the Chamber of Commerce and Industry.

In July 2004, he was awarded the Order of Daniel of Moscow, 1st degree by the Russian Orthodox Church for his significant contribution to the revival and construction of the Church of the Holy Great Martyr and Healer Panteleimon (Karakulinsky District, Udmurtia) and the Savior-Ascension Cathedral (Ulyanovsk).

In September 2004, he was recognized as the winner of the Company business weekly competition as the "Best Manager of the Year" in the fuel and energy complex.

In October 2004, he became a laureate of the leading all-Russian prize "Russian National Olympus," and OAO NK RussNeft was awarded by an authoritative jury of the prize as one of the leading companies in Russia.

In November 2004, within the framework of the International Profession-Life Prize established by the World Health Organizations, the Ministry of Emergency Situations of the Russian Federation was awarded the title "Patron of the Year" for outstanding services in the construction of social institutions and donations for the benefit of humans.

In December 2004, OAO NK RussNeft was awarded the Company of the Year Award in the Opening of the Year nomination held by RBC Information Holding under the auspices of the Ministry of Economic Development and Trade of the Russian Federation.

In March 2005, the corporate newspaper Vremya RussNeft was recognized as the best corporate publication of 2004.

In July 2005 - for his contribution to the construction of the Church of the Holy Royal Great Martyrs (Izhevsk, Udmurtia) and the Church of the Holy Great Martyr Panteleimon on the territory of the Central Clinical Military Hospital of the FSB of Russia (Moscow) was awarded the Order of the Russian Orthodox Church Sergius of Radonezh II degree.

In September 2005, streets in Grozny and s. Goyty, Chechen Republic.

In May 2006 he was awarded the Grand Gold Medal of the Order of the Patron of the 1st degree.

In September 2006 for contribution to the construction of the Transfiguration Church (Novospassky district, Ulyanovsk region); The Church of John of Kronstadt (Raduzhny, Khanty-Mansi Autonomous Okrug) was awarded the Order of Sergius of Radonezh, 1st degree by the Russian Orthodox Church.

In December 2006, the business weekly Company recognized the winner of the annual competition "Best Managers of the Year" in the nomination "Head of the Oil and Gas Industry."

In December 2006, he became a laureate of the authoritative public competition "Persons of the Year" in the nomination "Entrepreneur of the Year," held by the publishing holding "Top Secret."

In May 2007, for a significant contribution to the spiritual and moral revival of the peoples of the Russian Federation and its traditional faiths, as well as large-scale charitable activities, he was awarded the highest Muslim religious award by the Council of Muftis of Russia - the Order of Honor "Al-Fakhr" of the 1st degree.

In July 2010, for his contribution to the reconstruction of one of the most magnificent churches of the Russian Orthodox Church - St. Michael's Cathedral (Izhevsk, Udmurtia), he was awarded the Order of Prince Vladimir II degree by Patriarch of Moscow and All Russia Kirill.

In June 2011, he was awarded the Badge "Medal named after Vasily Nikolaevich Khitrovo" of the Imperial Orthodox Palestinian Society (IPPO) for his contribution to the construction of the Cultural and Business Center of the Russian Federation in Bethlehem (Palestinian Authority).

On September 1, 2011, by order of the President of the Udmurt Republic A. Volkov, the institute was named after Mikhail Gutseriev for his contribution to the construction of the building of the Institute of Oil and Gas of Udmurt State University.

In October 2011, he became a laureate of the All-Russian Prize "The Best Leader of Russia-2011" in the nomination "Mining Useful minerals."

In November 2011, he was awarded the Benjamin Franklin Medal, one of the authoritative public awards of the United States for his significant contribution to the development of entrepreneurship in Russia and Eastern Europe, as well as large-scale charitable activities in the field of education.

In March 2012 he was awarded the international public prize "Person of the Year 2011" in the nomination "Businessman of the Year," established by the media holding "RosBusinessConsulting."

Family

• Spouse,
• Son - Gutseriev Said,
• Daughter.

Notes