Yurchenko Evgeny Valeryevich

Biography

Born May 14, 1968 in Voronezh. In 1992 he graduated with honors from Voronezh State University (VSU) with a degree in radiophysics and electronics, and in 1994 - the Faculty of Economics of VSU, is a candidate of economic sciences, associate professor.

Since 1995 - worked at Promradtekhbank in Voronezh;

Since 1996 - manager of the Voronezh branch of Menatep Bank;

1998-2002 - Head of the Regional Center, Vice President and Member of the Board of Menatep SPb Bank.

2002: Deputy Director General of Svyazinvest

November 2002 - March 2005 - Deputy General Director of Svyazinvest Holding, oversaw finance and informatization.

Until the beginning of 2007, in a similar position at Comstar-OTS, he dealt with mergers and acquisitions.

Until February 2009 - Manager of the Tambov branch of the Central Black Earth Bank of Sberbank of Russia.

2009: General Director of Svyazinvest Holding

Since February 10, 2009 - elected General Director of Svyazinvest Holding for a period of 5 years.

From May 29, 2010 to December 2010 - Chairman of the Board of Directors of Rostelecom.

On September 9, 2010, Svyazinvest CEO Yevgeny Yurchenko wrote a letter of resignation "due to fundamental disagreement with Rostelecom management about the development strategy of the combined company." "I am categorically against the management of a state asset being transferred to one individual, no matter how great a raider of Russia he is," says Yevgeny Yurchenko, without specifying who he means. The main arguments of Mr. Yurchenko to make this decision were the upcoming deal to buy Akado by Svyazinvest, as well as the transactions of the Marshall Capital Partners fund Konstantin Malofeev (member of the board of directors of Svyazinvest) with shares of RTO and Rostelecom. For more details, see Rostelecom article.

He was considered a compromise candidate between Marshall Capital Partners, which has great influence over the Minister of Communications Igor Shchegolev, and the largest player in the Russian telecommunications market - AFK Sistema Vladimir Yevtushenkov.

Statement of ownership of 2.5% of Rostelecom shares

In August 2010, Yevgeny Yurchenko told reporters that after the reorganization of the holding is completed, he will own about 2.5% of the shares of the formed united operator Rostelecom. This will not only make Yurchenko one of the largest minority shareholders of the "national champion," but also increase his personal fortune. This combination of official successes with personal gain became possible because since the end of 2008, when it became known about his future appointment as head of Svyazinvest, Yurchenko began to acquire shares in all companies of the holding. At that moment, information had already appeared about plans to reorganize Svyazinvest by joining seven interregional companies (MRK) and Dagsvyazinform to Rostelecom OJSC. Since then, all practical work on the reorganization, which should be completed in the first quarter of 2011, has been done under the leadership of Yurchenko, which coincided with a 3-6-fold increase in the exchange price of shares that he owns.

As of June 2010, Evgeny Yurchenko owned the largest stakes in Tsentrtelecom (7.42% of ordinary shares), Southern Telecommunications Company (4.34% of ordinary shares) and Sibirtelecom (2.86%). He owned from 0.7 to 1.8% of ordinary shares in the remaining four RTOs, as well as about 1% of Rostelecom shares. The acquisition of these shares in late 2008 - mid-2009 cost Yurchenko about $20-30 million.

During the reorganization of Svyazinvest, all shares owned by Yurchenko will be converted into shares of the combined Rostelecom. According to Yurchenko himself, the market value of the shares of the combined Rostelecom at the time of creation will be at least $14 billion. Thus, 2.5% of Rostelecom's shares, into which the shares of Svyazinvest companies now owned by Yurchenko will turn, will cost at least $350 million. Consequently, leading the transformation of Svyazinvest, its CEO will earn more than $300 million.

The prospect of enriching Yurchenko on shares of the company he headed some time ago worried Leonid Reiman, then chairman of the board of directors of Svyazinvest. He asked the board of directors to investigate whether Yurchenko was using his official position for personal purposes, being a shareholder of companies controlled by him. The Federal Service for Financial Markets also checked this issue. However, no abuse by Yurchenko was identified.

Scandalous dismissal from Svyazinvest

On September 10, Yevgeny Yurchenko withdrew his letter of resignation after a meeting in the government. Mr. Yurchenko was summoned to the government and asked to withdraw his resignation and continue working. Evgeny Yurchenko confirmed that he took the statement: "I will continue to work."

Press Secretary of the Prime Minister of the Russian Federation Dmitry Peskov confirmed that Yevgeny Yurchenko withdrew the statement. "But the fact is that his resignation has already been accepted, is its reverse movement possible and what procedures are necessary for this, I find it difficult to answer," said Mr. Peskov^[1].

An extraordinary meeting of Svyazinvest shareholders decided to early terminate the duties of the holding's general director Yevgeny Yurchenko and elect Vadim Semenov, who served as deputy general director of Rostelecom, in his place. On both issues, both representatives of the state, which owns 75% minus one share of the holding, and the Comstar - United Telesystems company, which at that time still owned 25% plus one share, voted for.

On September 29, 2010, the Board of Directors of Svyazinvest decided to convene a meeting of shareholders with a subpoena for the election of a new general director of the holding. A number of council members did not support the convening of the meeting, but were forced to obey the directives signed on the same day by First Deputy Prime Minister Igor Shuvalov, instructing state representatives at a meeting of the board of directors and a meeting of shareholders to vote for the change of the head of Svyazinvest.

The meeting itself was supposed to be held in absentia from October 1 to November 3, but its results were summed up on October 1. "The early adoption of the decision was due to the interests of the company, which is currently in the process of reform," explained Dmitry Afanasyev, secretary of the meeting, executive secretary of the Svyazinvest board of directors. "The absolute priority when voting for shareholders was strict observance of executive discipline during the reorganization process, compliance with the schedule approved by the government, as well as ensuring transparency of the holding's management for investors."

On October 5, Igor Shchegolev terminated his labor contract with Yevgeny Yurchenko. Meanwhile, Yurchenko considered the past meeting illegal, since 40 days should pass between the convening of the meeting and its holding. "This is a violation of my rights, I will appeal against such a decision," the ousted head of Svyazinvest told CNews^[2].

Copy of the order dated October 5, 2010 on termination of the employment contract with Yevgeny Yurchenko

Yurchenko considered this decision illegal - in particular, because the order to dismiss him was not signed by the general director, as expected, but by the chairman of the board of directors, Communications Minister Igor Shchegolev^[3]. There are other violations. The shareholder meeting took place just two days after he was appointed by Svyazinvest's board of directors (October 1 instead of November 3), although the law requires shareholders to be notified of the meeting no later than 20 days in advance. A protocol was also drawn up ahead of schedule: the law prescribes to draw it up only after the date on which the meeting is scheduled.

Ivan Rodionov, a member of the board of directors of Svyazinvest, professor at the Higher School of Economics, also speaks about the violation of the Law on Joint-Stock Companies. "The law does not accidentally set aside 40 days before the meeting, during which time the company's shareholders and all interested parties must develop their position," Rodionov explained. "The law does not provide for such a form as early holding of the meeting, and even more so when a state company behaves in this way."

Another member of the board of directors, former Communications Minister Leonid Reiman, also does not understand the rush to hold the meeting. "The meeting could be held on time, as is customary, especially in large companies such as Svyazinvest," his representative told CNews. "If it was necessary to remove Yurchenko as soon as possible, there are a lot of opportunities for this, for example, to deprive him of the right to sign, appoint an acting person, etc.," adds Ivan Rodionov.

Obvious procedural violations have been committed, Denis Kulikov, executive director of the Association for the Protection of Investor Rights (API, represents the interests of minority shareholders of subsidiaries), told Vedomosti. The Svyazinvest Federal Property Management Agency advised Vedomosti to contact Svyazinvest for comment. Its representative Igor Pshenichnikov explained: the law protects the rights of shareholders, and Svyazinvest shareholders do not believe that their rights have been violated. In addition, the dismissal of the general director of Svyazinvest is the business of the shareholders of Svyazinvest itself, and not its subsidiaries, believes Alexander Provotorov, general director of Rostelecom (one of the shareholders of the state holding).

But the fact is that the shareholders of Svyazinvest ignored the recent open letter of the API, which asked to postpone the change of power in the holding until the facts voiced by Yurchenko (see cut) are checked, explains Kulikov. The IPA invited First Deputy Prime Minister Igor Shuvalov to organize a check of these facts, but there is no answer yet, he says. "I hope that both the government and the board of directors of Svyazinvest will follow the proposals of the API and still investigate," adds Alexander Branis, chairman of the board of directors of the association, director of investments at Prosperity Capital Management.

The letter of the API was received and transferred to one of the departments, a representative of the Shuvalov secretariat told Vedomosti. This is the Ministry of Communications, clarifies an employee of the federal state structure. As of yesterday evening, the ministry did not receive this letter, a member of his press service shrugs. In any case, checking Yurchenko's loud statements and changing the leadership of Svyazinvest are two processes that are not related to each other, Provotorov said.

Following the resignation of Yurchenko, the new Svyazinvest team tried to remove him from the posts of chairman of the board of directors of MRK, but on December 9, 2010 it managed to do this only in four of the seven companies (Uralsvyazinform, UTK, Volga Telecom and North-West Telecom). And in the councils of Tsentrtelecom, Dalsvyaz and Sibirtelecom, there were not enough votes for the removal of Yurchenko.

Continuation of the purchase of Rostelecom shares

On December 9, 2010, it became known that Yevgeny Yurchenko, who was dismissed from the post of general director of Svyazinvest with a scandal, continues to buy shares of his daughters^[4]. Despite the conflict with the current management of the holding, he hopes, with the support of minority shareholders, to join the board of directors of the combined Rostelecom.

Yurchenko increased its shares in four interregional companies (MRK) of Svyazinvest - the Southern Telecommunications Company (UTK), Sibirtelecom, North-West Telecom (NWT) and Volgatelecom, follows from the disclosure materials of these companies. Its shares of the authorized capital of these companies grew insignificantly: from 1.0066 to 1.0171% in UTK, from 3.3772 to 3.425% in Sibirtelecom, from 1.886 to 1.919% in NWT, from 0.677893 to 0.683908% in Volgatelecom. Yesterday, the market value of the shares purchased by Yurchenko on MICEX was about 30.5 million rubles. Yurchenko confirmed to Vedomosti that he spent approximately this amount on buying up. All packages belonging to him in these four RTOs now cost about 2 billion rubles.

According to Yurchenko, he intends to continue to acquire MRK shares with his own and borrowed funds, mortgaging the securities already owned by him: "I remain optimistic about the reorganization of Svyazinvest (by March 2011, Svyazinvest's subsidiaries should merge on the basis of Rostelecom). He did not name the size of his package.

Yurchenko is one of the largest minority shareholders of Svyazinvest. He has been actively buying up the paper of MRK and Rostelecom since the end of 2008 and has since collected packages equivalent to more than 2.5% of the combined company, he said earlier, in order to ensure compliance with the interests of minority shareholders in the reorganization of the state holding. But his actions raised questions from a member of the board of directors of Svyazinvest Leonid Reiman: he suggested that Yurchenko was buying up securities using insider information about the conditions for joining the MRK to Rostelecom. But the FSFM found no violations in his actions, and in September 2010 Yurchenko continued to buy up. Then he spent about 200 million rubles to increase his shares in six out of seven RTOs. And he explained the decision to resume the purchase of shares by "confidence in the normal development of the combined company."

Yurchenko could become the "flagship" of minority shareholders: if they support him, he will consolidate his votes and go to the board of directors of Rostelecom, Fedotov notes. In order to be guaranteed to get to the council, you need to collect the votes of the owners of 7% of the shares. Yurchenko confirmed to Vedomosti that his goal is to join the board of directors of the combined company, increasing its share and gaining the support of minority shareholders. The Association for the Protection of Investor Rights (API) has not yet discussed the issue of supporting Yurchenko, Deputy Executive Director of the API Alexander Shevchuk told Vedomosti. So far, the main thing is that the reorganization of Svyazinvest take place. Yurchenko has proven his effectiveness in working with minority shareholders, so in the future we would like to see him as a candidate for the Rostelecom council, says Shevchuk.

2011

Creation of the A.S. Popov Investment Fund

In January 2011, Evgeny Yurchenko announced the creation of an investment fund named after A.S. Popov. The fund is created to implement investment projects in the Russian telecommunications industry, trust management of the capital of industry minority shareholders, as well as to promote the development of the national communications industry as a whole. During the first year of work, the founders plan to increase the fund's assets to $2 billion in ruble equivalent.

"I would like

to emphasize that at present our fund has no analogues in Russia and is unique for the communications industry. - says the founder of the fund named after A.S. Popova Evgeny Yurchenko - I hope that the combination of the experience of professional signalmen and flexible financial investment instruments will give our fund undeniable market advantages, as well as opportunities to create a new institution for managing the share capital of individuals and legal entities in the communications industry. "

Auction purchase of the Vostok 3KA-2 spacecraft descent capsule

On April 12, 2011, it became known that Yevgeny Yurchenko purchased the descent capsule of the Vostok 3KA-2 spacecraft at an auction in New York, the successful return of which to Earth in 1961 gave the green light to fly into space Yuri Gagarin.

The descent capsule of the Vostok 3KA-2 spacecraft, which in 1961 with a life-size astronaut dummy (Ivan Ivanovich) and the dog Zvezdochka circled the Earth, was sold at Sotheby's auction in New York for $2.9 million.

According to the representative of the auction house David Redden, the owner of the lot, estimated at $2-10 million, was Russian businessman Yevgeny Yurchenko, the former general director of Svyazinvest, now the chairman of the investment fund named after A.S. Popov.

Sending the capsule to Russia can be a certain difficulty, since the US State Department classifies it as a "space object." "She needs special licenses," Redden said. He added that the device was brought to the United States by a collector who acquired it in Russia many years ago through a private deal.

The descent vehicle was acquired by Yevgeny Yurchenko at his own expense, his representatives said. He himself specified CNews^[2]which in addition to him, buyers from the United States and China claimed to purchase the capsule. Delivery of the device to Russia, according to Yurchenko, will take about 10 days, after which its future fate will be announced.

The launch of the Vostok 3KA-2 unmanned spacecraft took place on March 25, 1961 for the last tests, 18 days before the flight into space of the first Earth cosmonaut, Yuri Gagarin.

The capsule of the Vostok 3KA-2 spacecraft is a genuine artifact of the Soviet space program - its successful return to Earth from space gave the green light to the space launches of manned spacecraft.

"East 3KA-2"

Having made one revolution around the Earth, the capsule landed safely near the village of Malaya Sosnovka near Izhevsk, having previously managed to eject the mannequin. The asterisk also made it safely to Earth, later becoming a "star" along with the legendary Squirrel and Arrow.

"Until now, Vostok was the only ship of this type that ended up outside our country," Yurchenko says. - With the support and participation of Sotheby's Russia, I managed to buy this lander, owned by a private person, at the Sotheby's auction in the United States in order to return it to Russia. It was especially pleasant to do this on April 12, 2011, the day of the 50th anniversary of the flight into space of the first cosmonaut of the planet. I hope that the descent vehicle of the Vostok spacecraft will take its rightful place in the expositions of domestic museums dedicated to the formation of Russian cosmonautics. "

Sale of Rostelecom shares to Konstantin Malofeev due to upcoming margin call

• On August 23, 2011, it became known that Yurchenko sold a stake in Rostelecom to Konstantin Malafeev. So, on August 22, 2011, Gazprombank published a disclosure of information, from which it follows that its share in the authorized capital of Rostelecom increased from 0.52 to 7.83%. At the same time, the share of ordinary shares owned by the bank in the operator increased from 0.56 to 8.4%. It is believed that Gazprombank traditionally acts in the interests of Marshal Marshall Capital Partner Malofeev.

Marshall Capital Partner increased its stake in Rostelecom from 7 to 10.4%, a source in one of the operator's minority shareholders confirmed to RBC daily. A source in a large investment bank also knows about the deal. "A significant part of almost three percent of the securities was bought by Mr. Malofeev's structures from Mr. Yurchenko," RBC daily interlocutors explain. Moreover, they note, most likely, this transaction occurred at the moment when the value of the securities reached the bottom. "Mr. Yurchenko was forced to sell his papers due to the upcoming margin call," explains one of RBC daily's interlocutors.

Shares of Rostelecom on August 12 fell in price by 14.58%. Their value at the time of closing of the exchange amounted to 128.98 rubles, reaching the level of September 2010. The company's securities traded below the market all week, but on this day the difference was very significant - the MICEX index showed an increase of 0.52% by the end of the day. Then RBC daily sources insisted that shareholders who used borrowed funds to conduct transactions may be forced to sell part of their securities. One of the most likely sellers was then called Mr. Yurchenko.

Based on the current market value, the 3.4% package can be valued at about $540 million. At the time of the fall in shares, its value could be just over 430 million.

Konstantin Malofeev announced the acquisition of a 7% stake in Rostelecom a year ago in an interview with RBC daily. Now its package is larger than the share of one of the largest representatives of the state - the DIA, which owns 7.43% of the operator. Another 2.43% is under the control of VEB. The Rostelecom, Svyazinvest, owns 43.37% of the operator.

• On September 28, 2011, former CEO Svyazinvest of Evgeny Yurchenko told Marker.ru that he would sell part of his ordinary shares to Rostelecom if the company made a secondary public offering (SPO) on the London Stock Exchange. Yurchenko made this statement in connection with the intention of Rostelecom in the coming days to send an application for the listing of ordinary and preferred shares on the London Stock Exchange. Rostelecom has already received permission from the Russian Federal Service for Financial Markets (FSFM) to place up to 24.99% of ordinary shares abroad and is waiting for a similar permission for preferred shares. Yurchenko also explained to Marker.ru whether his intention to sell Rostelecom shares is connected with plans to demand an extraordinary meeting of the company's shareholders to elect a new board of directors.

According to Yevgeny Yurchenko, if the secondary placement of Rostelecom shares on the London Stock Exchange takes place, he is ready to sell part of his ordinary shares of the company. Yurchenko is one of Rostelecom's largest minority shareholders: in the summer he told Marker.ru that he owns more than 11% of its ordinary shares. Today, Yurchenko stressed that the placement of Rostelecom shares in London can take place only after the company publishes at least one audited financial statements according to international standards. Prior to this, such placement is impossible. Therefore, now Yurchenko cannot name which stake he is ready to sell in London, since neither the terms nor the conditions for the placement are yet known.

At the end of July 2011, the Rostelecom Shareholders and Investors Association, headed by Yurchenko, announced that it would re-seek an extraordinary meeting of shareholders to elect a new board of directors of Rostelecom, after the first time this requirement was denied for formal reasons. However, until today, this requirement was never sent to Rostelecom.

Industry observers attribute this delay to the fact that Yurchenko may be monitoring the development of the situation with the placement of Rostelecom shares on the London Stock Exchange in order to decide whether it is more profitable for him to start selling shares during the placement or fighting for re-election of the board of directors. But today Yurchenko told Marker.ru that these two issues are not related and plans to convene an extraordinary meeting of Rostelecom shareholders to elect minority shareholders to its board of directors remain in force.

• In November 2011, Yevgeny Yurchenko does not abandon attempts to return to operational work at Rostelecom. As it became known to RBC daily^[5], selling his shares in Rostelecom to Suleyman Kerimov, he asked the businessman^[5] "ensure" a change in the operator's leadership until February 2012 and his appointment as head of Rostelecom instead of Alexander Provotorov. So far, Mr. Kerimov owns only 5.91% of the company's securities and cannot bring such a question to the board of directors. And the term of office of the current president of Rostelecom - Alexander Provotorov - expires only in the summer of 2012.

RBC daily managed to get acquainted with the text of the draft "additional agreement to the contract of sale of 5.91% of Rostelecom's ordinary shares (171 million units) owned by Yevgeny Yurchenko." The agreement, dated October 20, 2011, was drawn up between Mr. Yurchenko and Suleyman Kerimov, the controlling shareholder of Nafta-Moscow, through which, according to the document, the acquisition of the specified stake in Rostelecom will take place. The copy is curated by Evgeny Yurchenko, but there is no signature of Mr. Kerimov on it.

According to the text of this document, the transaction will be carried out at a price of "only 148 rubles. per share, regardless of their exchange value at the date of completion of the transaction." The transfer of funds under the transaction will take place in three tranches. The first two - for packages of 2% of Rostelecom shares each, the third - for 1.8% of the operator.

The transaction has not yet been completed: the parties agreed that the first tranche will be carried out on February 1, 2012, the second tranche - on February 12, the third - on February 15. The document says that the cost of servicing loans issued for Mr. Yurchenko and for which part of Rostelecom's shares are pledged is $7 million per month. These expenses - from October 2011 to February 15, 2012 - are promised to be borne by Nafta-Moscow. By this time, the deal must be fully completed.

In the event of a sharp change in the value of Rostelecom shares below 130 rubles. for paper and threats to margin call on shares owned by Mr. Yurchenko and pledged in various financial institutions, Nafta-Moscow "undertakes to ensure, on its own and at its own expense, the deposit of additional financial funds into accounts in these banks on behalf of Mr. Yurchenko so that the balance of the account exceeds the minimum margin."

The key point in the agreement is the sixth point. "Suleiman Kerimov undertakes to ensure the solution of the issue of changing the operational management of OJSC Rostelecom. Instead of the current CEO of the company, Mr. Provotorov, Mr. Yurchenko is appointed to this position. The deadline for the conclusion of the relevant employment contract with Mr. Yurchenko on behalf of OJSC Rostelecom is February 12, 2012. " The next paragraph of the agreement states that the minimum term of office of the head of OJSC Rostelecom for Mr. Yurchenko will be 2 (two) years - at least until February 12, 2014.

The draft agreement notes that it is an "integral part" of the sale and purchase agreement. "The parties state that for the implementation of the transaction... all terms and conditions of this Addendum, including Clause 6, shall be binding. If it is impossible to fulfill even one point from the above Additional Agreement, the transaction is canceled, "- said in the final part of the document.

A Nafta-Moscow spokesman declined to comment. "We only confirm the fact of the transaction, we cannot disclose the details," he said.

Evgeny Yurchenko denies the authenticity of the document, calling it a fake. "These are delusional fantasies that are spread by someone who benefits from it. And to whom it is beneficial, I do not know, "says Mr. Yurchenko. He clarified that the deal between him and Mr. Kerimov was "quite standard" and no additional agreements were concluded to it.

Rostelecom does not expect a change of leadership in the near future. The press service of RBC daily explained that the contract of Alexander Provotorov expires only in the summer of 2011. A source on the operator's board of directors explains that in order to initiate a change of leadership in the company, Mr. Kerimov will have to negotiate with the main shareholder of Rostelecom - the state - on joint actions. "But it's a very fantastic scenario. Or he needs to become the owner of the package, which currently belongs to the structures of Marshall Capital Partner. It is unlikely that Mr. Kerimov is interested in starting a war with one of the largest and most influential minority shareholders of Rostelecom, the source suggests.

The conclusion of such agreements, as a rule, accompanies any major transaction, market participants interviewed by RBC state daily. They recall how in the summer of 2000, businessman Vladimir Gusinsky was arrested. Later, he decided to sell Gazprom the Media-Most company, which owned the NTV channel. According to unconfirmed reports, Press Minister Mikhail Lesin then offered to drop all charges against Mr. Gusinsky and stop the investigation in exchange for this deal.

According to rumors, negotiations on the purchase of shares from Mr. Yurchenko were conducted not only by Mr. Kerimov, but also by Alfa Group, as well as Marshall Capital Partner. According to earlier information, Mr. Kerimov offered Mr. Yurchenko the best price - 160 rubles. for one share.

2018: Vice-Governor of Voronezh Region

From April to October 2018, Yevgeny Yurchenko was the vice-governor of the Voronezh region.

2020

Appointment to the post of President of ARAF

On February 29, 2020, Kommersant reported that the former vice-governor of the Voronezh region, ex-general director of telecommunications telecommunications and communications of the Svyazinvest holding Yevgeny Yurchenko, was elected the next president of the All-Russian Athletics Federation (ARAF) on an uncontested basis. Previously, he had no direct relationship to the leadership of sports structures. However, the situation in which ARAF, which has been under sanctions for doping violations for five years, pushed for it to be headed by a person from the outside.

In total, four candidates for the presidency were registered. In addition to Yevgeny Yurchenko, they were the head coach of the Russian national athletics team Yuri Borzakovsky, sports manager Mikhail Gusev and president of the Moscow Athletics Federation Oleg Kurbatov. But the day before the elections, ARAF announced that Mr. Yurchenko remained the only candidate. At the same time, only Yuri Borzakovsky announced the withdrawal of his candidacy. Messrs. Gusev and Kurbatov, according to them, did not submit applications.

But claims against the ARAF regarding the transformation of the elections into the approval of the proposed candidate (Mr. Yurchenko received 53 votes of the conference delegates with three abstentions and seven votes against) are hardly appropriate. Back in early February 2020, the full ARAF presidium resigned, having previously transferred the authority to hold a conference to the working group of the Russian Olympic Committee (ROC). At the same time, the Ministry of Sports of the Russian Federation suspended the state accreditation of ARAF.

The Ministry of Sports and the ROC agreed on their positions in advance and achieved the introduction of external management in the ARAF. It took to "restart" the federation, which has damaged relations with the International Athletics Federation (World Athletics, WA) over the past five years. Minister of Sports RFOleg Matytsin expressed the hope that now it will be possible to "start a different era in Russian athletics."

In March 2020, a meeting of the WA council will be held, at which a decision will be made on the membership of the ARAF and on the fate of our athletes, on their participation in international competitions. Restoring the right of athletes to speak is a priority, Minister Matycin said

The ARAF crisis came to a head in January 2020, when Athletics Integrity Union (AIU), an independent disciplinary body responsible for detecting negative phenomena in athletics, recommended that the WA Council expel ARAF due to the case of high jumper Danil Lysenko. He provided a fake medical certificate to explain the missing doping test, and WA had evidence that the ARAF leadership was involved in the story, including its president Dmitry Shlyakhtin (at the end of 2019 he resigned). As a result, WA suspended the process of restoring the status of ARAF, which fell under sanctions back in 2015, when the doping crisis in Russian sports was just beginning, and stopped issuing invitations to Russians to participate in international tournaments in neutral status. The WA statement noted that if ARAF persists in denying its guilt, the process of its exclusion will continue. But if ARAF admits guilt and shows that it is changing, the exclusion process will be suspended, and the Russians will again be able to play at international tournaments in neutral status.

To convince WA that ARAF was really changing, it required the election of a president who could not be suspected of having links with discredited athletics functionaries.

Evgeny Yurchenko satisfies such requirements. He was not previously associated with sports structures. But he has experience in positions in both state and commercial structures.

As Komersant notes, after his election, Yevgeny Yurchenko said what he would like to hear in WA. He said that he would make a statement on the "Lysenko case" and that ARAF was ready to admit problems with doping. Earlier, a letter of explanation to WA was sent by Minister Matycin. This may be enough to translate the situation with ARAF into a working direction. But it is too early to talk about the complete and imminent end of the crisis. Indeed, WA noted that even if the Russian side recognizes its responsibility, it will only be about developing a plan to restore the status of ARAF at the first stage.

According to Mr. Yurchenko, a meeting of ARAF representatives with the WA working group on the restoration of Russian membership will take place^[6].

Leaving the post of president of ARAF

On July 13, 2020, Yevgeny Yurchenko announced his resignation from the post of president of the All-Russian Athletics Federation (ARAF). He served in this position for less than five months.

2021

Statement of divestment of interest in Renaissance Credit without payment

Mikhail Prokhorov's Onexim Group consolidated 100% of Renaissance Credit. This is evidenced by the data of the Central Bank of January 15, 2020. Prior to that, the group owned 86% of the bank's shares, another 7.5% was owned by co-owner of Mercury Group Igor Kesaev and 6.5% by the former general director of Svyazinvest, now co-owner of the United Aircraft Corporation Yevgeny Yurchenko. According to the latter, he learned from the disclosure of information on the Central Bank website that he is no longer a shareholder of Renaissance Credit. At the same time, he did not receive any payments for his share.

According to the Central Bank, in 2020, the Russian structure of Treasurer-Financinvest LLC became the sole owner of the bank. If earlier it was owned by RCF EUROPE B.V., now it is owned by Doosti Enterprises Limited. According to Yevgeny Yurchenko, he was not notified of the change in the ownership structure, as a result of which he dropped out of the bank's beneficiaries.

According to the businessman, he joined the board of directors of the bank. "There was also an agreement that my share of the bank's ownership would be transferred to Russian jurisdiction, but this never happened," Yurchenko says. While he was a shareholder of the bank, its structures were negotiating with Onexim on the promised restructuring. As a result, at the end of 2019, the restructuring took place, but Yurchenko found that he was no longer included in the bank's beneficiaries.

Kesaev also disappeared from among the beneficiaries, but, according to a Forbes source close to the bank, unlike Yurchenko, Kesaev was paid for his share - Onexim returned the funds invested in the bank to him with interest close to interest on deposits. Abramov, according to a Forbes source, left the bank's capital several years ago and also received money for his stake.

For all the time while Yurchenko was a co-owner of the bank, Renaissance Credit paid dividends once - 300 million rubles in 2019, but Yurchenko also did not receive them. Now, according to the businessman, he is negotiating with Onexim, and if they do not lead to a settlement of the situation, then he will file claims with the court.

"All corporate actions in the holding structures of Renaissance Credit Bank were carried out in full compliance with Russian and international law. As far as we know, no one has filed a complaint with the court about our actions. Everything is according to the law and in accordance with business logic, "Forbes said in Onexima.

According to Forbes, at the beginning of 2021, the value of the bank is $235 million. Based on this, Yurchenko's share may cost $15 million.

Joining the number of co-owners of the Rostov bank "Rostfinance"

On April 21, 2021, Yevgeny Yurchenko was among the co-owners of the Rostov bank Rostfinance. Former CEO of Svyazinvest and former co-owner, member of the board of directors of Renaissance Credit Bank received 9.18% of the authorized capital of the credit institution, according to data from the SPARK-Interfax system.

In total, Rostfinance has eight owners - individuals. Arkady Skorov and Maryam Khalipaeva each own 19.99%, Evgeny Lyalkov - 11.67%, Renat Aigistov - 9.99%. Another 9.9% each for Andrei Prokhvatilov and Yanina Semenova, 9.56% for Victoria Barzaeva.

At the end of 2020, Rostfinance took 207th place in terms of assets in the Interfax-100 ranking prepared by Interfax-CEA.

By April 2021, Evgeny Yurchenko is the president of the Investment Assistance Fund named after A.S. Popov, is a member of the board of directors of PJSC United Aircraft Corporation (not included in the list for re-election at the meeting at the end of 2020).

At the beginning of 2021, a shareholder scandal erupted in Renaissance Credit: after Mikhail Prokhorov's Onexim Group consolidated 100% of the bank's shares, Yevgeny Yurchenko, who owned 6.5% of the shares, said that he was deprived of his share without paying. According to Yurchenko, he learned from the disclosure of information on the website of the Central Bank of the Russian Federation that he is no longer a shareholder of Renaissance Credit.

For all the time while Yurchenko was a co-owner of the bank, Renaissance Credit paid dividends once - 300 million rubles in 2019, but Yurchenko also did not receive them. At the beginning of 2021, the businessman was negotiating with Onexim and said that if they did not lead to a settlement of the situation, then he would file claims with the court.^[7][8]

2022: Investing 40 billion rubles in Donbass plants

On November 22, 2022, it became known about the investments of Yevgeny Yurchenko in the seven largest metallurgical enterprises of the Donetsk and Lugansk People's Republics. According to the former head of Svyazinvest, he invested his own and raised funds. At the same time, he did not name the partners.

Earlier, the Donbass authorities transferred the enterprises under the control of the Southern Mining and Metallurgical Complex (YUGMK), headed by Yurchenko. It was clarified that due to the activities of the former manager, the head of Vneshtorgservice, Sergei Kurchenko, chronic wage arrears were formed at the factories. According to Yurchenko, several hundred people went to work at enterprises included in the orbit of YUGMK from the Azovstal plant in Mariupol. According to Yurchenko, he paid off all debts of Donbass enterprises on salaries and taxes, their debts to contractors and power engineers, as well as Donetsk and Lugansk railways.

In 2022, the production of plants under the control of YUGMK will amount to more than 2 million tons of metal products, the plan for the next year is 3-3.5 million tons, the businessman expects. At the same time, in October last year, he gave a more optimistic forecast for 2022 - 5 million tons. Since the beginning of the special operation, production at factories fell by an average of 30%, up to 20% of employees were mobilized, Yurchenko explains.

By November 2022, YUGMK sells all manufactured steel products in Russia. Earlier it was reported that the company delivered metal products for more than 2 billion rubles. Uralvagonzavod, which produces armored vehicles and rolling stock for railways. Supplies are also going to Russia for the construction complex, housing and communal services, machine builders and pipe manufacturers, Yurchenko says. At the same time, YUGMK does not consider export supplies.^[9]

Awards

September 24, 2010 it became known that the President of the Russian Federation Dmitry Medvedev awarded (by decree No. 1147 of September 21) the Order of Merit to the Fatherland, II degree, General Director of Svyazinvest OJSC Yevgeny Yurchenko. The award took place at a time when the resignation of Yurchenko from his post was considered an almost resolved matter.

Notes