|
ONEKSIM Bank
ONEXIM Bank () (United Export-Import Bank) was a Russian joint-stock commercial bank. It was founded in 1993 in Moscow. In 2000, it was merged into Rosbank. The shareholders of "Rosbank" and "ONEXIM Bank" approved the reorganization of AKB "Rosbank" by merging "ONEXIM Bank" into it at a general meeting on September 14, 2000. The chairman of the board of "ONEXIM Bank," Mikhail Prokhorov, was included in the board of directors of the reorganized "Rosbank," as approved by the shareholders. "ONEXIM Bank" completed the restructuring of its debt to creditors on July 3, 2000, paying them 105 million dollars. Mikhail Prokhorov, when creating the investment fund "ONEXIM Group" in May 2007, emphasized that he named his fund after the bank of the same name, from which he and his partner Vladimir Potanin started their business in the early 1990s. According to him, the name "ONEXIM Group" has a hidden meaning: "despite attempts to declare 'ONEXIM' bankrupt, it fulfilled all its obligations to c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Joint Stock Company
A public joint-stock company, abbreviated PJSC (, abbreviated ) or open joint-stock company, abbreviated OJSC (, abbreviated ), is a type of company in many successor states of the Soviet Union, particularly in Russia. Its distinguishing feature is the right of stockholders to trade in stocks without the permission of other stockholders. These public stock companies are somewhat comparable to corporations under US law. Examples in CIS See also * Types of business entity in Russia * Government-owned corporation#Belarus * Unitary enterprise A unitary enterprise () is a government-owned corporation in Russia and some other post-Soviet states. Unitary enterprises are business entities that have no ownership rights to the assets that they use in their operations. This form is possibl ... References External links Public joint-stock companyat International Legal Corporation Economy of Russia Types of business entity {{Russia-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moscow
Moscow is the Capital city, capital and List of cities and towns in Russia by population, largest city of Russia, standing on the Moskva (river), Moskva River in Central Russia. It has a population estimated at over 13 million residents within the city limits, over 19.1 million residents in the urban area, and over 21.5 million residents in Moscow metropolitan area, its metropolitan area. The city covers an area of , while the urban area covers , and the metropolitan area covers over . Moscow is among the world's List of largest cities, largest cities, being the List of European cities by population within city limits, most populous city entirely in Europe, the largest List of urban areas in Europe, urban and List of metropolitan areas in Europe, metropolitan area in Europe, and the largest city by land area on the European continent. First documented in 1147, Moscow became the capital of the Grand Principality of Moscow, which led the unification of the Russian lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rosbank
Rosbank (Russian: Росбанк) was formerly a Russian universal bank and is currently a branch of T-Bank with its own brand focused on corporate clients. In October 2024, Rosbank ranked 11th among Russian banks in terms of assets (2113 billion). According to Forbes Russia, Rosbank was the third most reliable Russian bank in 2024. History Founded in 1993 under the name of AKB Nezavisimost (Independence), the legal status of the bank has evolved several times (1994: TOO, 1996: ZAO). In September 1998, Interros holding company bought the bank and renamed it to Joint Commercial Bank (JCB) "Rosbank". In 1999 the bank's legal status changed to Open Joint Stock Company (OJSC). On 21 November 2000, the Vladimir Potanin and Mikhail Prokhorov associated bank ONEKSIM bank (akas: Uneximbank; Onexim Bank; Oneksimbank) merged with Rosbank. In 2006 Société Générale acquired 20% of Rosbank with an option to purchase an additional package of 30% +2 shares for US$1.7 billion till the en ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of Bank regulation, regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mikhail Prokhorov
Mikhail Dmitrievich Prokhorov (; born 3 May 1965) is a Russian-Israeli oligarch and politician. He was also an owner of the Brooklyn Nets. After the collapse of the Soviet Union, Prokhorov obtained Russian state-owned metals assets at prices far below market value in Russia's controversial loans-for-shares privatization program. His company, Norilsk Nickel, became the world's largest producer of nickel and palladium. He is the former chairman of Polyus Gold, Russia's largest gold producer, and the former President of Onexim Group. As of December 1, 2021, '' Bloomberg Billionaires Index'' estimates his wealth at US$14.0 billion and has named him the 148th richest person in the world, while '' Forbes Magazine'' lists his wealth at US$11.5 billion and the 193rd richest person in the world. In 2011, Prokhorov ran as an independent candidate in the 2012 Russian presidential election. He was third in voting, amassing 7.98 percent of the total vote. In June 2012, he declared the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vladimir Potanin
Vladimir Olegovich Potanin (; born 3 January 1961) is a Russian oligarch. He acquired his wealth notably through the controversial loans-for-shares program in Russia in the early to mid-1990s. As of May 7, 2025, Forbes ranked 81st richest in the world, with a net worth of $24.2 billion. His long-term business partner was Russian-Israeli oligarch Mikhail Prokhorov until they decided to split in 2007. Subsequently, they put their mutual assets in a holding company, Folletina Trading, until their asset division was agreed upon. In January 2018, Potanin appeared on the US Treasury's "Putin list" of 210 individuals closely associated with Russian president Vladimir Putin. In June 2022, United Kingdom, the UK has imposed sanction on Potanin for being one of the major oligarchs in "President Vladimir Putin’s inner circle." Early life and education Potanin was born in Moscow, in the former USSR, into a high-ranking Russians, Russian communist family. In 1978, he attended the f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loans For Shares Scheme
Beginning in 1995, Boris Yeltsin's government began privatizing state-owned shares in companies through a loans for shares scheme. The scheme helped with "fundraising" for Yeltsin's 1996 reelection campaign and restructuring freshly-sold companies at the same time (in order to outweigh communist sympathizers as one source speculated). Russian bankers constituted the majority of those who have provided the funds (see ). The rest included such entities as Stolichny bank () and World Bank (who made a loan for a small percentage of the Sibneft oil company) and even some targeted investments from USAID in assistance to Chubais, according to Richard Morningstar, a U.S. aid coordinator for the former Soviet Union. The scheme was primarily overseen by Anatoly Chubais who was linked to USAID program managed by head of the Harvard Institute for International Development (HIID) at the time. The scheme implementation ultimately resulted in the emergence of an influential class of ente ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sidanko
Sidanko also transliterated as SIDANCO (Сиданко; ) was a Russian oil company, the 8th largest company in the country by revenue in 1995. Sidanko owned several oil production units, including Chernogorneft and Udmurtneft. History Sidanko was established through the Decree No. 452 of the Russian government, published on 5 May 1994. The company counted among its assets oil extraction and processing facilities in the Udmurt Republic and in the Khanty-Mansiysk, Yamalo-Nenets, Irkutsk and Sakhalin regions. It was privatized in December 1995, when the Russian government auctioned off a 51% share as part of the loans for shares scheme. The 51% stake was awarded to the bank Mezhdunarodnaya Finansovaya Kompaniya in return for a $130 million loan, guaranteed by Vladimir Potanin's Uneximbank. The company came under the ownership of Uneximbank, which exercised control over it through the Interros holding company. An additional 34% stake was sold by the government in September 1996, i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norilsk Nickel
Norilsk Nickel (), or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia. It also has holdings in Nikel, Zapolyarny, and Monchegorsk on the Kola Peninsula, in Harjavalta in western Finland, and in South Africa. Headquartered in Moscow, Norilsk Nickel is the world's largest producer of refined nickel and the 11th largest copper producer. The company is listed on MICEX-RTS. As of March 2021, its key shareholders were Vladimir Potanin's Olderfrey Holdings Ltd (34.59%) and Oleg Deripaska's Rusal (27.82%). In December 2010, Norilsk Nickel made a share buyback offer for Rusal's 25% share in the company for $12 billion, but the offer was declined. In 2012, Potanin's Interros holding, Rusal, and Roman Abramovich signed a shareholder agreement on the size of dividend payouts to end a conflict over the matter, as well as issues around the company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Novorossiysk Shipping Company
Novorossiysk Shipping Company (Novoship) was a Russian shipping company and one of the largest in the country. The full name was ''Public Joint-Stock Company "Novorossiysk Shipping Company"''. The headquarters were located in Novorossiysk. History The company was founded in 1964. In 1967, it became an independent enterprise, as on 20 January 1967, the tanker division of the Black Sea Shipping Company separated. The fleet was transferred to the Novorossiysk Shipping Company, founded in 1964, with the aim of effectively managing the operations of the oil tanker fleet and ports in the Black Sea basin, eliminating multi-tiered management, and more promptly addressing transportation issues with the Ministry of Foreign Trade of the USSR and other interested organizations. In 1992, the company was privatized. In mid-June 2007, Russian President Vladimir Putin signed a decree to form a new company based on ''Sovcomflot'' and ''Novoship''. According to this decree, within nine month ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Novolipetsk Steel
Novolipetsk Steel, or NLMK, is one of the four largest steel companies in Russia. NLMK's share of domestic crude steel production is about 21%. It primarily produces flat steel products, semi-finished steel products and electrical steels. NLMK also produces specialty coated steels, plus high-ductility and micro-alloyed steels. It is the 21st-largest steel maker in the world. The larger NLMK group owns a number of other steel and mining industries, mostly in Russia. History Historically, the Lipetsk area in central Russia has had substantial iron ore deposits. In 1702, Peter the Great ordered the construction of an iron foundry there. In 1931, Novolipetsk Iron and Steel began construction of a plant on the site of the iron ore mine. Prospering down through the decades, Novolipetsk became a joint-stock company in 1992 and then in 1993 began the process of privatization by distributing company shares to its employees. The company seems to be acquisitive; see list of related orga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
