Renova Group is a Russian
conglomerate with interests in
aluminium
Aluminium (or aluminum in North American English) is a chemical element; it has chemical symbol, symbol Al and atomic number 13. It has a density lower than that of other common metals, about one-third that of steel. Aluminium has ...
, oil, energy,
telecoms
Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...
and a variety of other sectors. The main owner and president is
Viktor Vekselberg
Viktor Felixovich Vekselberg (born April 14, 1957) is a Russian-Israeli businessman and oligarch. He is the founder and chairman of Renova Group, a Russian conglomerate. According to ''Forbes'', as of November 2021, his fortune is estimated at ...
who founded the company in 1990.
The Renova Group is primarily active in Russia, the
C.I.S. states, Switzerland, South Africa and the United States. Its major assets include participation in the oil company
TNK-BP
TNK-BP (, ) was a major vertically integrated Russian oil company headquartered in Moscow. It was Russia's third-largest oil producer and among the ten largest private oil companies in the world. In 2013 it was acquired by Russian oil company R ...
and in aluminum producer
RUSAL.
Renova maintains very close ties to both
Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in West Asia. Located in the centre of the Middle East, it covers the bulk of the Arabian Peninsula and has a land area of about , making it the List of Asian countries ...
and the
Arab world
The Arab world ( '), formally the Arab homeland ( '), also known as the Arab nation ( '), the Arabsphere, or the Arab states, comprises a large group of countries, mainly located in West Asia and North Africa. While the majority of people in ...
as a member of the Russian-Saudi Economic Council and the Russian-Saudi and Russian-Arab Business Councils which are part of the
Chamber of Commerce and Industry (CCI).
Vladimir Yevtushenkov
Vladimir Petrovich Yevtushenkov (; born 25 September 1948) is a Russian billionaire business oligarch. He is the majority owner (49.2%) and former сhairman of Sistema. As a member of the Russian-Saudi Economic Council and as chairman since 200 ...
, who founded and controls
Sistema
AFK Sistema PAO is a large Russian conglomerate company, founded by Vladimir Yevtushenkov, who was chairman of the corporation's board of directors until 2022. In April, Yevtushenkov's shareholding in Sistema has decreased to 49.2%, and he also ...
, is the chairman of both the Russian-Saudi and Russian-Arab Business Councils since 2002.
In 2010 Renova Group entered into an agreement to provide funding for
Fort Ross
Fort Ross (, , Kashaya: ) is a former Russian establishment on the west coast of North America in what is now Sonoma County, California. Owned and operated by the Russian-American Company, it was the hub of the southernmost Russian settlemen ...
. It is parent company of
private equity firm
A private equity firm or private equity company (often described as a financial sponsor) is an investment management company that provides financial backing and makes investments in the private equity of a Startup company, startup or of an existin ...
Columbus Nova
Columbus Nova is an investment company founded in 2000 by Andrew Intrater, who serves as the company's chief executive officer and is cousin to Russian oligarch Viktor Vekselberg.
History
On September 17, 2013, online music service Rhapsod ...
.
United States sanctions
In April 2018, the United States Treasury announced that it would impose
sanctions on several Russian oligarchs, including
Viktor Vekselberg
Viktor Felixovich Vekselberg (born April 14, 1957) is a Russian-Israeli businessman and oligarch. He is the founder and chairman of Renova Group, a Russian conglomerate. According to ''Forbes'', as of November 2021, his fortune is estimated at ...
and Renova Group. The sanctions were due to alleged tampering in the
2016 United States presidential election
United States presidential election, Presidential elections were held in the United States on November 8, 2016. The Republican Party (United States), Republican ticket of businessman Donald Trump and Indiana Governor, Indiana governor Mike P ...
by Russian entities (including Vekselberg), and other unspecified activities.
References
External links
Renova Group website��
Made in Russia.ru: catalogue of Renova Group
Conglomerate companies of Russia
Conglomerate companies established in 1990
Non-renewable resource companies established in 1990
1990 establishments in Russia
Russian entities subject to U.S. Department of the Treasury sanctions
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