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

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
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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 {{Russia-company-stub