Arkady Rotenberg

Arkady Rotenberg

Rotenberg in 2013 after receiving a medal
Born Arkady Romanovitch Rotenberg
(1951-12-15) 15 December 1951
Leningrad, Russian SFSR, Soviet Union
Residence Odintsovsky District, Moscow Oblast, Russia
Nationality Russian
Alma mater Lesgaft National State University of Physical Education, Sport and Health[1]
Occupation Cofounder of SMP Bank, Head of SGM
Net worth Increase $1.26 billion [2]
Children 5

Arkady Romanovitch Rotenberg (Russian: Аркадий Романович Ротенберг, born December 15, 1951 in Leningrad) is a Russian businessman and oligarch. He is co-owner (with his brother Boris Rotenberg) of the SGM (Stroygazmontazh) group, the largest construction company for gas pipelines and electrical power supply lines in Russia. He was listed by Forbes in 621st place among the world's wealthiest persons in 2014.[2] He is considered a close confidant of president Vladimir Putin.[3] As of January 2016, Forbes estimates his fortune at $1.26 billion. He is subject to personal sanctions by the US government related to the events during the Ukrainian crisis.

Biography

Rotenberg is of Jewish ancestry.[4][5] In 2001, he and his brother founded the SMP bank, which operates in 40 Russian cities with over 100 branches, more than half of them in the Moscow area. SMP oversees the operation of more than 900 ATM-machines.

Rotenberg is the president of the Hockey Club Dynamo Moscow. In 2013 he became a member of the committee of the International Judo Federation.[2]

In 2013 Rotenberg became the chairman of the Enlightenment Publishing House, which had once been the biggest supplier for textbooks in the Soviet Union. After Enlightenment became a private company in 2011, the government of the Russian Federation started to make several changes in that sector. In 2013 an internal council was formed by the Ministry of Education to check all textbooks. Many of Enlightenments competitors books did not pass this new evaluation and so Enlightenment won about 70% of the contracts for new textbooks in the Russian Federation in 2014.[6]

When Italy, based on the sanctions, seized property of Rotenberg, the Russian Federation issued a new Law, allowing Russians, hit by sanctions, to get compensated by the state. The law is known as "Rotenberg Law".[6]

Rotenberg was named in the Panama Papers.[7]

Sanctions

As a result of the 2014 Crimean crisis, the federal government of the United States under Barack Obama blacklisted the Rotenberg brothers and other close friends of the Russian president, including Sergei Ivanov and Gennadi Timchenko.[8][9][10][11][12][13]

References

  1. ↑ Rottenberg, Arkady Romanovich // Kommersant.
  2. 1 2 3 World's Billionaires #1324 Arkady Rotenberg 14.01.2016, Forbes
  3. ↑ Becker, Jo; Lee Myers, Steven (1 November 2014). "Putin's Friend Profits in Purge of Schoolbooks". New York Times. Retrieved 4 April 2016.
  4. ↑ Sheldon Kirshner (23 Nov 2015). "Russia's New Tsar". THE TIMES OF ISRAEL. Retrieved 9 December 2015.
  5. ↑ Paul Roderick Gregory (14 Oct 2014). "Putin's Reaction To Sanctions Is Destroying The Economy And China Won't Help". Forbes. Retrieved 9 December 2015.
  6. 1 2 Jo Becker and Steven Lee Myers: "Putin’s Friend Profits in Purge of Schoolbooks" NYT 1. November 2014
  7. ↑ "Panama Papers: The Power Players". International Consortium of Investigative Journalists. Archived from the original on April 4, 2016.
  8. ↑ "Executive Order - Blocking Property of Additional Persons Contributing to the Situation in Ukraine". The White House - Office of the Press Secretary.
  9. ↑ "Treasury Sanctions Russian Officials, Members Of The Russian Leadership's Inner Circle, And An Entity For Involvement In The Situation In Ukraine". US Department of the treasury.
  10. ↑ "Ukraine-related Designations".
  11. ↑ "Specially Designated Nationals List (SDN)".
  12. ↑ Shuklin, Peter (March 21, 2014). "Putin's inner circle: who got in a new list of US sanctions". liga.net. Archived from the original on February 7, 2015. Retrieved February 20, 2016.
  13. ↑ President of The United States (March 19, 2016). "Ukraine EO13661" (PDF). Federal Register. Retrieved February 20, 2016.

External links

Media related to Arkady Rotenberg at Wikimedia Commons

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