Support The Moscow Times!

Russian Tycoon Potanin Caught Up in Damages Lawsuit

Vladimir Potanin

One of Russia's richest men, Vladimir Potanin, has been named a co-defendant in a case in which state development bank Vneshekonombank is seeking damages for losses from the liquidation of a company in which he indirectly owned a stake, the Finance Ministry said.

The case comes as Potanin, who is also a shareholder in world No. 2 nickel producer Norilsk Nickel, is fighting a financial claim from former wife Natalya.

The ministry said on Friday VEB had lodged a claim to Moscow's arbitration court over losses arising from the liquidation of a company called Roskhlebprodukt.

It said Potanin was engaged in the case as a co-defendant due to his role as the owner of a stakeholder in Roskhleboprodukt, a private company importing small amounts of grain.

Anton Muravyev, a spokesman for Potanin's investment vehicle Interros, said he had not seen the document and couldn't comment on the details of the case.

The ministry did not provide further information. According to local press reports, VEB — which is acting on behalf of the financial ministry — is seeking more than $68 million in damages from Potanin and other defendants.

Potanin is seen as close to Russian President Vladimir Putin. Last week, he took part in an ice hockey match with the Russian leader.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.