Support The Moscow Times!

Russian Billionaires Supply Kremlin’s Army, Military-Industrial Complex – Proekt

Putin at a meeting of the Congress of the Russian Union of Industrialists and Entrepreneurs in March 2023. kremlin.ru

At least 81 Russian billionaires have business links to Russia’s military or to annexed Ukrainian territories amid the war in Ukraine, the independent investigative outlet Proekt reported Monday.

Most of these individuals have stayed silent on the war, with some reportedly criticizing it in private conversations. Despite their links to Russia’s war machine, 34 of these oligarchs have only been sanctioned by Kyiv and not by any of its Western allies, Proekt said. And some have sought to appeal for the West to lift the war-related sanctions against them.

Billionaire and steel magnate Alexei Mordashov; Norilsk Nickel president Vladimir Potanin; Alisher Usmanov and Arkady Rotenberg are among the Russian businessmen whose enterprises have supplied the Russian army, Proekt said.

Proekt searched for public state contracts between companies wholly or partially owned by Forbes’ most recent list of the 200 richest Russians and Russian military factories, the Defense Ministry or the National Guard (Rosgvardiya).

The outlet lists detailed information about the 81 tycoons’ companies and the business links between these enterprises and Russia’s military, tracing a line from the billionaires to certain incidents or atrocities allegedly committed by the Russian army in Ukraine.

Proekt’s journalists reported that the BMD-4 amphibious infantry fighting vehicles, which the Russian army used in Ukraine’s Bucha for at least one documented shooting at a civilian car, were produced with the help of companies owned by Russian tycoons.

Rusal Ural, co-owned by oligarch Victor Vekselberg, supplies aluminum powder to the manufacturer of the Arkan missiles used by the BMD-4Ms, Proekt said.

Prior to the launch of the war last year, Vekselberg said in an interview that "there are no people who want a war" in Russia.

Oleg Deripaska, who owns the enterprise Barnaultransmash, has also supplied aluminum powder for the manufacture of Arkan missiles, Proekt reported.

Following the invasion of Ukraine, Deripaska said that peace was needed “as soon as possible” and stressed that “destroying Ukraine would be a colossal mistake.”

Proekt also detailed how Russian oligarchs including Alexei Mordashov, Mikhail Fridman, Yuri Kovalchuk, Petr Aven and others have been linked to the manufacture of the AK-100 series of Kalashnikov rifles used in Ukraine.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more