Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Billionaire Mulls Running for Moscow Region Governor

Billionaire Gleb Fetisov is considering running in the Moscow region gubernatorial election in September, representing the pro-Kremlin Green Alliance — People's Party, Forbes reported, citing sources close to Fetisov.

Fetisov, whose fortune is estimated at $1.3 billion by Forbes magazine, made his money in the telecommunications business before being elected to the Federation Council in 2001. He was a member of the parliament's upper house until 2009.

He is a co-owner of banking group Moi Bank and a shareholder of Altimo, Alfa Group's telecommunications division.

Gleb Fetisov

The senator's plan to run for governor in the Moscow region was revealed by a friend of his, Forbes reported.

The Moscow region is currently run by United Russia heavyweight Andrei Vorobyov, a former businessman who co-owned a fishing company before becoming a politician.

Fetisov declined to speak about his plans, but said that his Green Alliance — People's Party is planning to field a candidate for the upcoming elections.

One of the party's leaders is former environmental official Oleg Mitvol, known to have ties to the Kremlin. Mitvol ran in the October 2012 mayoral election in the Moscow region city of Khimki and was accused of being a spoiler for local opposition leader Yevgenia Chirikova.

Fetisov, who kept a low profile while in the Federation Council, has recently become more active in politics.

In November he co-wrote a report with left-leaning economist Sergei Glazyev, advocating modernization of the Russian economy by means of building new manufacturing industries from scratch. ? 

They argued that the pervasiveness of offshore entities was a threat for Russia. President Vladimir Putin called for a "de-offshorization" of the economy in his state-of-the-nation address in December.

In December, both Fetisov and Mitvol wrote an open letter to Putin, asking him to reshuffle the Cabinet and fire Prime Minister Dmitry Medvedev.

Related articles:

… 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.

paiment methods
Not ready to support today?
Remind me later.

Read more