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Timchenko Gennady is a prominent figure in Russia’s business and political circles. He is of Russian and Finnish descent and is worth a billion dollars. He is well-known for his close connections to the current President of Russia, Vladimir Putin, as well as his vast business empire, which extends across a variety of industries, including oil and gas as well as transportation.
Early Years of Timchenko Gennady’s Life and Career
Timchenko was born in the city of Leninakan, Armenian SSR, in 1952; this city is now known as Gyumri, Armenia. However, Timchenko Gennady spent the early years of his childhood in the city of Kuopio, Finland. After that, he made the move to Leningrad, which is now known as Saint Petersburg, and attended the Leningrad Institute of Engineering and Economics until he graduated in 1976.
After receiving his degree, Timchenko Gennady worked for the Ministry of Foreign Trade of the USSR for a number of years, during which time he gained significant experience in the field of international trade. In 1988, he was one of the co-founders of the company that would later be renamed Gunvor Group Ltd and become one of the largest independent commodity trading firms in the world.
The Gunvor Group, Limited
Trading crude oil, petroleum products, natural gas, and liquefied natural gas (LNG) are the four primary commodities that Gunvor Group Ltd. focuses on. The company has major offices in Geneva, Singapore, and Houston, and its operations span more than one hundred countries worldwide.
Timchenko Gennady served as the CEO of Gunvor Group Ltd from the company’s inception until 2014, when, due to concerns over sanctions imposed by the United States, he sold his stake in the company to his business partner Torbjorn Tornqvist. When he left the company, Gunvor Group Ltd. had a yearly revenue of more than ninety billion dollars.
Other Business Ventures
Timchenko Gennady has interests in a number of different companies in addition to his involvement with Gunvor Group Ltd. He has investments in a number of different transport companies, including Sibur Holding, which is one of the largest petrochemical companies in Russia, and he owns a controlling stake in Novatek, which is Russia’s largest independent natural gas producer.
Relations in Politics and Contentious Issues
In recent years, Timchenko Gennady’s connections to Vladimir Putin have been the subject of increased scrutiny. He is rumored to be a close confidant of Russian President Vladimir Putin and a member of Putin’s inner circle at the same time. Following Russia’s annexation of Crimea in 2014, the United States government imposed sanctions on Timchenko Gennady and several of his associates, citing their alleged involvement in “threatening the peace, security, stability, sovereignty, or territorial integrity of Ukraine.” These sanctions were imposed because of the alleged involvement of Timchenko Gennady and his associates in “threatening the peace, security, stability, or sovereignty of Ukraine.”
Timchenko Gennady continues to be a prominent figure in Russia’s business and political circles despite the controversies that have surrounded him. He has been involved in a variety of philanthropic endeavors, one of which was the establishment of the Timchenko Gennady Foundation, which provides financial assistance to educational institutions, cultural organizations, and sports organizations in Russia.
Timchenko Gennady is a Russian-Finnish billionaire whose vast business empire extends across a variety of industries, including the oil and gas industries as well as the transportation industry. It is well known that he has close ties to the President of Russia, Vladimir Putin, and these connections have been the subject of controversy and scrutiny. Despite this, Timchenko Gennady continues to be a prominent figure in Russia’s business and political circles, and his philanthropic efforts have contributed to the nation’s advancement in the areas of education, culture, and athletics.