Sergei Chemezov: Oligarch and Former KGB Agent in Putin’s Circle

Olena Ivanova By Olena Ivanova
33 Min Read

Originally Syndicated on July 31, 2023 @ 10:33 am

Introduction

Sergei Chemezov, the CEO of Rostec Corporation, a state-owned defence conglomerate, is a Russian businessman and former KGB agent. Vladimir Putin considers him approaching one of his closest allies and notices him as the “key to Putin’s power.

Sergei Chemezov’s Education

Sergei Chemezov, born on August 20, 1952, in Cheremkhovo, Irkutsk Oblast, is a distinguished individual with a remarkable academic background. He earned his honours degree from the Irkutsk Institute of National Economy, now known as Baikal State University of Economics and Law, in 1975. Subsequently, he pursued his postgraduate education at the Military Academy of the General Staff of the Armed Forces of Russia, further enhancing his knowledge and expertise.

Chemezov holds a doctorate in economics and holds esteemed positions as a professor and full member at the Military Academy. His extensive experience in the field includes valuable contributions as an engineer, research associate, and chief laboratory assistant at the Irkutsk Scientific and Research Institute of Rare and Nonferrous Metals. During six months from October 15, 1975, to April 28, 1976, he was actively engaged in providing economic evaluations of deposits.

Notably, this period of his career coincided with the paperwork processing for his entrance into the ranks of the KGB, where he would go on to make significant contributions to the organization. Sergei Chemezov’s outstanding academic achievements and professional experiences have undoubtedly shaped his successful journey in the world of economics and national security.

Family Background

Sergey Chemezov has been married twice. His first wife, Lyuba, died in 2009. He is recently married to Yekaterina Ignatova. She is a trained planning engineer. They have four children together.

Chemezov’s eldest son, Stanislav, is a thirty per cent shareholder of Medfarmtekhologia and a member of the board of directors of AvtoVAZEnergo. He is also the co-owner of the Meridian hotel facilities in Gelendzhik.

Chemezov’s second son is studying at a medical institute. His youngest son, Sergey, is in primary school. His daughter is a graduate student at MGIMO University.

In addition to his family, Sergei Chemezov is also a shareholder in several companies, including Kate LLC, a company that develops and manufactures automatic gearboxes, and Étage, a chain of nineteen restaurants in Moscow. He is also the chairman of the board of directors of Interbusinessgroup, which holds via structural companies such commercial organizations as Independent Insurance Group LLC, Oborontsement JSC, and Oborontsement-energo LLC.

Sergei Chemezov’s Career diversity and proximity to Putin

Sergey Chemezov worked as a KGB agent in East Germany from 1980 to 1988. He met Vladimir Putin and Nikolay Tokarev while in East Germany, and they became friends. Chemezov served as the head of the Luch Association representative office in East Germany, and Putin and Tokarev worked for his KGB boss, Lazar Matveev.

After leaving East Germany, Chemezov worked as deputy CEO of the Sovintersport Foreign Trade Association from 1988 to 1996. Sovintersport held a monopoly on Soviet sports with the West, and the name was a portmanteau of Soviet, International, Export, and Sport, formed by Putin and Chemezov.

Here are some additional key details about Chemezov’s time in East Germany:

  • He lived in the same block of flats in Dresden as Putin.
  • He worked for the same KGB boss as Putin.
  • He and Putin became friends.
  • He was the head of the Luch Association’s representative office in East Germany.

Here are a few further details about Sovintersport:

  • It held a monopoly on Soviet sports in the West.
  • The name was a portmanteau of Soviet, International, Export, and Sport.
  • Putin and Chemezov were the ones who created it.

Sergey Chemezov’s Influential Stint as a Kremlin Aide Under Putin

Sergey Chemezov served as a Kremlin aide to Putin from 1996 to 1999. In this role, he was responsible for foreign economic relations, and he played a pivotal role in securing Russia’s correct share of the former USSR’s state property, state archives, and state debts.

Chemezov’s position as a Kremlin aide gave him a close relationship with Putin, and he was able to use this relationship to advance his interests. For example, he helped ensure that Rostec, the state-owned defence conglomerate that he now heads, received lucrative contracts from the Russian government.

The fact that Chemezov worked for the Kremlin is an important part of his life. It is a reminder that Putin’s inner circle is made up of people who have been loyal to him for many years and that these people have greatly benefited from their association with him.

Here are some factors about Chemezov’s role as a Kremlin aide:

  • He was responsible for foreign economic relations, which included negotiating trade deals and securing foreign investment for Russia.
  • He played a key role in securing Russia’s correct share of the former USSR’s state property, state archives, and state debts.
  • He had a close relationship with Putin, and he was able to use this relationship to advance his interests.
  • He helped to ensure that Rostec, the state-owned defence conglomerate that he now heads, received lucrative contracts from the Russian government.

The Career Path of Sergey Chemezov: From CEO of Promexport to CEO of Rostec

Sergey Chemezov embarked on a remarkable career journey that spanned various high-profile roles within the Russian defence and technology sectors.

He served as CEO of Promexport from September 1999 to November 2000. In August 2000, he was appointed to the Presidential Committee on Military and Engineering Cooperation between Russia and Foreign Countries. From November 2000 to April 2004, he served as the first deputy CEO of Rosoboronexport, and then as its CEO from 2004 to 2007.

In October 2006, Rosoboronexport obtained a 66% stake in VSMPO-Avisma, and Chemezov became chairman of VSMPO-Avisma in November 2006.

CEO of Rostec

On November 26, 2007, Putin appointed Chemezov as CEO of Russian Technologies Corporation, which was renamed Rostec in late 2012. He is credited with consolidating hundreds of state-owned enterprises that were made his responsibility by government decree. In the decade after his appointment, the total volume of exports doubled to just under $14 billion.

Political Affiliations

Chemezov is a member of the United Russia Party and was elected to the party’s Supreme Council in 2006 and 2012. He is also a member of the supervisory board of Team Katyusha, a Russian bobsleigh team that was formed in 2008.

Sergey Chemezov has held several important positions in the Russian government and economy. He is a close ally of Vladimir Putin and has been credited with helping to consolidate Russia’s state-owned enterprises. He is also a member of the United Russia Party and is involved in several other political and business activities.

Chemezov’s Sanctions History: A Timeline of Consequences

Sergei Chemezov with president

Sergei Chemezov, a prominent Russian figure, has been subject to several sanctions over the years due to his involvement in various conflicts and geopolitical events. From his role in the Russo-Ukrainian War to the 2022 Russian invasion of Ukraine, Chemezov’s actions have led to sanctions imposed by multiple countries. Let’s explore the timeline of these sanctions, shedding light on their significance and implications.

  1. Annexation of Crimea and US Sanctions (April 2014)

In April 2014, the Obama administration took measures against Chemezov, barring him from entering the United States. The reason behind this action was his association with the Annexation of Crimea by the Russian Federation, a move that significantly escalated tensions in the region.

  1. UK Government’s Sanctions (2014) 

The UK government joined in imposing sanctions against Chemezov in response to his involvement in the Russo-Ukrainian War. This decision was part of international efforts to address the ongoing crisis and its repercussions.

  1. European Union’s Sanctions (September 2014)

In September 2014, the European Union expanded its sanctions program, targeting individuals involved in the Russia-Ukraine conflict, including Chemezov. This move demonstrated a unified stance against actions perceived as destabilizing and aggressive.

  1. US Treasury Sanctions (September 2014)

As part of a wider ban on the Russian defence industry, the US Treasury imposed sanctions on the Chemezov-directed company on the same day as the EU. This joint effort further underscored the international community’s resolve to address the escalating crisis.

  1. Chemezov’s Influence through Charitable Contributions (Since 2014)

Since 2014, Chemezov has developed influence within the Novaya Gazeta press through his charitable contributions. These actions raised concerns about potential impacts on media independence and freedom of expression.

  1. Alexei Navalny’s Discoveries (February 2019)

In February 2019, Alexei Navalny’s Anti-Corruption Foundation uncovered information about Chemezov’s wife’s apartment, valued at around 5 billion rubles. This discovery raises questions about financial transparency and accountability.

  1. US Visa Restrictions and Asset Freeze (March 2022)

As a consequence of the 2022 Russian invasion of Ukraine, the United States took further action against Chemezov, imposing visa restrictions and freezing assets belonging to him, his wife, sons, and stepdaughter. This was a significant escalation of measures against him and his family.

  1. Spain’s Seizure of Chemezov’s Yacht (March 2022)

 In March 2022, Spain temporarily seized Chemezov’s luxurious yacht ‘Valerie’ in Barcelona. This action was taken in response to the 2022 Russian invasion of Ukraine, highlighting the global impact of the crisis and the extent of international action against its key figures.

Chemezov’s history of sanctions paints a vivid picture of the global response to his involvement in various conflicts and geopolitical events. From the Annexation of Crimea to the 2022 Russian invasion of Ukraine, international actors have taken coordinated actions to hold him accountable. The imposition of sanctions has led to visa restrictions, asset freezes, and even the seizure of personal property, demonstrating the severity of the consequences faced by individuals engaging in actions deemed harmful to international peace and stability.

Sergey Chemezov’s Diverse Roles in Board Memberships and Social Engagement

Sergei Chemezov is a prominent Russian oligarch in the fields of industry, aerospace, and technology. From his directorial positions in major corporations to his active involvement in academic and social institutions, Chemezov’s contributions have left a lasting impact on the Russian economy and various other spheres.

1. Corporate Directorships: 

Sergei Chemezov has played a crucial role in several leading corporations, serving as a member of the Board of Directors. His tenure reflects a remarkable level of expertise and leadership. Some of the notable companies he has been associated with include:

  • United Aircraft Corporation JSC (since 2006)
  • United Shipbuilding Corporation JSC (since 2007)
  • Rusnano Corporation (since 2011)
  • MMC Norilsk Nickel (from March 2013)
  • Aeroflot, Russian Airlines (since 2011)
  • Rosneft JSC (as Deputy Chairman of the Board of Directors since June 2013)

2. Chairman Roles: 

Chemezov’s acumen extends beyond directorial roles, as he has held prestigious positions as Chairman of the Board of Directors in various organizations. These include:

  • United Industrial Corporation, Oboronprom
  • VSMPO-AVISMA (since 2006)
  • ОАО «KAMAZ»
  • AvtoVAZ
  • Novikombank
  • National Information and Settlement Systems LLC (since 2012)
  • Rosoboronexport (since 2011, with re-election in August 2013)

3. Academic Engagements: 

Apart from his involvement in the corporate world, Sergei Chemezov has actively contributed to academia. His commitment to research and education is evident through his roles in prominent institutions:

  • Head of the Department of Military and Engineering Cooperation for the Scientific, Research, and Educational Center of the Military Academy.
  • Head of the Department of Military and Engineering Cooperation and High-Tech at MGIMO.

4. Social Activism and Patronage: 

Chemezov’s dedication to social causes is evident through his leadership roles in several public organizations:

  • Chairman of the Union of Mechanical Engineers, a public organization (since April 2007).
  • President of the Russian Industrial Association of Employers in Mechanical Engineering (since April 2007).
  • Chairman of the Supervisory Board of the Kalashnikov Military and Sports Association, an interregional public organization (since April 2010).
  • Chairman of the Supervisory Board of the Foundation for the Support and Development of Physical Culture and Sport in the Russian Federation (Sports Foundation) (since 2005).
  • Chairman of the Supervisory Board of the Russian Cycling Federation (since 2007).
  • Chairman of the Supervisory Board of Plekhanov Russian University of Economics
  • Chairman of the Supervisory Board of the Gorchakov Public Diplomacy Foundation

Sergei Chemezov’s diverse engagements and positions in the corporate, academic, and social sectors underscore his multifaceted contributions to Russia’s economy and development. As a respected figure in various industries, his leadership has significantly influenced the nation’s economic and social landscape. Through his dedication and commitment, Chemezov continues to be a pivotal force in shaping the future of Russia’s industrial and academic spheres.

Recognitions and Awards: Notable Achievements of Sergei Chemezov

Sergei Chemezov has been awarded numerous awards for his contributions to the Russian economy, defence industry, and culture. These awards include:

1. Order For Merit to the Fatherland of the 2nd Class (2012)

In 2012, Sergei Chemezov was honoured with the Order For Merit to the Fatherland of the 2nd Class, a high-level Russian state award, recognizing his significant contributions to the nation’s progress and development.

2. Order For Merit to the Fatherland of the 3rd Class (20 August 2007) for Military and Engineering Cooperation with Foreign Countries

For his remarkable achievements in enhancing military and engineering cooperation with foreign nations, Chemezov was presented with the Order of Merit to the Fatherland of the 3rd Class on August 20, 2007. This recognition underscores his pivotal role in fostering international partnerships in these critical sectors.

3. Order For Merit to the Fatherland of the 4th Class

In acknowledgment of his continued commitment to Russia’s advancement and welfare, Sergei Chemezov was honoured with the Order For Merit to the Fatherland of the 4th Class, further exemplifying his dedication to national progress.

4. Order of Friendship (2009)

The prestigious Order of Friendship was bestowed upon Chemezov in 2009, symbolizing his significant contributions to promoting friendship and cooperation among nations. This award serves as a testament to his diplomatic efforts to strengthen international ties.

5. French Legion of Honour (March 2010)

For his instrumental role in fostering high-tech manufacturing cooperation between France and Russia, Sergei Chemezov was recognized with the National Order of the Legion of Honour in March 2010, solidifying his position as a key figure in international collaboration.

6. Orders from the Russian Orthodox Church

The Order of Saint Righteous Grand Duke Dmitry Donskoy, the Order of Holy Prince Daniel of Moscow, and the Order of Saint Seraphim of Sarov of the Second Class are just a few of the prestigious orders that the Russian Orthodox Church has granted Chemezov in recognition of his accomplishments and contributions to society.

7. Russian Government Award in Science and Engineering for 2004

In 2004, Sergei Chemezov received the Russian Government Award in Science and Engineering, an accolade that showcases his exceptional prowess in advancing scientific and technological innovations.

8. Person of the Year in 2004 in the Area of Defense Industry Complex

His remarkable leadership and contributions to the defence industry complex earned Chemezov the prestigious title of “Person of the Year” in 2004, further solidifying his reputation as a visionary leader.

9. Leader of the Russian Economy in 2004, Awarded by the International Forum “World Experience and Russian Economy”

In the same year, Sergei Chemezov was recognized as the “Leader of the Russian Economy” in 2004 by the International Forum “World Experience and Russian Economy,” a testament to his influential role in driving economic growth and progress.

10. Suvorov Prize awarded by the Military Academy

The Military Academy honoured Chemezov with the Suvorov Prize in recognition of his significant contributions to the military field.

11. Honored Resident of the City of Irkutsk (April 2011)

In 2011, Sergei Chemezov was granted the esteemed status of Honorary Resident of the City of Irkutsk for his outstanding achievements in promoting social, economic, and cultural development in the region.

An extensive list of awards and recognitions highlights his exceptional contributions to various sectors, including the military, engineering, economic development, and international cooperation. These accolades stand as a testament to his dedication and unwavering commitment to advancing Russia’s interests and fostering collaboration on the global stage. His achievements continue to inspire and leave a lasting impact on the nation and beyond.

Power and influence

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Sergei Chemezov, a prominent figure in Russia

Sergei Chemezov, a prominent figure in Russia, holds significant power and influence over various aspects of the country’s governance. As the head of Rostec, a conglomerate of state-owned enterprises, his control extends over crucial sectors of the Russian economy. Beyond this, Chemezov’s sway also reaches into the realms of foreign policy, Putin’s decision-making, and key political circles. Let’s examine potential successors to his position and their implications for Russia’s future.

Chemezov’s Control Over Russia’s State-Owned Enterprises

Sergei Chemezov’s most notable sphere of influence lies in his control over Russia’s state-owned enterprises through Rostec. This vast conglomerate encompasses numerous industries, including defence, aviation, electronics, and technology. Chemezov’s strategic decisions at Rostec have immense implications for Russia’s economic and military capabilities, making him a crucial player in shaping the country’s industrial landscape.

His Role in Shaping Russian Foreign Policy

Beyond his economic prowess, Chemezov also plays a significant role in shaping Russia’s foreign policy. Given Rostec’s involvement in international trade and cooperation agreements, Chemezov’s decisions impact Russia’s global standing and relationships with other nations. His influence on foreign policy discussions may lead to decisions that prioritize Russia’s strategic interests and project its power on the international stage.

Chemezov’s Influence on Putin’s Decisions

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President Vladimir Putin

As a trusted ally of President Vladimir Putin, Chemezov wields considerable influence on Russia’s political landscape. His close ties with Putin provide him with unique access to the president, allowing him to influence critical decisions. Although the specifics of their interactions remain confidential, Chemezov’s position within Putin’s inner circle suggests that his opinions are valued and can potentially shape governmental policies and strategies.

Chemezov’s Relationship with Other Members of Putin’s Inner Circle:

Apart from his rapport with Putin, Chemezov’s interactions with other members of the president’s inner circle also contribute to his overall influence. The dynamics between influential figures in the Russian government play a crucial role in determining the nation’s direction and policies. Chemezov’s relationships with key decision-makers further solidify his position as a central figure in the country’s power structure.

His Role in the 2014 Annexation of Crimea

During the 2014 annexation of Crimea, Chemezov’s role remained a subject of speculation and debate. As a key figure with significant influence, he might have been involved in behind-the-scenes discussions and strategic planning related to the annexation. However, concrete evidence of his direct involvement remains scarce.

His Involvement in the Syrian Civil War

Chemezov’s influence extends beyond the domestic and economic realms; it also stretches into Russia’s military interventions abroad. In the Syrian civil war, he may have played a role in providing military support through Rostec’s defence-related ventures. However, like many high-level government activities, the specifics of his involvement might remain confidential.

His Potential Successor

As Chemezov advances in age and responsibilities, discussions about his potential successor become relevant. Given his prominence and influence, the appointment of a new head of Rostec could have far-reaching consequences for Russia’s economy and foreign policy. The selection process will be closely scrutinized, as it will provide insight into the direction of the nation’s state-owned enterprises and political landscape.

Sergei Chemezov: The Dark Hand of Power in Putin’s Circle

Controversies

Pandora Leak Reveals Sergei Chemezov’s Mystery

Pandora Leak Reveals Sergei Chemezov's Mystery
Pandora Leak Reveals Sergei Chemezov’s Mystery

Pandora’s Box’s leaked documents have shed light on a familiar name from Russia’s secretive corridors of power: Sergei Chemezov, the enigmatic CEO of Rostec. The leak has sparked global intrigue, resurrecting questions about his shadowy dealings and connections.

The leaked files reveal Chemezov’s alleged involvement in obscure arms deals and clandestine agreements, raising concerns among international observers. As journalists delve deeper into the revelations, the story gains momentum, captivating audiences worldwide.

While Chemezov has always maintained a low profile, the Pandora leak thrusts him into the spotlight once more, piquing curiosity about the inner workings of Rostec, Russia’s state-owned technology conglomerate.

Sergei Chemezov at the Center of Russia’s Elite Rage: A Leaked Phone Call

A leaked phone call between two Russian oligarchs has revealed a deep sense of anger and frustration among the country’s elite throughout the war in Ukraine. The call, which reportedly took place in March 2022, features Oleg Deripaska, a metals magnate, and Sergei Chemezov, the head of the state-owned defence conglomerate Rostec, lamenting the Western-imposed economic sanctions on Russia.

Chemezov and Deripaska are both close to President Vladimir Putin, and their comments in the leaked call offer a rare glimpse into the mood among Russia’s ruling elite. Chemezov is particularly critical of the sanctions, which he says have “destroyed” the Russian economy. He also expresses concern about the impact of the war on Russia’s military, saying that the country is now “on the brink of a catastrophe.”

Deripaska is equally pessimistic, saying that the war is “a complete disaster” for Russia. He also criticizes Putin’s handling of the war, saying that the president has “lost his mind.”

The leaked phone call is a significant development, as it suggests that there has been a growing sense of discontent among Russia’s elite throughout the war. It is unclear what impact, if any, the call will have on Putin’s government. However, it is a reminder that the war is not only having a devastating impact on the Ukrainian people, but it is also having a significant impact on Russia itself.

Sergei Chemezov’s ties to the Russian military

Russian Oligarchs
Russian Oligarchs

Sergei Chemezov, a leading oligarch and close associate of President Vladimir Putin, has long faced allegations of having strong ties to the Russian military. As the CEO of Rostec, a state-owned corporation that oversees Russia’s defence industry, Chemezov’s role has raised suspicions about his involvement in military affairs and arms trading. Critics argue that these connections may facilitate the transfer of sensitive technologies and weapons, potentially posing risks to international security. However, Chemezov and his supporters maintain that Rostec’s focus extends beyond the military, encompassing various industries such as aerospace and healthcare. The extent and nature of his links to the Russian military remain contentious subjects, attracting attention from both critics and defenders.

Conclusion

Sergey Chemezov is a controversial figure who has had a significant impact on Russia and the world. He is a close ally of Vladimir Putin and has been involved in some of the most important events in recent Russian history, including the annexation of Crimea and the 2022 Russian invasion of Ukraine.

Chemezov’s legacy is likely to be debated for many years to come. Some will see him as a loyal servant of the Russian state who helped to strengthen the country’s economy and military. Others will see him as a corrupt and ruthless businessman who has used his power to enrich himself and his friends.

It is too early to say what Chemezov’s prospects are. He is currently under sanctions by the United States and the European Union, and it is unclear how these sanctions will affect his business interests. However, Chemezov is a survivor, and he has shown a remarkable ability to adapt to changing circumstances. It is therefore possible that he will continue to play a significant role in Russian politics and business for many years to come.

Here are some of Chemezov’s key impacts on Russia and the world:

  • He has helped to strengthen Russia’s defence industry and military.
  • He has played a role in Russia’s economic development, particularly in the aerospace and defence sectors.
  • He has been involved in some of the most important events in recent Russian history, including the annexation of Crimea and the 2022 Russian invasion of Ukraine.
  • The state-owned conglomerate that he leads, Rostec, has suffered because of the sanctions he has received from the United States and the European Union.

Chemezov is a complex and controversial figure, but there is no doubt that he has had a significant impact on Russia and the world. His impact will be talked about for a long time to come.

Summary

Sergei Chemezov, known as the “grey cardinal” of the Kremlin, holds immense power and influence in Russia. As the CEO of Rostec Corporation, a state-owned defence conglomerate, and a former KGB agent, he is considered one of Putin’s closest allies. Chemezov’s impressive academic background and career diversity have contributed to his success in the fields of economics and national security.

Apart from his professional achievements, Chemezov’s family background and social engagements add to his multifaceted persona. However, his involvement in controversial arms deals and international conflicts has led to various sanctions from different countries.

Chemezov’s legacy will undoubtedly be a subject of debate, with some praising his contributions to Russia’s growth and others questioning his methods and connections. His future role remains uncertain, but his resilience and adaptability suggest he may continue to wield significant influence in Russian politics and business.

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