Name Yury Kovalchuk | Siblings Mikhail Kovalchuk | |
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Yury Kovalchuk: General Manager Prairie Fiat
Yury Valentinovich Kovalchuk (Russian: Юрий Валентинович Ковальчук, born 25 July 1951) is a Russian billionaire businessman and financier who is "reputed to be Vladimir Putin's personal banker". The May 2008 issue of Russian Forbes listed him for the first time in its Golden Hundred of Russia's richest, calling him and another new entrant to the List, Gennady Timchenko, "good acquaintances of Vladimir Putin." The magazine placed him at number 53 on the Russians-only list, with an estimated fortune of $1.9 billion.
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From 1987 to 1991 he was the first deputy director of Ioffe Physico-Technical Institute. Since 2004 he has been chair of Rossiya Bank and its largest shareholder.
Since the early 1990s Kovalchuk has owned a dacha in Solovyovka in the Priozersky District of the Leningrad region, located on the eastern shore of the Komsomolskoye lake on the Karelian Isthmus near St. Petersburg. His neighbours there are Vladimir Putin, Vladimir Yakunin, Andrei Fursenko, Sergey Fursenko, Viktor Myachin, Vladimir Smirnov and Nikolay Shamalov. Together they instituted the co-operative society Ozero (the Lake) which united their properties on 10 November 1996. [1]
His elder brother Mikhail Kovalchuk is the scientific secretary of the Council for Science and High Technologies attached to the president of the Russian Federation.
Sanctions
Kovalchuk was one of several individuals sanctioned by the U.S. Treasury Department on 20 March 2014 in response to the 2014 Crimean crisis. According to the U.S. Treasury, Kovalchuk is a close advisor to President Putin and has been referred to as one of his “cashiers.”