Sergei Pugachev, who led the campaign that brought Putin to power, stresses that "it is clear that the Russian president is not in his best state." . The bank became one of Russia's 10 largest banks and was the largest credit institution in terms of capital (175billion rubles). In 2008, the Russian Federation Federal Service for Defence Orders made the plant the sole supplier of ships in the classes of "corvette", "frigate" and "Comms Boat". In addition to its financing obligations, Pugachev's company transferred 1.5 billion rubles to the Ministry of Defence. The business partner turned out to be a well-known friend of Chechen Republic President Ramzan Kadyrov. Details of investment. On 11 October 2017, the London High Court ruled that Pugachev's trusts are "shams". In August 2008, Finance Minister Kudrin informed Pugachev that Putin wanted to take on the project to build a five-star hotel and residential complex on 5 Red Square. Marina Illarionova and Sergei Pugachev. The character based on Pugachev was played by Gregory Hlady. In July 1918, as the Commander of the 1st Don Soviet Infantry Division, he led the fighting against the troops of General Krasnovo on the northern side of the Tsaritsyn Front. On 26 December 2001, he was approved by the representative of the Tuvan government in the Federation Council of the Russian Federation. By 2018, Sergei was ranked number 605 in Forbes list of The World's Billionaires and given a net worth of 2 billion. His net worth has been growing significantly in 2021-2022. His father, Viktor Fyodorovich Pugachev (29 May 1930 2010), was a student in the first class of the Kiev Suvorov Military School. Pugachev was repeatedly targeted by attacks, both in Russia and abroad. In order to remove the company from the market, Altushkin was given the first payment for the deal in the amount of US$150 million. He was awarded Commander of the order of Red Star and held command positions in airborne troops. In October 2013, the Moscow Court of Arbitration the company STR into bankruptcy. In the late 2020 A1 investment company (part of Alfa Group) on behalf of DIA sold two luxury mansions Glebe Place and Old Battersea House for 6,5 million and 8 million respectively. In 2008 he was ranked number 605 in Forbes list of The World's Billionaires, and given a net worth of 2 billion. After the signing the mandate, Credit Suisse conducted global road show and presented a list of 40 potential buyers, including the Mitsui group, and Arcelor Mittal. In 2013, criminal proceedings were again instituted against him in the Russian Federation. [29] He helped Putin to climb the ladder of power, presenting him to Yeltsin. The analysts called this deal the "breakthrough of Russian capital into the world market" and compared it with the purchase of the Chelsea football club by Roman Abramovich in 2003. 2009 Acquisition of the American company Biopure Corporation and creation of "OPK Biotech" for implementation of a project for creating artificial blood substitutes. The repair was implemented with Pugachev's personal funds, a budget amounting to 3 million pounds. "Any attempt to calculate his net worth won't succeed," says exiled Russian banker Sergei Pugachev. The BBC claims Sergei made a whopping $15bn in post-communist Russia. In October 2010, the lead frigate whose construction started in 2006 for project 22350 "Soviet Union Fleet-Admiral Gorshkov" was launched. Pugachev transferred the main capacity to the Severnaya Verf site and started implementation of the largest development project in St. Petersburg with development of 70 hectares in the centre of the city on Vasilevsky Island. Former Yukos leaders were confident that, mainly under Sechin's authority in June 2003, an ideological justification was produced for the Yukos affair in response to the supposed seizure of state power by the Khodorkovsky group. Pugachev obtained the right to ownership of the residential part (about 40 thousand square metres) on Red Square after completion of construction, and 2 hectares of land, as well as a concession for the "Kremlin" hotel management operation in the perimeter building at the same address. According to independent estimates for 20082010, the total value was more than US$12 billion. In civil shipbuilding, orders were made for vessels for oil platform supply. He started the Luxe TV channel project, broadcasting in various languages in 20 countries. In August 2010, OPK-Mining hired Credit Suisse to establish a list of potential buyers. IIB was originally formed as a "venture investment fund". And all Senators receive a small write off for D.C. living expenses and travel. On 19 November 1941, he was appointed as commander of 22nd Separate Infantry Brigade as part of the second Shock Army of the Volkhov Front. In 2011, a meeting with Deputy Prime Minister of the Russian Federation Dmitry Kozak, which led Kozak to instruct the parties to work out proposals for a settlement agreement between the RF Central Bank and Pugachev and to reach an agreement by 13 October 2011. Multi-million pound UK properties of 'Putin's banker' Sergei Pugachev to go on sale The 17th century Battersea House was worth 12m in 2011 and once belonged to the Forbes family. The IIB almost caught up with Sberbank on the scale of its own funds and became the country's largest private bank. In 2011, at his request, criminal proceedings were instituted in France concerning extortion and threats from the senior staff of DIA. Sergei Pugachev net worth. In October 2000, he defended the dissertation "Development of information technology for management of financial resources of credit organizations". Pugachev violated the order and returned to France. Pugachev agreed to concede the project, at market price. The BBC claims he made a whopping $15bn fortune in post . March 17, 2022. In October 1998, Mikhail Zadornov included Pugachev in the Russian delegation to the annual session of the IMF and the World Bank. [2], Pugachev was born into a military family. He died in 2010. Pugachev agreed to concede the project, at market price. During the meeting, Putin told him that the RF wished to acquire Pugachev's share in the shipyards. Provide architectural guidance and recommendations necessary to develop cloud and hybrid solutions. He became a member of the Franco-Russian government commission. [73], To implement the project, Pugachev's organizations borrowed US$1billion from VTB. In 1992, he and Sergey Veremeenko organised the International Industrial Bank. The ship is intended for research purposes. According to the Federal Tax Service of the Russian Federation, "Camelot" LLC is registered at a mass registration address in Ivanov. "He's the richest person in the world. In civil shipbuilding, orders were made for vessels for oil platform supply. Despite living in the UK, Pugachev was not free from legal battles, as the Russian government used the London courts to pursue money it claimed. In December 2013, 3 years after the withdrawal of the licence from the International Industrial Bank, the Deposit Insurance Agency brought a claim to the Moscow Court of Arbitration regarding the subsidiary's responsibility for the debts of the IIB to the former heads of the IIB Aleksandr Didenko, Aleksei Zlobin, Marine Illarionova and Pugachev, declaring him a "de facto owner of the bank" determining the decisions taken by the bank. In 2000, the Government announced a project for restructuring certain historical buildings, adjacent to Red Square in Moscow. At the time of acquisition of the deposit, it was impossible to calculate whether the investment in EPC was profitable: geological surveys were needed that established that the coal deposit contained about a billion tonnes of high quality coking coal (the world's largest). At the end of the 1990s, Pugachev started to acquire shares in shipbuilding and engineering businesses in St. Petersburg, including Severnaya Verf Shipbuilding plant JSC, the Baltiyskiy Zavod JSC and the Iceberg Central Design Bureau. Under pressure from the government, Pugachev consented to the sale. At the end of the 1990s, he invested in the largest shipbuilding complex in Europe at the St. Petersburg shipbuilding base of Baltiyskiy Zavod and Severnaya Verf and in 60 engineering companies. Sergej Viktorovi Pugav. [94] Pugachev argued the charges were politically motivated and left Russia to live in London, where he had a house with his partner Alexandra Tolstoy and their children. In 1991, S.V. Pugachev was represented as leader of a "successful" and "working" bank. Sergei Pugachev (2008-2015) Issue: Alexei Pugachev Ivan Pugachev Maria Pugachev: Father: Count Nikolai Tolstoy: . From 1993, he repeatedly attracted Academy staff with expertise among the various projects. The complex produced more than 70% of the surface combat ships for the Russian fleet built during that time. In 1999 and 2000, he was one of Putin's campaign staff leaders. The couple's wealth is somewhat of a mystery but they have amassed a serious fortune between them. He was Commissar of 60 guards 20 guards in the rifle division. In 2009, individual members of the Leninsky Luch collective farm filed a petition in the Krasnogorsk court for cancellation of the original deal with the Dmitrov State Farm in 2003. [83], At the end of 2014, the Russian Interpol bureau posted a "wanted" notice for Pugachev. Pugachev claimed to have defended 2 dissertations, including "Methods and investment policy of the management model of the bank" at the Russian Academy of Sciences. He was awarded Cavalier of the order of the Red banner. [94] In June 2015, despite a court order to stay in Britain, Pugachev fled the country and turned up in Nice, France. He has major real estate development projects in the United States, France, Luxembourg, Russia and the United Kingdom. Before that he lived primarily in France and London. Learn How rich is He in this year and how He spends money? On 28 December 2012, the Government withdrew the EPC licence that was valid until 2020. Sergei Pugachev's income source is mostly from being a successful . [70] In accordance with Putin's instructions, the responsibility for compensation was given to first vice-premier V. Zubkov. On 26 December 2001, he was approved as the representative of the Tuvan government in the Federation Council of the Russian Federation. [21] A Russian entity and numerous Russian oligarchs, including Rosneft, Mikhail Fridman, Peter Aven, Shalva Chigirinsky, and Roman Abramovich filed lawsuits in the United Kingdom during March and April 2021 against HarperCollins and Belton, who is a Reuters reporter based in London, over material contained in her 2020 book.[22][23][24][25]. The unique underwater vessel built for a customer in Russia, was capable of diving to depths of up to 10 thousand metres. He died near Myasnoi Bor. 2007 Creation of "OPK-Development" for implementation of the "Kremlevskiy" project, construction of elite housing on the Rublevo-Uspensky highway in the outer Moscow area (Gribanov project), reconstruction of the Primorskaya hotels and the Central Department Store in. On 14th March 2022, the 48-year-old Countess appeared on ITV's Lorraine, where she called . Under this deal, Pugachev received 2.4 billion US dollars and part of the profits from the company's development over the next 6 years. Pugachev became a French citizen in 2009. The project intended to develop land for elite properties, The development involved French architect Jean-Michelle Wilmotte, and the construction of the golf courses involved Arnold Palmer. His father, Viktor Fyodorovich Pugachev (29 May 1930 2010), was a student in first class of the Kiev Suvorov Military School. In 2009, work was started on the frigate "Fleet Admiral Kasatonov" for project 22350. A year later, shareholders invested another 15 billion rubles, raising its authorised capital to 25 billion rubles, just under $1 billion. Pugachev obtained resources to build and deliver the Subedei sport complex. The Russian government was not interested in whether the sale had a transparent structure, which would entail financing the acquisition with funds from the Federal budget, which would require approval by the Russian Parliament. From 2010 to 2014, Pugachev's Russian assets were successively expropriated, after which he was subject to political persecution. Execute cloud adoption strategy for AWS customers in partnership with the sales team. [56] After the Decree of President Putin, approving the terms on 14 February 2005, Pugachev's company OPK Development initiated reconstruction with completion scheduled for 20092010. It appeared in German in its sister paper, Zurich's Tages-Anzeiger at the same time. In December 1998, the IIB increased its authorised capital to 10 billion rubles. In the Soviet era, he held command positions in the Red Army. [78], From the start of the 2000s, Pugachev began acquiring assets outside of Russia. $1 Million - $5 Million. [clarification needed] Upon completion of the reconstruction, the five-star "Kremlyevsky" hotel complex was to open. Putin suggested, as potential buyers, EvrazHoldings, Abramova and Abramovich and Severstal (belonging to Yuri Kovalchuk). Ok, that estimate is high. The EPC licence was expropriated without compensation to its owner. [68] Architect Jean-Michel Wilmotte was invited to participate as a specialist in interior design of architectural monuments. Between 2006 and 2009, the shipyards built 2 saturated ship hulls for project VS 470 PSV for Norwegian company Skipper II AS and highly saturated ship hulls for supply off offshore oil platforms of project VS 485 PSV for Norwegian Solvic Hull Supplies AS. At the start of the 2000s, he consolidated under the management of the United Industrial Corporation. He was awarded Commander of the order of Red Star and held command positions in airborne troops. It became a principal member of Visa International and MasterCard Worldwide, operating its own processing centre. The investment commission of the Russian Federation financed infrastructure for this project in the amount of 1.5 billion dollars, a record investment in the development of a private company. At the start of the 1990s, Pugachev became an adviser to Russian leaders. In 2010, the shipyard produced new masts for British military cruiser "HMS Belfast", which participated in delivery of goods to the USSR during the Second World War and performed a thorough reconstruction of the ship. Summary of the dispute. At the start of 2011, the President expressed his impatience regarding the completion of the transfer of the shipyards, blaming Pugachev for the failure to transfer ownership and threatened to intervene, if Pugachev's holding company, OPK, did not show "good sense". After a detailed inspection by the French Ministry of Defence, Pugachev's Baltiyskiy Zavod, part of the Pugachev-controlled United Industrial Corporation (OPK) was selected to construct Mistral class helicopter carriers for use in the Russian Navy, The agreement was signed on 25 January 2011. Also, in Russia, Mr Pugachev was charged in absentia under Art. According to him, the Ministry of Defence had compensated Pugachev from its own funds. The Central Bank issued a mandate to Nomura to negotiate a settlement agreement. Key members of the leadership of the IIB, such as board chairman Gerald Kowalski, did not provide witness statements. In 1993, he sold his share. This Russian's net worth is something of a mystery. Sergei Pugachev is a None who was born on February 04, 1963 in Russia. He is from French. ", " ", " "" - ", " 10890 - ", " ", "UK court serves $2.0 bln asset freeze order on Russian tycoon Pugachev", "Tycoon Pugachev files $12 billion claim against Russia", "High Court rules Pugachev trusts are "shams" in landmark judgment", "Russia tycoon sues publisher and Reuters reporter over Putin book", "Russian Billionaires, Rosneft Sue Over Book on Putin's Rise FT", "Russian billionaires file lawsuits over book on Putin's rise: Mikhail Fridman is among those to have filed a suit against publisher HarperCollins", "Are our courts a playground for bullies? In 2013, criminal proceedings were again instituted against him in the Russian Federation. In December 1995, he was a candidate for deputy of the Duma on the Federal list of the electoral union of the Party of Russian Unity and Accord with approval of Sergey Shakhray. Pugachev was a major shareholder in Baltiyskiy Zavod. At a meeting at the Kremlin in 2002, Putin suggested that Pugachev come up with a legislative initiative for returning the capital exported abroad. In December 2013, the Russian government filed a claim about Pugachev's accountability for subsidiary responsibility in the Moscow Court of Arbitration. In 2009, work was started on the frigate "Fleet Admiral Kasatonov" for project 22350. The money was moved by Sergei Pugachev (lead image, left) between 2008 and 2010; at the time it was worth the equivalent of $720 million. He became a member of the Franco-Russian government commission. Pugachev's shipbuilding companies became the largest surface shipbuilding centre in Europe. Sergei Viktorovich Pugachev, also spelled Sergey Pugachyov, (French: Sergue Pougatchev, Russian: ; born 4 February 1963) is a Russian-born French business magnate. After the election, Pugachev held from 05 percent of assets). In 2000, Pugachev organised production of one of the most expensive watches of the BLU brand, together with watches of Laderrer. As of March 2023, Sergey Brin's net worth is approximately $96 Billion, and he is one of the world's richest people. [48], In February 2009, a contract was signed with Concern Energoatom JSC, which involved construction at Baltiyskiy Zavod, launching, completion, testing and transfer into operation of the lead floating power unit of project 20870, the world's first low-capacity nuclear power plant. Investments in a real estate development company; majority shareholdings in two shipbuilding enterprises and in a construction bureau; rights to develop and mine the coking coal deposit in the Tuva region of Russia; ownership of 167 land plots, and other investments. Other sources found Pugachev's three diplomas and other facts of his biography to be fraudulent. In 2008, he bought half of the company David Linley Holdings Limited, from the nephew of Queen Elizabeth II, Lord David Linley. 2006 United Industrial Corporation (OPK) and the Shanghai Overseas Investment Joint Stock Company (Shanghai Overseas United Investment Co. Ltd) signed a letter of intent, suggesting joint implementation of a project for complex development and construction of the land area of 56 hectares in St. Petersburg ("Vasilyevsky Island" project). Russian authorities expropriate the shipyard. 2008 Acquisition of the French furniture company Forum Diffusion. [67], The project was presented by managers to Kozhin.[who?] Pugachev then switched to French legal firm Lazareff Le Bars. In April 2016, Pugachev's lawyer Karinna Moskalenko filed a complaint with the European Court of Human Rights concerning the facts of violations committed with consideration in Russia of a civil claim for subsidiary responsibility. [27][28] He ran Yeltsin's re-election campaign during what Pugachev calls "Russia's last free election". [3], His paternal grandfather was Fyodor Kuzmich Pugachev (1892 25 June 1942), an officer of the Tsarist army who fought in the First World War as staff Officer of the 4th Nesvizhsky Grenadier Regiment of Field Marshal Prince Barclay de Tolly. In November 2000, he was elected to the board of Russian Union of Industrialists and Entrepreneurs (RSPP). The licence for development of the Tuvan Elegest deposit was transferred to the Tuvan Energy Industrial Corporation, registered to Baisarov.[66]. On 19 November 1941, he was appointed as commander of 22nd Separate Infantry Brigade as part of the second Shock Army of the Volkhov Front. In October 2010, the lead frigate whose construction started in 2006 for project 22350 "Soviet Union Fleet-Admiral Gorshkov" was launched. Pugachev established one of the first cooperative banks in the USSR, the Northern Commercial Bank. Mr Pugachev's assets were expropriated by the Russian Federation during the period 2012-2014. Baltiyskiy Zavod built the Mistral-class ships, with the value of the deal amounting to 1.5 billion euros. The couple's wealth is somewhat of a mystery but they have amassed a serious fortune between them. Look at this quote from exiled Russian banker Sergei Pugachev, "Everything that belongs to the territory of the Russian Federation Putin considers to be his. Sergei Pugachev (Sergei Viktorovich Pugachev) was born on 4 February, 1963 in Kostroma, Russia, is an International investor, politician. He was the first commander of 21st Paratrooper brigade. Part of the restructuring strategy was to move certain production units of Baltiyskiy Zavod to Severnaya Verf and redevelopment of the unused space at the shipyard as a residential and shopping complex by OPK-Development. The vast net worth of these cronies, who hide their wealth in offshore tax havens, suggests that Putin is far more richer than he is letting on. In 2007, the Russian government created United Shipbuilding Corporation (OSK) to consolidate its equity participation in the shipyards. In the process of exploration and experimental production, the largest coking coal deposit in the world was developed. For this purpose, a state enterprise was created under the name "Kremlevsky", with the rights to manage these buildings. The legal team is awaiting action proceedings at the International Arbitration Court in the Hague in regards to Mr. Pugachev's $12 billion compensation claim against the Russian Federation. Pugachev helped Putin to climb the ladder of power, presenting him to Yeltsin. Their value amounted to more than US$15 billion.[37]. Pugachev wanted to involve the Linley company in the development of the Kremlevsky hotel. After a detailed inspection by the French Ministry of Defence, Pugachev's Baltiyskiy Zavod, part of the Pugachev-controlled United Industrial Corporation (OPK) was selected to construct Mistral-class helicopter carriers for use in the Russian Navy,[32] The agreement was signed on 25 January 2011.[33]. On 23 September 2014, Krug LLC was liquidated. According to UK law enforcement bodies, the Russian government illegally surveilled Pugachev and his family in England via private detectives. In 2000, the Government announced a project for restructuring certain historical buildings, adjacent to Red Square in Moscow. We have estimated This week's hearing will mark an additional step in a seemingly endless judicial saga. After a 35-year hiatus, construction was resumed on a series of diesel-electric icebreakers"St. Petersburg" and "Moscow" and nuclear-powered icebreaker "50 years of Victory". Another problem was registering the property (more than half the total area of the complex of buildings). In April 2011, at Severnaya Verf, the third of the "Boikiy" Corvettes was launched, as part of the series of Russian Corvettes of project 20380. In the Soviet era, he held command positions in the Red Army. In February 2009, a contract was signed with Concern Energoatom JSC, which involved construction at Baltiyskiy Zavod, launching, completion, testing and transfer into operation of the lead floating power unit of project 20870, the world's first low-capacity nuclear power plant. In August 2009, it became public that Pugachev had purchased an American pharmaceutical company, the Biopure Corporation, the stock exchange value of which reached 3.5 billion US dollars. The Countess & The Russian Billionaire, a documentary about Pugachev and his . On 24 December 2001, he was elected Senator of the Russian Federation. 2 min read . This page was last edited on 19 July 2022, at 05:26 . One of its projects was the construction of the "Russia" yachts for President Putin. After the election, Pugachev held from 0-5 percent of assets). Between 1983 and 1991, Pugachev did not work in the Krasnogvardeysky branch of Stroibank of the USSR, as stated in his employment record book, since at the time he was imprisoned in Kresty Prison. Pugachev was once known as "Putin's banker" but left the Kremlin in 2011, according to The Guardian. The estimate was produced under pressure. ", https://en.wikipedia.org/w/index.php?title=Sergei_Pugachev&oldid=1140319562, 1991 Pugachev established one of the first cooperative banks in the. Pugachev called this deal a "criminal act". 2003 Acquisition of land assets in the region of Rublevo-Uspensk highway in the greater Moscow area. Pugachev engaged a team of American political consultants and PR managers headed by George Gorton. In 2009, she divorced Galimzyanov shortly after the birth of her son Alexei. The day after the sentence was pronounced, Egorov was attacked by unidentified persons. Consigning three quarters of the contents to be auctioned at Christie's she set about finding somewhere to rent - read the story of her new home in the June 2021 issue of House & Garden. Sergey Brin is an entrepreneur and computer scientist that co-founded the multi-billion dollar search engine called Google. Pugachev engaged a team of American political consultants and PR managers headed by George Gorton. As Putin insisted in 2007, Al-Waleed bin Talal was approved for management of the hotel complex by Raffles. [45], In 2005, Pugachev entities acquired a controlling share in Baltiyskiy Zavod. 2002 Creation of the company "Russian coal". The 500 Russians with a net worth of more than $100mn control 40 per cent of the country's household wealth, according to a study by the Boston Consulting Group last year. He died near Myasnoi Bor.[3]. Life with Russian oligarch Sergei Pugachev was 'unhappy', 'frightening' and 'exhausting', says Tolstoy ahead of BBC documentary By Anita Singh, Arts and Entertainment Editor 31 March 2020 6:00am This deal was agreed with Putin. 2006: A medal of the Ministry of Defence for merit in the air force. Just ask Catherine Belton", " , ", "Sergei Pugachev: 'I personally brought Putin to power', " : " ", "Sergei Pugachev: 'Putin's banker' now lives in fear of man he put into power. It alleges that he siphoned off hundreds of millions of dollars from loans given by Russia's central bank at the height of the 2008 financial . He was acquainted with Viktor Chernomyrdin, Oleg Soskovets, Alexander Korzhakov, Andrei Vavilov, Valentin Yumashev, Alexander Livshits and Viktor Gerashchenko. Under this deal, Pugachev received 2.4 billion US dollars and part of the profits from the company's development over the next 6 years. At the end of 2014, the Russian Interpol bureau posted a "wanted" notice for Pugachev. Pugachev engaged the New York legal firm King & Spalding to contest the claim. The BBC claims Sergei made a whopping $15bn in post-communist Russia. Vladimir Putin is believed to hold billions of dollars in wealth. Money was allocated, and as compensation an investment agreement was signed covering Pugachev's reconstruction and development of the Middle Trading Rows. On 18 March 2014, The court found Krug LLC bankrupt. [49] In 2009, Baltiyskiy Zavod cast 42 bells with a mass from 10kg to 5.5 tonnes. He didn't want to leave office poor."[29]. Nightly room rates began at US$10 thousand.[69]. He served his sentence at the construction sites of the Yaroslavl region. O n 22 June 2020 the Russian Ministry of Justice announced that the UNCITRAL tribunal hearing Mr Serghei Pugachev's US$14.5 billion claim against the Russian . 5h ago. Sergei Viktorovich Pugachev, also spelled Sergey Pugachyov, (French: Sergue Pougatchev, Russian: ; born 4 February 1963) is an ex-Russian investor and former member of Vladimir Putin's inner circle. In 2008 he was ranked number 605 in Forbes list of The World's Billionaires, and estimated to have a net worth of 2billion. 2008: Commendation of the chairman of the Russian Council of Federation of the Federal Assembly "For his contribution to the improvement of legislation and development of parliament in the Russian Federation". According to UK law enforcement bodies, the Russian government illegally surveilled Pugachev and his family in England via private detectives. In June 2015, despite a court order to stay in Britain, Pugachev fled the country and turned up in Nice, France. In 1993, he sold his share. In the 1990s, Pugachev suggested making Putin the successor to the Yeltsin family. He was awarded Cavalier of the order of the Red banner. It is noteworthy that those present at this meeting included Miroshnikov, the Deputy Leader of the Deposit Insurance Agency and one of the main authors of the attack on Pugachev. [54], Pugachev's shipbuilding companies became the largest surface shipbuilding centre in Europe. In 1993, he sold his share. . Minister for Finance and Deputy Prime Minister Alexei Kudrin made a proposal to allocate US$5 billion for this deal.[56]. [16], On 2 March 2015, Mr. Justice Peter Smith prohibited Pugachev from travelling outside England and Wales and ordered his passports and travel documents transferred to the firm Hogan Lovells (representing the interests of the Russian government). The Central Bank issued a mandate to Nomura to negotiate a settlement agreement. In spring of 2010, Severnaya Verf launched the first of a series of Corvettes of project 20380 "Soobrazitelniy".[51]. He died in 2010. 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