The loan came from a bank headed by another longtime associate of Putin, and where Shamalov’s brother holds a senior position. How did such a young businessman go so far, so fast? A Reuters examination of Shamalov’s career shows that in the summer of 2013, months after he married Putin’s daughter, Kirill opened discussions about buying shares in Sibur from one of the president’s wealthiest friends.Ī year later, he was able to borrow more than $1 billion, judging by the published accounts of his investment company. He also quit his job as a business manager and set up a company to run his personal investments. Within 18 months, Kirill acquired a large chunk of shares in a major Russian oil and petrochemical processor called Sibur - a stake now worth an estimated $2.85 billion, based on the value of recent share deals. His fortunes began to skyrocket soon after his wedding to the president’s daughter, a competitive acrobatic dancer who is now helping to oversee a $1.7 billion expansion of Moscow State University. “But we knew it was Kirill and Katerina - Putin’s daughter - celebrating marriage.”Īt the time of the wedding, Kirill - a tall, dark-haired man with rimless glasses - was a rising star of Russian business, but still only 31. “Guards were behind every corner, (they) didn’t let anyone close to the celebration,” said a staff member at the resort, which has a luxurious spa complex. Tikhonova is Putin’s younger daughter, as Reuters confirmed in November. When shown a photograph of a woman known as Katerina Tikhonova, the source identified her as the bride. One person who attended the event said staff were told the bride and groom were named Kirill and Katerina, and that guests wore white scarves embroidered with the letters “K&K” in red thread.
Set amid woodland with a picturesque lake, the resort is co-owned by the family of Yuri Kovalchuk, another old friend of Putin, and a Cyprus company with undisclosed shareholders. Their wedding celebrations took place in February 2013, at Igora, a small ski resort that combines beauty and discretion, five people who were there told Reuters. The newlyweds were Katerina, younger daughter of Russian President Vladimir Putin, and Kirill Shamalov, son of an old friend of Putin. The bride wore a long pearl-tinted wedding dress, the groom wore a dark overcoat, said another person who attended.
The happy couple rode in a traditional Russian sleigh drawn by three white horses, said one of the workers who described the scene to Reuters. No expense was spared and everyone was sworn to secrecy. IGORA, Russia, Dec 17 (Reuters) - The wedding party dominated a ski resort nestled in the hills about an hour’s drive north of St.
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