Hubbry Logo
search
logo

Yury Kovalchuk

logo
Community Hub0 Subscribers
Write something...
Be the first to start a discussion here.
Be the first to start a discussion here.
See all
Yury Kovalchuk

Yury Valentinovich Kovalchuk (Russian: Ю́рий Валенти́нович Ковальчу́к; born 25 July 1951) is a Russian billionaire businessman and financier who is "reputed to be Vladimir Putin's personal banker". The Panama Papers leak revealed that Kovalchuk had transferred at least $1 billion to an offshore entity.

Kovalchuk is a close friend of Putin: he hosted the wedding of Putin's daughter Katerina Tikhonova to Kirill Shamalov at his ski resort, Igora, in 2013.

According to journalist Mikhail Zygar, Kovalchuk could probably be called Number 2 in today's Russia. While self-isolating from COVID-19 in 2020, Putin spent much time with Kovalchuk, and they share the view that the only important factor is to restore Russian greatness. According to some experts, Kovalchuk played a role in Putin's decision to invade Ukraine in 2022.

Yuri Kovalchuk spent his childhood and youth in Leningrad. He was the second child in a family of history teachers. His father, Valentin Mikhailovich Kovalchuk, is Russian, and his mother, Miriam Abramovna Kovalchuk (née Viro), is Jewish. His brother Mikhail is five years older than him.

From 1987 to 1991, he was the first deputy director of Ioffe Physico-Technical Institute.

In 1992, Kovalchuk was a founder of the STREAM Corporation (Russian: ЗАО "Корпорация "СТРИМ").

Kovalchuk is very closely associated with Vladimir Stolyarenko.

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 Saint 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.

See all
User Avatar
No comments yet.