Contents tagged with Sibur

  • Forbes: Putin's Son-in-Law is a Billionaire

    Kirill Shamalov, the co-owner of the petrochemical holding company, SIBUR, who is also the son-in-law of Vladimir Putin, is a billionaire, as reported by Glavnoe on Tuesday, January 12th.

    According to Forbes, the estate of Kirill Shamalov is estimated at 1.2 billion dollars. However, a representative for Shamalov has not confirmed this information. The publication notes that Shamalov is likely a billionaire as a result of the transaction between SIBUR and the Chinese State Company, Sinopec. …

  • Putin's son-in-law received $1.75 billion Russian state loan

    A Reuters report on information taken from public records about the government and the Sibur Company indicates that Russian President Vladimir Putin's son-in-law has received government funds for a lucrative construction project.

    33-year-old Kirill Shamalov owns one fifth of the largest petrochemical company in Russia, Sibur Gas Processing and Petrochemicals. In December, Sibur received funds from the National Welfare Fund (NWF) for the construction of a large complex in the Tyumen region near …