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Another Russian oligarch sold his entire business in Russia

Photo: rosZMI

Businessman Roman Avdeev completed an agreement to sell his 62% stake in the Rossium concern.

Billionaire Roman Avdeev, ranked 108th in the Russian Forbes ranking with a fortune of $1.2 billion, announced the sale of his last asset in the Russian Federation. The Moscow Times writes about it on Thursday, October 31.

The businessman completed the sale of his 62% stake in the concern Rossium structures of another Russian billionaire Sergei Sudarikov.

“As a result of the agreement, I don’t have any assets or business projects in Russia,” Avdeev said.

According to the billionaire, he plans to “focus on loved ones, especially children and other important aspects of his life that are not related to business.”

Avdeev established a financial concern Rossium in 2006, its main asset was Moscow Credit Bank. At the end of 2019, the businessman agreed to merge the assets with the main shareholder of the investment group Region Sergei Sudarikov. SA Rossium the latter still holds a 31% share.

Avdeev is 57 years old, he is married, has 23 children, 17 of them are adopted. Since the start of Russia’s massive invasion of Ukraine, the businessman’s wealth has dropped from $1.8 billion in 2021 to $1.2 billion in 2024.

We remind you that earlier Switzerland froze 1.3 billion euros of the Russian oligarch Suleiman Kerimov.

In Ukraine, the court upheld the claim of the Ministry of Justice for the nationalization of the assets of sanctioned Russian oligarchs, in particular, Miron Gorilovsky.

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Source: korrespondent

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