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Igor Yusufov Former Minister of Energy of Russia He was building a financial empire for Medvedev

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Read this text in Russian

Surname: Yusufov

Name: Igor

Fathername: Khanukovich

Position: Former Minister of Energy of Russia

Bio:

  Igor Khanukovich Yusufov was born in 1956  in Derbent, Dagestan ASSR. He graduated from the Faculty of Energy at Novocherkassk Polytechnic Institute in 1979 and from the All-Union Academy of Foreign Trade in 1991.

In 1979 - 1984 he worked as an engineer at  Mosenergo generating company.

In 1984 - 1987 he was a senior expert at the  construction  of Havana thermal power stations on Cuba.

In 1991 - 1992 he was deputy chairman of the Committee on Protection of Russia's foreign economic interests.

In 1993 he was the Deputy Minister of the RF Foreign Economic Relations.

In 1994 - 1996  he held an executive position  in  Rosvooruzhenie, Russian state intermediary agency for export and import of military and dual-purpose products, technologies and services.

In 1996 - 1997 he was the Deputy Minister of Industry responsible for gold and diamonds. As deputy minister he was elected to the board of directors of Lenzoloto gold-mining corporation.

In 1998 - 1999 he was the first deputy chairman and  then the chairman of the Russian State Committee on State Reserves.

In 1999 - 2001 he was the director-general of Russian State Reserves Agency.

In 2001 - 2004  he was the Minister of Energy of the Russian Federation.

In 2004 – 2011 he was the RF Presidential Envoy for International Energy Cooperation and the Ambassador at Large of the RF Ministry of Foreign Affairs

Awards

Order for Merits to the Fatherland  4th Grade (2006) 

Yusufov is married and has two sons.

Source: Wikipedia 

Dossier: 

   Reports say that as far back as the early 1990s Yusufov started working for Revival Foundation for Social Development of Russia  headed by  president of the Supreme Soviet of the RSFSR Boris Yeltsin and then by vice-president Alexander Rutskoi.

  In 1991-1992 Yusufov was deputy chairman of the Committee on Protection of Russia's foreign economic interests under the President of the RSFSR. The Committee was founded by Rutskoi and Alexander Sterligov and headed by " Cheka official and German translator " Nikholai Yermakov.

Source: Vremya Novostey,  18 June 2001

 In 1998  Yusufov was appointed first deputy chairman and later became acting chairman of the RF State Committee on State Reserves. In December 1998 he was appointed chairman of the Committee and in May 1999 his position was officially renamed  as director-general of Russian State Reserves Agency. Yusufov's agency was called ''the best mechanism of federal influence on the regions and the most important resource beyond the control of the State Duma".  In particular, the agency made barter transactions to provide regions with fuel  during winter   and spring planting seasons, so Yusufov   was well known among  government officials, governors and large companies. He was reported to be a man of Mikhail Kasyanov, who in 1999 – 2000 was the RF Minister of Finance.

 

Source: Noviye Izvestiya, 3 October 2004

   In 2001  Yusuf was appointed Minister of Energy. As  head of the Ministry he was elected chairman of the boards of directors of Rosneft public corporation and  Transnefteprodukt public corporation. In 2003 he was also elected to the board of directors of  Gazprom public corporation.
  Yusufov left his position in spring  2004 after resignation of  Kasyanov's cabinet and restructuring the government that resulted in elimination of  the ministry.

Source: Vedomosti, 25 February 2004

In April 2009  Yusufov was to be nominated as Secretary General of the  Gas Exporting Countries Forum.  However, he refused to take the position since  "the purpose of the organization was not entirely clear". In June 2009 high-rankingRussian diplomats  called Yusufov "the best candidate" to replace  Russian Ambassador to Ukraine Viktor Chernomyrdin. However, it was Zurabov who became the ambassador.

Source: Kommersant, 22 June 2009

 On 8 April 2011  Dmitry Medvedev dismissed Yusufov. Medvedev's press secretary Natalya Timakova said that   Yusufov's resignation was related to the elimination of his post.
However, reports say that he was dismissed  because his son Vitaly had purchased almost 20% of shares of the Bank of Moscow from banker Andrei Borodin now hiding in the UK.

Source: RBC,  8 April 2011

 In November 2011 former president of the Bank of Moscow Andrei Borodin stated in an interview that Yusufov openly said that he represented interests of  president Dmitry Medvedev, who  sought  state control of the Bank of Moscow. According to Borodin, Yusufov said  '' I am going to buy your stake in the Bank of Moscow at a low price and you have no choice, because otherwise you'll lose everything.  In a couple of years we will sell the stake to VTB bank and share the profit  between myself, Medvedev and  Kostin.''

Borodin said  ''He always talked plain: we are establishing ''retirement fund'', or  ''future financial empire'', for '' the young man'' as he called president Medvedev.  That's the very words he used.''

Source: Vedomosti, 21 November 2011

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List of companies referred to

• Bank of Moscow
• Mosenergo
• Rosvooruzhenie
• Lenzoloto
• Rosneft
• Transnefteprodukt
• Gazprom

List of persons referred to

• Dmitry Medvedev
• Alexander Rutskoi
• Alexander Sterligov
• Nikholai Yermakov
• Mikhail Kasyanov
• Andrei Borodin