Yuri Kovalchuk Net Worth is
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Yury Valentinovich Kovalchuk (Russian: ?(R)N??,?? ?????>>?u? 1/2 N??,? 1/2 ? 3/4 ???,N? ??? 3/4 ?????>>N?N?N???, born 25 July 1951, Leningrad, Soviet Union) is a Russian businessman and financier "reputed to be Putin's personal banker". The May 2008 issue of Russian Forbes listed him for the first time in its Golden Hundred of Russia's richest and introduced him and another new entrant to the List, Gennady Timchenko, as "good acqaintances of Vladimir Putin." The magazine placed him at number 53 (Russians only list) with estimated fortune of $1.9 billion.
From 1987 to 1991 he was the First Deputy Director of Ioffe Physico-Technical Institute.
Since 2004 he is the Head of the Board of Directors of the Russia bank. He is also its largest shareholder.
Since the early 1990s, Kovalchuk owns a dacha in Solovyovka, Priozersky District of the Leningrad region, which is located on the eastern shore of the Komsomolskoye lake on the Karelian Isthmus near St. Petersburg. His neighbours there are Vladimir Putin, Vladimir Yakunin, Andrei Fursenko, Sergey Fursenko, Viktor Myachin, Vladimir Smirnov and Nikolay Shamalov. On 10 November 1996, together they instituted the co-operative society Ozero (the Lake) which united their properties.
His elder brother, Mikhail Kovalchuk, is the Scientific Secretary of the Council for Science and High Technologies attached to the President of the Russian Federation. Despite pressure from Putin, the Russian Academy of Sciences rejected Mikhail Kovalchuk's application for full membership of the Academy in May 2008. This was seen as a blow to Putin's authority, as speculation existed that Putin had wanted to Kovalchuk to become President of the RAS.
Yuri Kovalchuk was one of several individuals sanctioned by the U.S. Treasury Department on March 20, 2014 in response to the 2014 Crimean crisis. According to the U.S. Treasury, Mr. Kovalchuk is a close advisor to President Putin and has been referred to as one of his a??cashiers.a??

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Yuri Kovalchuk Latest News

Jeff Bezos vs. Vladimir Putin: Who’s going to be the first trillionaire?

Which brings us to Putin’s friends and their children, the Kremlin juniors. Putin’s closest friends from St. Petersburg, such as Gennady Timchenko and Yuri Kovalchuk, the largest shareholder in Bank Rossiya, are reputed to be some of the sources of ...
Posted: August 23, 2017, 4:00 am

Putin's inner circle hit by EU sanctions

Arkady Rotenberg and Yuri Kovalchuk are the highest ranking members of President Putin’s inner circle to have their European assets confiscated and their visas revoked. Both are already blacklisted by the United States. Nikolay Shamalov, another Russian ...
Posted: July 30, 2014, 4:48 pm

U.S. sanctions hit 'Putin's bank' and close associates

Washington slapped business bans and asset freezes on Bank Rossiya and chairman and main shareholder Yuri Kovalchuk, to pressure Moscow over its annexation of Ukraine's Crimea region. Also targeted were top businessmen close to Putin -- billionaires ...
Posted: March 20, 2014, 11:42 am
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