max seddon Profile picture
Feb 24 19 tweets 4 min read
Putin has summoned the oligarchs for a meeting in the Kremlin later today, the Kremlin says.
Behold Russia's business elite, in the Kremlin's Hall of the Order of St Catherine, where the astonishing security council session with Putin was on Monday.

Alexander Shokhin, who heads the oligarch lobby group, is talking about cryptocurrency regulation as Ukraine burns.
Herman Gref of Sberbank – one of the few heads of major state companies and longtime Putin confidantes not on US sanctions yet – has worn a blueberry suit for the occasion. He does not look thrilled to be there.
This is Gazprom Neft's Alexander Dyukov, considered one of Russia's most talented corporate executives. He's missing the UEFA meeting on stripping St Petersburg of the Champions League final to be here
Putin claims he was forced into the invasion.

"What's happening is by necessity. They could have created such risks for us that it wasn't clear how the country [Russia – not Ukraine] could have continued to exist."
The full list of oligarchs who met Putin is out, but the Kremlin website is a bit screwy. Here they all are in the next part of the thread:

kremlin.ru/events/preside…
AVEN Petr Olegovich - Chairman of the Board of Directors of Alfa Bank Banking Group, Chairman of the Board of Directors of AlfaStrakhovanie JSC

AKIMOV Andrey Igorevich - Chairman of the Board, Deputy Chairman of the Board of Directors of Gazprombank JSC
ALEKPEROV Vagit Yusufovich – President of PJSC LUKOIL

BELOZYOROV Oleg Valentinovich - President - Chairman of the Board of JSC "Russian Railways"

BOKAREV Andrey Removich - President of JSC "Transmashholding"
VINOKUROV Alexander Semenovich - Member of the Board of Directors of the Magnit retail chain, President of Marathon Group

GREF German Oskarovich - President, Chairman of the Board of PJSC Sberbank of Russia

GURIEV Andrey Andreevich – General Director of PJSC PhosAgro
DYUKOV Alexander Valerievich – Chairman of the Board, General Director of Gazprom Neft PJSC

EVTUSHENKOV Vladimir Petrovich - Chairman of the Board of Directors of PJSC AFK Sistema

KERIMOV Suleiman Abusaidovich - founder of the investment holding "Nafta Moscow"
KIRIENKO Vladimir Sergeevich - General Director of VK

KOGOGIN Sergey Anatolyevich - General Director, Chairman of the Board of PJSC "KAMAZ"

KONOV Dmitry Vladimirovich – Chairman of the Board of PJSC SIBUR Holding
KOSTIN Andrey Leonidovich - President - Chairman of the Board of PJSC VTB Bank

KULIKOV Sergey Alexandrovich - Chairman of the Board of Management Company RUSNANO LLC

LIKHACHEV Alexey Evgenyevich - General Director of the State Atomic Energy Corporation "Rosatom"
MAZEPIN Dmitry Arkadievich - General Director of JSC UCC Uralchem

MELNICHENKO Andrey Igorevich - Member of the Board of Directors of JSC SUEK

MILLER Alexey Borisovich – Chairman of the Board of PJSC Gazprom
MIKHELSON Leonid Viktorovich – Chairman of the Board of PJSC NOVATEK

MORDASHOV Alexey Alexandrovich – Chairman of the Board of Directors of PJSC Severstal

MOSHKOVICH Vadim Nikolaevich - Chairman of the Board of Directors of the Rusagro group of companies
OSEEVSKY Mikhail Eduardovich – President of PJSC Rostelecom

POLUBOYARINOV Mikhail Igorevich - General Director of PJSC Aeroflot - Russian Airlines

POTANIN Vladimir Olegovich - President of CJSC Holding Company Interros
PUMPYANSKY Dmitry Alexandrovich - Chairman of the Board of Directors of PJSC Pipe Metallurgical Company

RASHEVSKY Vladimir Valerievich - General Director of PJSC "Evrokhim"

Ryumin Andrey Valerievich - General Director of PJSC Russian Grids
SECHIN Igor Ivanovich - Chief Executive Officer, Chairman of the Board of PJSC NK Rosneft

Tokarev Nikolay Petrovich – Chairman of the Board, President of PJSC Transneft

FRADKOV Petr Mikhailovich - Chairman of PJSC Promsvyazbank
KHUDAVERDYAN Tigran Oganesovich - Managing Director of Yandex

SHOKHIN Alexander Nikolaevich - President of the "Russian Union of Industrialists and Entrepreneurs"

SHUVALOV Igor Ivanovich - Chairman of VEB.RF

SHULGIN Alexander Alexandrovich - CEO of OZON
This list shows you how much Kremlin Inc has changed since Putin came to power. You'd only call a handful of these guys, like Yevtushenkov, oligarchs in the classical sense. A lot of them are state company bosses with KGB pasts like Akimov and Sechin

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More from @maxseddon

Feb 25
Putin claims Russia is mostly fighting "nationalists" and calls on Ukraine's armed forces to surrender.

"Take power into your own hands. It looks like it'll be easier for us to make a deal with you than this gang of drug addicts and neo-Nazis." Image
The whole root of the Ukraine crisis, according to Putin, is that the 2014 Euromaidan revolution was a foreign-backed armed coup against a democratically elected president. Here he is calling for a foreign-backed armed coup in Ukraine in this very video
The way Putin pronounces “banderovtsy” (followers of Ukrainian nationalist icon Stephan Bandera) makes it sound like he is taking about Ostap Bender (wily anti-hero of classic Soviet satire The Twelve Chairs)
Read 4 tweets
Feb 24
US sanctions on dollar transactions for Sberbank, Russia's largest bank by a long way, are a big deal and will be painful in the short term for the Russian financial system.

But those sanctions aren't as tough as those on VTB, which cut it out of the financial system entirely.
A few quick notes on these banks.

Sberbank was a staid Soviet-style institution before it got a new lease on life under Herman Gref, Putin's most liberal confidant. He styled it after Silicon Valley and tried to make it an example for Russian reform.

ft.com/content/3450c8…
By all accounts, Gref did a great job modernizing Sberbank – it was one of Europe's most profitable companies.

But as it became clear in recent years Putin had no interest in reform, however, its tech ambitions began to founder as well.

ft.com/content/4b5248…
Read 9 tweets
Feb 24
Some Russians are protesting Putin's attack on Ukraine despite a total ban on protesting and immediate heavy crackdowns from riot police. Here's a gathering of about 200 in St Petersburg
A few hundred people in Moscow, where there are also reports of many arrests.
Read 5 tweets
Feb 24
It’s too early to say what the Russian people make of Putin’s invasion of Ukraine, but he’s already lost a few celebrities. Most of these guys rely heavily on the state for their living.

A short thread.
Ivan Urgant, Russia’s equivalent of Steven Colbert (who was once on his show): “Fear and pain. NO to war.” Image
Maxim Galkin, singer and husband of Alla Pugacheva, Russia’s biggest celebrity:

“I’ve been talking to friends and relatives from Ukraine since early morning! I can’t find the words to say what I feel! How can this be possible! There can be no justification for war! No to war!” Image
Read 9 tweets
Feb 24
Vladimir Putin has launched a massive invasion of Ukraine.

The FT will be tracking every development with me and @NastassiaAstra in Moscow, @polinaivanovva and @JohnReedwrites in Kyiv, @HenryJFoy in Brussels, @VJMallet in Paris, and @GuyChazan in Berlin.

ft.com/content/5b4235…
@NastassiaAstra @polinaivanovva @JohnReedwrites @HenryJFoy @VJMallet @GuyChazan A tale of two speeches: how Putin's bloodcurdling declaration of war and Zelensky's heartfelt appeal for peace showed, as the latter said, that "Ukraine on your TV news and the real Ukraine are two totally different countries."

ft.com/content/0783ea…
“The Putin whom Macron met at the Kremlin was not the same as the one he saw the previous time they had met in December 2019. This Putin was more rigid, more isolated, and basically one who had gone haywire in terms of ideology and security policy.”

ft.com/content/878727…
Read 16 tweets
Feb 24
New Zelensky statement:

“Ukrainians will never give up their freedom and independence to anyone. Only we have been determining our future since 1991. But now the fate of not only our state is being decided, but also what life in Europe will be like.” president.gov.ua/en/news/rosiya…
"The Russian state is on the side of evil, but much depends on the Russian people," Zelensky says.

“Russians will choose personally which path each of them will take. For all who have not yet lost their conscience, it is time to go the streets and protest against this war."
Zelensky: "Ukraine will not surrender its freedom, whatever Moscow thinks. For Ukrainians independence and the right to live free on our land is the highest value. Russia like a suicidal scoundrel attacked our country this morning, just as Fascist Germany did in World War II."
Read 6 tweets

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