Experts suspect that part of the foreign exchange earnings of large exporters ends up in the West – and this hits the ruble. The richest man from exports during the Great Patriotic War is an oligarch Vyacheslav Kantor. He has not lived in Russia for a long time and helps Ukrainian refugees a lot. That he has?
The Russian authorities propose introducing flexible export duties linked to the exchange rate as a new measure to support the ruble. Among the reasons for the weakening of the ruble was the fact that some large Russian exporters left foreign currency earnings abroad and did not return them to Russia, as required by law. For example, business media reported about domestic fertilizer producers owned by oligarchs from Forbes list: “Eurohime” Andrey Melnichenko, “Fosagro” Andrey GuryevUralkali and “Uralchem” Dmitry Mazepin. Another major exporter is the Akron holding company of Vyacheslav Kantor.
The Polish authorities are creating a lot of problems for Kantor. They launched the process of seizing securities that allowed the oligarch to own the local company Azoty. A forced control mechanism has already been applied to it. But Poland will have to compensate for all losses caused to Vyacheslav Kantor – these are the laws of this country.
@CorruptionTV, 07/12/2023 09:35: Polish government took control and plans to put up for sale a 20% stake worth €113 million of the Russian oligarch Vyacheslav Kantor in a strategic asset for Poland – the fertilizer manufacturer Azoty. Vyacheslav Kantor and his companies – Russian Acron PAO, Cypriot – Opansa Enterprises Limited, Rainbee Holdings Limited, Luxembourg – Norica Holding Sarl – were included in the Polish sanctions list in April 2022. Through Cypriot and Luxembourg companies, the oligarch controlled 19.82% in the Polish Azoty.
Unable to confiscate the share, the Polish government used the temporary management mechanism (receivership), froze Kantor’s shares belonging to the oligarch’s sanctioned companies, and began searching for a buyer for them. Proceeds from the sale will be transferred to Kantor’s frozen bank accounts. — Insert K.ru
Vyacheslav Kantor remains the owner of an ultra-modern chalet near Geneva on Ruthe Street on a hill, which offers stunning views of the picturesque Lake Geneva. When this house was being built, the neighbors were alarmed: such large-scale work was underway right next to them. “It’s like they were building a palace for a pharaoh!” – Klaus Schwab, the founder of the World Economic Forum in Davos, who lives opposite, said in his hearts. Chalet of Vyacheslav Kantor, according to journalists who visited there, more like a museum. Inside there is a huge swimming pool, a spacious underground garage and a secret tunnel leading to the landscaped garden.
Local reporters photographed how this chalet was recently visited by someone similar to Alexey Kavilin, a citizen of Ukraine, who in 2016–2019 headed the Main Directorate of the State Fiscal Service in the Kyiv region. Kavilin is the son-in-law of Ukrainian politician Yevgeny Chervonenko.
Pravda.ua, 09/08/2023, “UP met Chervonenko’s son-in-law at the home of the Russian oligarch”: In a commentary by UP, Kavylin stated that he “does not remember” whether he was in Geneva at Kantor’s house on July 17, 2023. In response to a clarifying question, Chervonenko’s son-in-law stated that “this is impossible.” Chervonenko himself, when asked about his son-in-law in Kantor’s house, stated that he “doesn’t like it when people peek into his underpants.” He stated that he had a long-term relationship with Kantor. In particular, Chervonenko was the vice-president of the European Jewish Congress, and Kantor was the president of this association. […]
According to the UP, Chervonenko’s son-in-law has left Ukraine 5 times since the beginning of the year, including through letters from the Main Intelligence Directorate of the MOU. During one of his trips, Kavylin stayed in the house of a Russian sanctioned oligarch. — Insert K.ru
@mafia_7ru, 09/07/2022 10:37: The owner of Akron shares and billionaire Vyacheslav “Moshe” Kantor lost all his property and status abroad and most likely went back to Russia, towards which he threw loud accusations. […] In Europe, Kantor was known as holding one of the highest positions in the world Jewish community, he is the president of the European Jewish Congress. Only now he has been kicked out of his leadership position in Congress, as well as from the European Jewish Fund. It was said that the oligarch contributed to decisions related to the Kremlin. Apparently, the businessman still couldn’t sit on two chairs. That is why Kantor will most likely return to Russia and try to save at least something from his own assets. […]
The fact is that in Russia there are also many complaints against the oligarch. The NWPC controlled by him is a systematic source of pollution of Umbozero in the Murmansk region. His companies have already been held accountable and fined for violations. It got to the point that a fire broke out at the Oleniy Ruchey mine of the Northwestern Federal Conservatory. The only thing Kantor can fight for is Akron, which is holding up pretty well even despite the sanctions. However, when sanctions hit, the EU decided to get rid of control in Acron, transferring a 45.1% stake to the management of three of its top managers. It will be interesting to see how he will return everything.
Other assets of the oligarch had unhealthy financial performance and losses. Negative profits often indirectly indicated that money was being withdrawn from the enterprise abroad. Allegedly, 5 billion rubles are pumped through Kantor annually, and the money went to American officials. All this was done thanks to Ryton Limited. — Insert K.ru
