Petr Aven

Source: Wikipedia, the free encyclopedia.

Petr Aven
Пëтр Авен
Russia
CitizenshipRussian, Latvian
EducationMoscow State University
OccupationBusinessman
Known forAlfa-Bank
Children2
Websitehttps://petraven.info/

Petr Olegovich Aven (also transliterated Pyotr Aven;

Russian oligarch, businessman, economist and politician who also holds Latvian citizenship.[1] Until March 2022 he headed Alfa-Bank, Russia's largest commercial bank. In March 2022, he resigned from the board of directors at Alfa-Bank and LetterOne Group to help them avoid sanctions.[2]
In 2023 he was named the 659th richest person in the world, with a net worth of around $4.2 billion.[3]

Aven is a member of Russian leader Vladimir Putin's inner circle.

2022 Russian invasion of Ukraine. He criticized the sanctions, alleging that they had been applied on a "spurious and unfounded basis,"[7] and filed a lawsuit in the European Court of Justice.[8]

Early life and education

Aven was born in Moscow, his father, professor of computer science

Latvian rifleman.[9]

Petr Aven studied at Moscow Physics and Mathematics school №2 [ru].[12] He graduated from Moscow State University in 1977 and holds a PhD in economics (1980).[13]

Career

After graduation from university, Aven was a senior researcher at the

USSR Academy of Sciences and then spent time at the International Institute for Applied Systems Analysis in Laxenburg, Austria
(1989–1991).

Concerning Russian economic reform in the early 1990s, he and other reformer colleagues had consulted with foreign academics by 1990 on trying to find a new system. When Boris Yeltsin became president, he appointed Aven with the task of making the ruble convertible and finding a solution to foreign debt.[14] Aven went on to become the Minister of Foreign Economic Relations for the Russian Federation (1991–1992), serving as Russia's representative to the Group of Seven and conducting a number of high-level trade and economic missions to Western capitals. After leaving the government in December 1992, Aven became an adviser to the president of JSC "LogoVAZ" Boris Berezovsky and remained in this post until the end of 1993. In 1993 he joined the Russia's Choice movement and was a candidate for State Duma.

In October 1994, Aven met

Leonard Blavatnik of Access Industries sold their aggregate 50% stake in TNK-BP to state-owned Rosneft for $28 billion.[17]

In 2013, Aven joined the Board of LetterOne Group, an international investment business founded by

telecoms, technology and energy sectors
. The L1 Group owns companies – and has equity investments in companies – with operations in 32 countries around the world.

LetterOne acquired assets from German utility business E. ON in October 2015, in a deal worth $1.6bn, that saw the Luxembourg-based group gain Norwegian oil and gas resources.[18] In the following month, LetterOne also announced their intention to deal with Brazilian telecoms company Oi SA, and boost their presence in the mobile phone sector there.[19]

In 2015 Petr Aven and

Alfred Kokh published Gaidar's Revolution: The Inside Account of the Economic Transformation of Russia, drawing on their experience of the Russian Government and the former First Minister for the Economy, Yegor Gaidar.[20] In his review of the book, John Lloyd of the Financial Times called it "an illuminating study of the reformers who sought to revive Russia's post-Soviet economy."[21]

In 2017 Petr Aven published The age of Berezovsky (also known as The time of Berezovsky), the book about life of famous Russian business oligarch Boris Berezovsky. For it Aven interviewed many people who were familiar with Berezovsky, including Anatoly Chubais, Valentin Yumashev, Aleksandr Voloshin, Mikhail Fridman, Yuri Shefler and Demian Kudryavtsev. In the book Aven says that he has known Berezovsky since 1978 and was quite close to him: "It was Fridman and I who happened to be by Boris's bed after his attempted assassination in 1994, and it was our yacht that he chose to go after being discharged from hospital".[22][23][24]

Sanctions

On 28 February 2022, the European Union blacklisted Aven and had all his assets

2022 Russian invasion of Ukraine.[26]

On 9 April 2022, the French Ministry of Culture seized a

2022 Russian invasion of Ukraine.[27]
The canvas had been part of the "Icônes de l'Art Russe" exhibition of the late Morozov brothers' collection of artworks at the Fondation Louis Vuitton in Paris.

Aven is currently the subject of a UK investigation into the possible evasion of sanctions, with transfers totaling £3 million to the UK from Austria in February 2022 under scrutiny.

UK government in 2022 in relation to Russo-Ukrainian War. [32]

Libel suits

In 2005, a United States district court in Washington, D.C., dismissed a 2000 libel suit by Aven and fellow Alfa-Bank owner Mikhail Fridman against the Center for Public Integrity over an online article which included a suggestion that they had been involved in drug-running and organized crime; the federal judge ruled that there was no evidence of actual malice on the part of the publication and that Fridman and Aven were limited public figures regarding the public controversy involving corruption in post-Soviet Russia.[33][34][35][36]

In May 2017 Aven, along with fellow Alfa-Bank owners

dismissed with prejudice the following August.[45]

In September 2018, attorneys for Aven, Fridman and Khan filed another suit against investigative firm Fusion GPS and founder Glenn Simpson alleging defamation from the Steele report. U.S. District Judge Richard Leon has yet to rule on the suit.[46]

Together with fellow Alfa-Bank partners Mikhail Fridman and German Khan, Aven brought a lawsuit for defamation in Britain against Orbis Business Intelligence, Steele's private intelligence firm. In July 2020, Justice Warby from the Queen's Bench Division of the British High Court of Justice ordered Steele to pay damages to Aven and Fridman who Steele claimed had delivered "large amounts of illicit cash" to Vladimir Putin when Putin was deputy mayor of St. Petersburg. Judge Warby stated that the claim was "demonstrably false" and awarded the damages to compensate "for the loss of autonomy, distress and reputational damage caused by the breaches of duty". The judge stated that Steele's dossier also inaccurately claimed that Aven and Fridman provided foreign policy advice to Putin.[47][48][49][50]

Public activities

Petr Aven holds a number of public facing positions:

Since April 2006, Aven has been a member of the board of directors of the Russian Union of Industrialists and Entrepreneurs. In 2007, Aven became chairman of the Russia-Latvian Business Council.

Aven has acted as a guest professor and lecturer at some universities, including Yale University, Bar-Elan University (Israel), and the University of Glasgow and has published two books on econometrics and on economic reform and numerous articles in Russian and international journals, including in Communist Economies and Economic Transformation in Economic Policy. Yale University Press and the Kiel Institute of World Economics, and other scientific and academic institutes have published Aven's monographs.[57]

He has received a number of international awards, including the best manager in the financial services sector in Russia in 2004 by Institutional Investor.[58]

Aven is a supporter of the arts and theatre in Russia. Aven along with Stan Polovets and three fellow Russian Jewish billionaires, Mikhail Fridman, Alexander Knaster, and German Khan, founded the Genesis Philanthropy Group whose purpose is to develop and enhance Jewish identity among Russian-speaking Jews worldwide.[59][60][11]

In 2008, Petr and Elena Aven established the charity foundation "Generation". Its priorities are "support for children's healthcare, cultural exchange projects between Latvia and Russia, as well as scholarships and grants in the field of science.

Since 2012 the foundation has been supporting the Madona Hospital in northeastern Latvia. One of the first baby boxes in Latvia is equipped with the help of the foundation.[61]

Aven is also a recognised art collector. His first art purchase was a still life by

Royal Academy.[62] In May 2015, pieces from Aven's private collection were put on display at New York's Neue Galerie in an exhibition examining early twentieth century Russian art and its relationship with German art of the time.[63]

Aven has been vociferous in his criticism of fake artworks from the school of Russian avant-garde.[64]  This included criticism of the recent showing of avant-garde works at the Ghent Museum.[65]

On 3 November 2015, Aven received the Woodrow Wilson Award for Corporate Citizenship in recognition of his contribution to corporate and public service to U.S.-Russia relations, at the 2015 Kathryn and Shelby Cullom Davis Awards Dinner.[66] The award was given to Aven in recognition of his many achievements in building understanding between Russians and Americans during his career, and for his role as co-founder of the Alfa Fellowship Program,[67] which gives emerging young leaders from around the world the opportunity to gain professional experience in the private sector, government, and non-profit community, creating a new generation of American experts on Russia.[68]

In 2021 Aven bought a building in the center of Riga to establish a museum for his collection.

Royal Academy of Arts Development Trust.[70]

In 2013, Aven was awarded an honorary doctorate by the

2022 Russian invasion of Ukraine.[71]

See also

References

  1. ^ "Russian billionaire stripped of Latvian state award feels "taken aback and humiliated"".
  2. ^ Thomas, Daniel; Seddon, Max (2 March 2022). "Mikhail Fridman loses control of LetterOne after sanctions". Financial Times.
  3. ^ "Pyotr Aven". Forbes.
  4. ISSN 0140-0460. Retrieved 3 March 2022.{{cite news}}: CS1 maint: multiple names: authors list (link
    )
  5. ^ Cyprus firm helped a Putin ally move $5 million the day he was sanctioned 14 Nov 2023
  6. ^ Sheena McKenzie; Nicole Gaouette; Donna Borak (30 January 2018). "Full list of Russian oligarchs released by US". CNN.
  7. ^ Faulconbridge, Guy (1 March 2022). "Russian billionaire Fridman to contest 'groundless' EU sanctions". Reuters – via www.reuters.com.
  8. ^ "Авен и Фридман подали иски в Европейский суд юстиции против Совета ЕС - ТАСС". Tacc.
  9. ^ a b National Historical Encyclopedia, Biography of P. O. Aven by N. Zenkovich, 2004
  10. ^ Interview with P. Aven May 2010
  11. ^ a b Jerusalem Post: "The world's 50 Richest Jews: 41-50" 7 September 2010
  12. ^ Юлия Таратута (28 November 2014). "Петр Авен: "Меня больше интересует общество, чем личность"". Forbes.ru (in Russian). Retrieved 27 July 2022.
  13. ^ Environment, United States Congress House Committee on Science, Space, and Technology Subcommittee on Natural Resources, Agriculture Research, and (1990). U.S. Participation in the International Institute for Applied Systems Analysis (IIASA): Hearing Before the Subcommittee on Natural Resources, Agriculture Research, and Environment and the Subcommittee on International Scientific Cooperation and the Subcommittee on Science, Research, and Technology of the Committee on Science, Space, and Technology, U.S. House of Representatives, One Hundred First Congress, Second Session, April 18, 1990. U.S. Government Printing Office.{{cite book}}: CS1 maint: multiple names: authors list (link)
  14. ^ Cummings, Mike (13 November 2017). "Aven offers inside account of the making of modern Russia". YaleNews.
  15. ^ Petr Aven profile. Archived 20 October 2011 at the Wayback Machine Alfa-Bank Board of Directors. Retrieved 16 November 2011.
  16. ^ Forbes.com Petr Aven profile. Forbes.
  17. ^ Forbes: The World's Billionaires - Pyotr Aven March 2014
  18. ^ "E.ON agrees 1 billion pound sale of North Sea assets to Fridman". Reuters. [dead link]
  19. ^ "Fridman Offers $4 Billion to Merge Brazil Carriers Oi, Tim". Bloomberg.
  20. ^ Subbotina, Kristina (19 November 2015). "Exclusive "No Tie" Interview with head of the Alfa Banking Holding, Petr Aven on business, childhood and friends".
  21. ^ Lloyd, John (3 July 2015). "'Gaidar's Revolution', by Petr Aven and Alfred Kokh". Financial Times.
  22. ^ https://petr-aven-books.com/
  23. ^ "«Его представление о демократии как о разводке для лохов было очень глубоким» Интервью Петра Авена, который написал книгу о Борисе Березовском".
  24. ^ "Petr Aven: Book launch "The Time of Berezovsky"".
  25. The Financial Times
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  26. ^ "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK" (PDF). Office of Financial Sanctions Implementation HM Treasurey. 29 September 2023. Retrieved 12 October 2023.
  27. ^ "War in Ukraine: A painting from the Morozov Collection owned by a Russian oligarch will remain in France". Le Monde.fr. 10 April 2022.
  28. ^ "Russian Billionaire Investigated by UK for Sanctions Violations". Bloomberg.com. 25 May 2022.
  29. ^ "Russian Billionaire Haggles with UK over Expenses at Mansion". Bloomberg.com. 19 July 2022.
  30. ^ Verkaik, Robert; Sawer, Patrick (29 October 2022). "Russian oligarch handed £1m from frozen assets to pay luxury lifestyle expenses". The Telegraph.
  31. ^ Greenwood, George. "Sanctioned Russian oligarch Petr Aven has £60,000-a-month allowance".
  32. ^ "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK" (PDF). Retrieved 16 April 2023.
  33. ^ a b Gerstein, Josh (4 October 2017). "3 Russians named in Trump dossier sue Fusion GPS for libel". Politico. Retrieved 29 March 2018.
  34. ^ "Libel case over mafia-Halliburton link dismissed". Reporters Committee for Freedom of the Press. 4 October 2005. Retrieved 29 March 2018.
  35. ^ "Alfa Loses Libel Suit in U.S. Court". The Moscow Times. 29 September 2005. Retrieved 29 March 2018.
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  38. ^ Gerstein, Josh (26 May 2017). "Russian bank owners sue BuzzFeed over Trump dossier publication". Politico. Retrieved 28 May 2017.
  39. ^ "Mikhail Fridman, Petr Aven, and German Khan v. Buzzfeed, Inc. - Summons and Complaint" (PDF). 26 May 2018. Retrieved 20 August 2018 – via Politico.
  40. ^ Smith, Geoffrey (11 January 2017). "Here's Why Russian Intelligence Bombshell on Donald Trump Might Be Believable". Fortune. Retrieved 5 April 2018.
  41. ^ Sommer, Allison Kaplan (11 January 2017). "Controversial Dossier on Trump Alleges That Russia Targets Jewish-American Businessmen". Haaretz. Retrieved 5 April 2018.
  42. ^ Saakov, Rafael. "Kremlin: Russian Bankers Weren't 'Envoys' to Atlantic Council". VOA. Retrieved 28 November 2018.
  43. ^ Polantz, Katelyn (20 April 2018). "3 Russian oligarchs sue Christopher Steele". CNN. Retrieved 22 April 2018.
  44. ^ "Mikhail Fridman, Petr Aven, and German Khan v. Orbis Business Intelligence Limited and Christopher Steele" (PDF). 16 April 2018. Retrieved 20 August 2018 – via CNN.
  45. ^ "Russia's Alfa Bank fails in lawsuit over Steele's Trump dossier". MSNBC (video). The Rachel Maddow Show. 20 August 2018. Retrieved 20 August 2018.
  46. ^ "In Steele dossier suit, a skirmish over Russian oligarchs' international profile | Sandhills Express". 27 September 2018. Archived from the original on 27 September 2018. Retrieved 3 April 2019.
  47. ^ Kantchev, Alan Cullison and Georgi (8 July 2020). "Christopher Steele's Firm Ordered in U.K. to Pay Damages to Russian Bankers". Wall Street Journal. Retrieved 9 July 2020.
  48. ^ Re, Greg (9 July 2020). "Ex-spy Christopher Steele ordered to pay damages over 'inaccurate' dossier claims". Fox News. Retrieved 9 July 2020.
  49. ^ Re, Greg (9 July 2020). "Ex-spy Christopher Steele ordered to pay damages over 'inaccurate' dossier claims". www.msn.com. MSM. Retrieved 9 July 2020.
  50. ^ Dunleavy, Jerry (8 July 2020). "British judge orders Christopher Steele to pay damages to Russian bankers named in dossier". Washington Examiner. Retrieved 9 July 2020.
  51. ^ Endowment Foundation Board of Trustees. New Economic School. Retrieved 14 November 2011.
  52. ^ CERP Trustees. CERP. Retrieved 14 November 2011.
  53. ^ Council of Trustees. Archived 13 October 2008 at the Wayback Machine Russian Olympians Foundation. Retrieved 14 November 2011.
  54. ^ Petr Aven profile. HSE. Retrieved 14 November 2011.
  55. ^ "President's Council on International Activities". Yale University. 10 July 2015.
  56. ^ "RIAC :: Experts". russiancouncil.ru.
  57. ^ Petr Aven profile Businessweek.com. Retrieved 14 November 2011
  58. ^ Petr Aven profile. Archived 2 April 2012 at the Wayback Machine Skolkovo Experts and Lecturers. Retrieved 14 November 2011.
  59. ^ New York Times: "Russians Join Israel to Start Jewish Prize of $1 Million" by David M. Herszenhorn 26 June 2012
  60. ^ Yad Vashem: "Ceremony Marking the Cooperation between Yad Vashem and the Genesis Philanthrophy Group" 12 June 2009
  61. ^ "Madonas slimnīcas dzemdību nodaļa ziedojumā saņem 77 000 eiro vērtu ultrasonogrāfu". nra.lv (in Latvian). Retrieved 10 December 2021.
  62. ^ a b Jack, Andrew (12 July 2017). "Petr Aven: the Russian oligarch with an eye for art, not yachts". Financial Times.
  63. ^ "From The Director". Neue Galerie.
  64. ^ "The Faking of the Russian Avant-Garde". ARTnews. 1 July 2009. Retrieved 4 April 2019.
  65. ^ "Ghent museum director under fire from Flemish museums". theartnewspaper.com. 7 March 2018. Retrieved 4 April 2019.
  66. ^ "Petr Aven receives Woodrow Wilson Award in Washington DC - LetterOne". www.letterone.com.
  67. ^ "Alfa Fellowship Program".
  68. ^ "Wilson Center Honors Petr Aven and Susan Carmel Lehrman | Wilson Center".
  69. ^ "Russian Art Gallery: Free Valuation and Attribution". russianartgallery.org. Retrieved 10 December 2021.
  70. ^ "The Royal Academy Development Trust". Royal Academy.
  71. ^ "Billionaire stripped of University of Latvia's doctorate degree". Public Broadcasting of Latvia. 8 March 2022. Retrieved 10 March 2022.

External links

Media related to Petr Aven at Wikimedia Commons

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