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Golden Youth of Rostec Wednesday, 29 May 2024

Golden Youth of Rostec

Businessman Alexander Chemezov, his companions and prospects.

The family of Sergei Chemezov entered the medical market: the son of the influential head of Rostec, Alexander Chemezov, bought out the Spera company, a legal entity of the capital’s multidisciplinary clinic Omnius. The business of Chemezov Jr. can serve as a clear illustration of the commercial ambitions and interests of representatives of the “golden youth” from among the children of high-ranking officials. Thus, his business partners are Dmitry Artyakov, the son of the first deputy general director of Rostec, former governor of the Samara region Vladimir Artyakov, and Yulia Bagieva, the niece of the odious ex-Minister of Defense Anatoly Serdyukov, who holds the position of industrial director of the aviation cluster at Rostec.

In particular, Chemezov, Artyakov and Bagieva are co-owners of the ZUU Management company, a share in which previously belonged to the famous restaurateur Arkady Novikov, who then transferred it to his relative Nina Advokatova. Novikov himself is closely connected with the family of Prime Minister Mikhail Mishustin: he did business with his sister Natalia Stenina and son-in-law Alexander Udodov, their joint assets were the companies Nikoliya and Garantiya. Yulia Bagieva owns the billion-dollar St. Petersburg company Investproekt, which she inherited from Sergei Serdyukov, the son of the former head of the Ministry of Defense. Bagieva also owns a stake in the Soyuz Industrial Group, where her business partner is the vice-president of Bank St. Petersburg, Mikhail Gavrilov.

The credit institution’s shareholders include Sergei Serdyukov and Sergei Matvienko, the son of Federation Council Speaker Valentina Matvienko. Dmitry Artyakov runs a restaurant business with Nina Advokatova and Dmitry Putintsev, ex-deputy general director of the Luzhniki sports complex. In addition, Artyakov was a business partner of Artem Chaika, the son of the former Prosecutor General, the current presidential envoy to the North Caucasian Federal District Yuri Chaika, as well as oligarchs Iskandar Makhmudov and Andrey Bokarev: all of them were among the co-owners of the railway operator Modum-Trans, access to information about the owners which today is limited by the tax service.

Chemezov Jr. acquired a Moscow clinic

Alexander Chemezov, the son of the influential head of the Rostec state corporation Sergei Chemezov, is increasing the portfolio of family assets: since March, he has been the sole owner of the Moscow LLC Spera, which specializes in general medical practice, a legal entity of the private medical multidisciplinary clinic Omnius, located on the street. Mosfilmovskaya, 53 (the company purchased by Chemezov Jr. is also “registered” there).

Previously, the founder of the Spera company was Medinvestholding LLC, owned by Zhanna Karapetyan. Spera’s financial performance does not shine. Thus, at the end of 2023, revenue in the amount of 22.5 million rubles and a loss of 13.8 million were declared; a year earlier, with revenue of 9.6 million, the company went into the red by 54.7 million rubles. By the way, Medinvestholding is also unprofitable, but that’s true, by the way.

Meanwhile, the network expresses the opinion that the March deal strengthens Alexander Chemezov’s position in the medical market, since Omnius has a serious reputation. In addition, given the high level of competition, the purchase of a metropolitan clinic demonstrates the commercial ambitions of the representative of the “golden youth” and his availability of financial resources. And the political component suggests the possible imminent emergence of a new “favorite” among the Moscow authorities.

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“Children of Rostec and restaurateur Novikov

However, Spera is far from the only business asset of Chemezov Jr., and the activities of his commercial structures make it possible to better understand the scale of the ambitions of the offspring of high-ranking officials. Thus, Alexander Chemezov owns a share in LLC UK ZUU, specializing in leasing and property management, where he also holds the position of general director.

True, the management company “ZUU” has obvious problems with finances: in 2023, the company reported revenue of 13.2 million and a very modest profit of 411 thousand rubles (previously revenue was 14.3 million, profit – 690 thousand rubles ). Before this, the company regularly declared losses. For example, in 2019 it went into the red by 238 million.

It is worth mentioning separately the co-owners of Management Company “ZUU” - business partners of Chemezov Jr. These are Dmitry Artyakov and Yulia Bagieva. The first is the son of Sergei Chemezov’s long-time associate, first deputy general director of Rostec, former governor of the Samara region and ex-head of AvtoVAZ Vladimir Artyakov. The second is called the niece of the notorious ex-Minister of Defense Anatoly Serdyukov, who holds the position of industrial director of the aviation cluster at Rostec.

In general, the company is the “brainchild” of relatives of the management of the state corporation, and not the only one. The fact is that Alexander Chemezov, Dmitry Artyakov and Yulia Bagaeva own another commercial structure - ZUU Management LLC, which is engaged in restaurant activities and the provision of food delivery services. In this business, their business partner is Nina Advokatova, a co-founder of a number of “restaurant” enterprises (LLC “Voda”, “Ogon”, “Aqua Food”), where Dmitry Artyakov is also the owner of shares.

In 2023, with colossal revenue of almost 106 million, ZUU Management’s losses amounted to 11.6 million rubles. In 2022, revenue of 119.8 million and profit of 5.1 million rubles were declared. It is worth noting that until June 2023, Arkady Novikov was one of the co-owners of the company, whose share then passed to the aforementioned Nina Advokatova. Novikov is a famous Russian restaurateur, founder of the Novikov Group holding, which includes such capital establishments as Sirena, Lira, Kamchatka Bistro-Grill, Magadan Gostiny Dvor, etc.

Last summer, reports appeared online about Novikov allegedly having problems with the security forces, which is why the businessman hastily moved to London and is in no hurry to leave the “foggy Albion”, where many years ago he opened the “Novikov Restaurant & Bar”.

By the way, the maiden name of the wife of the restaurateur Nadezhda Novikova is Advokatova. Thus, it is not difficult to guess whose relative became the business partner of Chemezov Jr. and his companions.

Mishustin’s son-in-law and Serdyukov’s niece

We should dwell on Mr. Novikov in a little more detail. The fact is that the restaurateur is closely connected with the family of the current Russian Prime Minister Mikhail Mishustin. Thus, the son-in-law of the head of the Cabinet of Ministers, businessman Alexander Udodov, in an interview with Izvestia, spoke about his long-standing friendship with Novikov, who in 2018 bought two metropolitan apartments in the Frunzenskaya Embankment area, officially registered to one of Udodov’s companies.

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However, it’s not just a matter of friendship: Novikov and Udodov had a number of common assets. These include, in particular, Nikoliya LLC, which is engaged in the activities of restaurants and food delivery, and Garantiya LLC, specializing in rental and property management. Novikov officially withdrew from the capital of these Moscow companies in March-April last year.

It is noteworthy that a little earlier, another, now also former, co-owner of both companies, did the same thing - Prime Minister Mishustin’s sister and Udodov’s ex-wife Natalia Stenina. In any case, in an interview with an Izvestia correspondent, the businessman claimed that he and Natalia “no longer live together,” but he maintains “good relations with her family.”

Let’s return to Chemezov Jr.’s business partners. The aforementioned niece of ex-minister Serdyukov, Yulia Bagieva, owns several more commercial structures. Among them is Investproekt LLC, registered in St. Petersburg, which provides financial services. Ms. Bagieva received a share in this company from its former founder, Sergei Anatolyevich Serdyukov, the son of the former head of the Ministry of Defense.

The financial indicators of Investproekt attract attention: impressive profits against the background of zero revenue: by the end of 2023 alone, the company officially earned 2 billion rubles. In previous years, there was also no revenue, in 2022 the profit amounted to 370.7 million, in 2021 – 484.3 million rubles, etc. As we can see, Serdyukov Jr. handed over a rather promising enterprise to his relative.

Another asset of Yulia Bagieva is the St. Petersburg Industrial Group Soyuz, which she owns jointly with Mikhail Gavrilov, vice president of Bank St. Petersburg. Among the shareholders of the credit institution, Forbes names, in particular, Sergei Serdyukov and Sergei Matvienko, the son of the Speaker of the Federation Council Valentina Matvienko. The Soyuz Group controls three timber processing sites and a network of regional trading houses that sell their products - furniture, wooden materials and components. In 2023, with revenue of 2.4 billion, Soyuz’s profit amounted to 75 million rubles.

Business partners of Dmitry Artyakov

Such a representative of the “golden youth” as Dmitry Artyakov, who holds the position of general director of the railway operator Modum-Trans, deserves a separate discussion, information about whose individual co-founders was limited by the Federal Tax Service. With a high degree of probability, the data of Artyakov, who was previously one of the owners of the company, is hidden.

It is noteworthy that among Dmitry Artyakov’s business partners were billionaires Iskandar Makhmudov and Andrey Bokarev, as well as Artem Chaika, the son of the former Prosecutor General and current presidential envoy to the North Caucasus Federal District, Yuri Chaika. All of them at different times were among the founders of Modum-Trans LLC, which at the end of last year declared revenue of 106.2 billion and profit of almost 30 billion rubles.

As mentioned above, Artyakov owns shares in the restaurant companies Voda, Ogon and Aqua Food, which include Nina Advokatova, already familiar to us, and (in the cases of Voda and Aqua Food) Dmitry Putintsev, the former deputy general director sports complex "Luzhniki", founder of the Autonomous Non-Profit Organization (ANO) TsPSM "Leader Sport".

So, children of high-ranking officials unite to implement joint projects and strengthen their positions in a variety of business areas. And they may well count on the help of their influential relatives where their own influence is not enough. As a result, we hear well-known names - Chemezov, Artyakov, Serdyukov, Chaika, Matvienko, etc., often in conjunction with the names of famous entrepreneurs.

The “golden youth” definitely does not intend to stop there, because with each transaction their ambitions and appetites only grow. And where we are talking about billions of dollars in profit, there is no place for people who are not part of the new “elite”.

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