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Special Report – The man who married Putin’s daughter following made a king’s ransom

Special Report – The man who married Putin’s daughter following made a king’s ransom

IGORA, Russia (Reuters) – The wedding team dominated a ski resort set regarding hills about a keen hour’s drive north off St. Petersburg. No expense try protected and everybody are pledged so you can secrecy.

The latest bride used a lengthy pearl-shaded bridal dress, the bridegroom wore a dark colored overcoat, told you another person just who went to. The fresh newly weds was indeed Katerina, young girl out-of Russian Chairman Vladimir Putin, and you can Kirill Shamalov, son out of a classic buddy from Putin.

The relationships festivals taken place into the , during the Igora, a little skiing resorts that mixes beauty and discernment, five people that are there told Reuters. Place amid woodland which have a scenic river, the resort is co-owned by the family of Yuri Kovalchuk, other old buddy away from Putin, and you will a Cyprus company that have undisclosed investors.

One person whom went to the event said personnel was informed new groom and bride was in fact entitled Kirill and you can Katerina, which guests wore light jewelry stitched with the characters “K&K” when you look at the yellow thread. Whenever shown an image of a woman labeled as Katerina Tikhonova, the reason known the lady while the bride to be. Tikhonova is actually Putin’s more youthful child, because Reuters verified from inside the November.

The couple rode inside a classic Russian sleigh taken of the about three light ponies, told you among the many pros just who discussed the view so you can Reuters

“Shields were behind all place, (they) don’t assist somebody close to the celebration,” said a staff member in the hotel, which has a deluxe day spa advanced. “But i understood it actually was Kirill and you can Katerina – Putin’s daughter – celebrating matrimony.”

During the marriage, Kirill – a large, dark-haired guy with rimless glasses – is an emerging celebrity regarding Russian organization, yet still only 31. Their fortunes began to skyrocket after his matrimony with the president’s daughter, an aggressive acrobatic dancer who’s today assisting to supervise good $step billion (step 1 million weight) extension regarding Moscow State College.

Contained in this 18 months, Kirill gotten a big chunk off shares into the a major Russian petroleum and you can petrochemical processor named Sibur – a risk now worthy of an estimated $2.85 billion, according to the property value previous display product sales. The guy together with end their business as the a business movie director and put up a pals to run their own expenditures.

Just how did for example an early on businessman wade yet, so fast? An excellent Reuters study of Shamalov’s community shows that in the summertime away from 2013, weeks after he hitched Putin’s girl, Kirill unwrapped conversations about to shop for shares in the Sibur from a single off the fresh new president’s richest family unit members.

His job and you may company aren’t within the industries interesting of your Kremlin

The following year, he had been in a position to borrow more than $step one billion, judging by the fresh had written account regarding their money business. The loan originated from a bank on course of the other longtime user out of Putin, and you may in which Shamalov’s sis retains an older standing. The cash was used while making a good investment within the Sibur that in this days turned-out very effective for Kirill.

The fresh trajectory regarding Kirill’s fortunes sheds new light regarding how anyone near to Putin have taken ruling ranks from inside the secret businesses – and how including options are now being prolonged to some other age group. Including the wedding, the majority of it import away from riches has actually took place away from personal scrutiny.

Vladimir Milov, a former Russian deputy times minister and now an opposition campaigner, said Putin’s household members got obtained significant property with the help of lenders with website links to the county, such as for example Gazprombank.

“It is very low-clear, making it difficult to get to and you will judge this new facts of loan preparations,” Milov said. “It consider Gazprombank its pocket bank.”

Inquired about the marriage celebrations and you will team escort service Dayton OH profit, Dmitry Peskov, spokesman on Russian president, said: “Putin’s girl aren’t doing work in politics or company. The newest businessman, Shamalov, is known. In terms of our company is alert, every his points are in range to your rules of your Russian Federation. For many years he has got been in the treating brand new providers Sibur, and you can together with other senior professionals is a stockholder. We really do not bring comments towards the personal lives of Putin’s romantic loved ones.”

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