Kremlev Acquires Fuel Market Assets Amid Crisis
The head of Putin's security detail began buying assets in the fuel market amid the crisis. Umar Khrulev, owner of Russia's largest car dealership 'Rolf' and a close friend of Vladimir Putin's security chief, began buying assets in the fuel market amidst the crisis.
Consensus
- Umar Kremlev's company, the International Investment Group (MIIG, formerly UNK Holding), acquired 50% stakes in three Chelyabinsk-based companies in late August.
- The companies involved are 'Urban', which manages a fuel depot in Chelyabinsk, 'Oilgroup', which deals in fuel trading and transportation, and 'Quintainvest', which provides vehicle maintenance services.
- The companies may be linked to the Tamic Energy fuel station network, which operates over 100 stations across the Urals, Moscow, and Kaluga regions and owns its own fleet of fuel tankers.
- MIIG confirmed the investments but did not disclose deal terms.
- MIIG stated that the investments were targeted at specific fuel infrastructure assets and that they remain open to projects improving existing assets, but declined to comment on specific future plans.
Points of divergence
- The acquisition was made 'on the background of a crisis' and implies a broader strategic move by Kremlev. — tg_moscowtimes_ru
- MIIG also acquired a stake in 'Quintainvest', a company providing vehicle maintenance services, which is not mentioned in the Moscow Times report. — kommersant
Coverage (2 sources)
- Putin security chief's aide began buying assets on the fuel market amid crisis — The Moscow Times
- Umar Kremlev investment group has assets in the fuel market — Коммерсантъ
Key entities
- Umar Khrimov
- Putin
- MiG
- Chelyabinsk
- EGRUL
- Rolefa
- Urban
- AO «International Investment Group» MIG
- UNK Holding
- OOO Urban
- Oil Group LLC
- QuintaInvest LLC
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