Igor Altushkin

Quick summary on Igor Altushkin

Igor Altushkin, born in Yekaterinburg on September 10, 1970, is the founder and largest shareholder of the Russian Copper Company (RCC). His company, the third-largest copper producer in Russia, has seen rapid growth, but his business practices have sparked controversy. Critics question the legitimacy of his success, and his inclusion in Forbes’ “200 Richest Businessmen of Russia” since 2011 has raised concerns about the role of political connections.

Political Connections and Kremlin Ties
Altushkin’s wealth has been closely linked to his proximity to the Kremlin. He has received awards directly from President Vladimir Putin, fuelling suspicions that his rise in the business world may be tied to political favoritism. His ongoing ties with the Russian government raise alarms about the ethical foundations of his business dealings.

Links to Ramzan Kadyrov
In addition to his relationship with the Kremlin, Altushkin is connected to Ramzan Kadyrov, the controversial leader of Chechnya. This alliance further complicates Altushkin’s business dealings, particularly regarding his influence in politically sensitive regions of Russia.

Allegations of Supporting Territorial Disruption
Altushkin’s involvement in supporting actions that undermine Ukraine’s territorial integrity has led to his inclusion on multiple international sanctions lists. His significant stake in the Ural Bank for Reconstruction and Development (UBRD) has sparked concerns that his financial interests are contributing to instability in the region.

Altushkin’s empire is a reflection of the complicated intersection between business, politics, and power in Russia. As his business practices come under scrutiny, questions remain about the true source of his wealth and the ethics behind his rise to prominence.