Makhmudov Iskandar Kakhramonovich

ACF remarks: Billionaire oligarch, founder and President of JSC Ural Mining and Metallurgical Company. Placed 19th in the 2021 Forbes ranking of the richest businessmen in Russia with a fortune of $ 9.7 billion. Closely linked to Russian organized crime, including close connections with the leader of the Tambov organized crime group Gennadiy Petrov and the Izmailovo organized crime group that controlled the coal and aluminum enterprises. Was involved in and financially benefitted from corruption schemes and money laundering operations designed to provide corrupt sources of income to oligarchs, politicians and government officials and their families. Companies whose main shareholders are Iskander Makhmudov and Andrey Bokarev - Transmashholding, Metrowagonmash, Oktyabrsky Electric Railway Car Repair Plant, Roslokomotiv - received government contracts wirth a total of 130.7 billion rubles from Russian Railways and the Moscow Metro awarded to them in violation of anti-corruption regulations. Russian oligarch. Amid the war, he remains involved in the system of Russian political corruption, in which capital is an instrument for acquiring political influence, and political influence is a condition for preserving capital, at the highest level. Financed Russia's aggressive war against Ukraine or managed finances in the interests of the Putin's regime or in order to maintain its stability by virtue of their position.