Rustem Nurgasimovich Sulteev of TAIF Safely Sanctioned by Ukraine 2022

Rustem Nurgasimovich Sulteev [ Rustem Sulteev ] is a prominent Russian businessman who co-owns TAIF Group, a large regional holding company with diverse assets in the Republic of Tatarstan. TAIF acquired a significant stake in many of its subsidiaries during Russia’s privatization process in the mid-1990s.

In 2021, Sulteev and his co-owner, Albert Shigaboutdinov, merged TAIF with Sibur, a major petrochemical company. In exchange for their TAIF shares, Sulteev and the other TAIF shareholders received shares in Sibur, which is controlled by billionaires Leonid Mikhelson and Gennady Timchenko. Despite this merger, Sulteev retains ownership of an oil refinery, a chain of gas stations, and a construction company.

Biography Of Rustem Nurgasimovich Sulteev [ Rustem Sulteev ]

Rustem Sulteev was born on January 4, 1954. In 1976 he graduated from the Kazan Civil Engineering Institute.

Career TimeLine Of Rustem Nurgasimovich Sulteev

• 1976-1983: Master builder of SMU-4 of the Kazankhimstroy trust.
• 1983-1984: Design engineer of the repair and installation plant of the bakery industry management.
• 1984-1985: Deputy Director for Construction of Kazan Bakery No. 2.
• 1985-1992: Deputy Head of the Centrogaz Department.
• 1992-1995: Deputy General Director of the foreign trade research and production association “Kazan”.
• Since 1995: First Deputy General Director, Chairman of the Board of Directors of TAIF PSC.
• 2005-2013: Member of the Board of Directors of OJSC Kazanorgsintez.
• 2006-2013: Member of the Board of Directors of OAO Nizhnekamskneftekhim.
• Since December 2021: First Deputy General Director of the TAIF Management Company for production and commercial activities.
• Since 2023: First Deputy Chairman of the Board of TAIF JSC for production and commercial activities.

Awards and Titles of Rustem Sulteev

• 2015: Honored Economist of the Russian Federation
• 2002: Honored Builder of the Republic of Tatarstan
• 2005: Medal “In Commemoration of the 1000th Anniversary of Kazan”
• 2006: Medal “For Valiant Labor”
• 2014: Order “For Merit to the Republic of Tatarstan”
• 2017: Order “For Merit to the Republic of Tatarstan”
• 2015: Medal of the Order “For Merit Fatherland” II degree

Russian Diamonds Ban

The European Union, in conjunction with Canada, Japan, the UK, and the US, is proposing a ban on Russian diamonds. This ban will encompass “unsorted diamonds,” most “non-industrial” diamonds, and “synthetic” diamonds. The ban also extends to diamond-encrusted jewelry, cultured pearls, and goldsmith or silversmith wares. Even wristwatches, pocket watches, and other timepieces containing diamonds are included in the ban.The draft list included Rustem Sulteev, and his wife Lidia.

Rustem Nurgasimovich Sulteev Sanctioned By Ukraine

Rustem Nurgasimovich Sulteev was sanctioned by Ukraine’s National Agency on Corruption Prevention on 2022-10-19. The reasons stated for the same was.:

Rustem Sulteev is a Russian businessman and billionaire. He is the co-owner of the TAIF Group, a Russian holding group with a focus in oil, gas and petrochemicals. TAIF Group, with an annual revenue of 292 billion rubles, ranks second in the ranking of the largest non-public companies in Russia according to Forbes.

The group is one of the pillars of the economy of Tatarstan. It includes two giant chemical plants, the only oil refinery in the republic, a network of gas stations, commercial real estate in Kazan, and several TV channels. According to Forbes, Sulteev’s net worth is estimated at $1.08 billion. This shows that he is one of the leading business persons involved in the economic sector, which provides a substantial source of revenue to the Government of the Russian Federation, which is responsible for the war in Ukraine.

FAQs on Rustem Sulteev

Who is Rustem Sulteev?

Rustem is a Russian businessman and billionaire. He is the co-owner and Chairman of the Board of Directors of TAIF Group, a large regional holding company with assets in the Republic of Tatarstan, Russia. TAIF has interests in oil, gas, petrochemicals, and other industries. Sulteev is also a member of the Board of Directors of several other companies, including Kazanorgsintez, OAO Nizhnekamskneftekhim, and Avers Bank.

What is Rustem Sulteev’s net worth?

According to Forbes, Sulteev’s net worth is estimated to be $1.08 billion. He is currently ranked as the 95th richest businessman in Russia.

What is TAIF Group?

TAIF Group is a large regional holding company with assets in the Republic of Tatarstan, Russia. The company has interests in oil, gas, petrochemicals, and other industries. TAIF is one of the largest employers in Tatarstan and is a major player in the Russian economy.

What are Rustem Sulteev’s other business interests?

In addition to his role as co-owner and Chairman of the Board of Directors of TAIF Group, Rustem Sulteev is also a member of the Board of Directors of several other companies, including Kazanorgsintez, OAO Nizhnekamskneftekhim, and Avers Bank.

What are Rustem Sulteev’s philanthropic interests?

Rustem Sulteev is a supporter of a number of charitable organizations, including the Rustem Sulteev Foundation, which provides scholarships to students from Tatarstan. He is also a member of the Board of Trustees of the Kazan State Medical University.

What are some of Rustem Sulteev’s awards and honors?

Rustem Sulteev has received a number of awards and honors for his business and philanthropic achievements, including the Honored Economist of the Russian Federation (2015), the Honored Builder of the Republic of Tatarstan (2002), and the Order of Merit to the Republic of Tatarstan (2014, 2017).