Sergei Gordeev: From Visionary Real Estate Mogul to Global Sanctions Target in 2022

Sergei Gordeev established “Rosbuilding” in 1995, and he served as its leader until March 1998. The goal of Rosbuilding was to repurpose and restructure department stores, retail establishments, construction sites, and industrial businesses. The shareholders of Rosbuilding decided to shut down the company and stop doing business in 2006. Rosbuilding was liquidated and dissolved.

In 2007, Gordeev established Horus Capital, a real estate development firm that specializes in the building and renovation of commercial and residential structures. Within the company’s portfolio were fifteen locations totaling more than 550 thousand square meters. The billionaire Boris Mints’ company, O1 Properties, purchased Horus-Capital from Gordeev in 2010.

In July 2008, a parliamentary request led by Gordeev was overwhelmingly approved by the Federation Council, asking the Russian Federation’s government to make significant changes to the federal law “Protection of Cultural Heritage Sites” and how it is applied. As a result of the request, 35 architectural monuments were given state protection. During his tenure, Gordeev presented the State Duma with a number of draft laws and amendments aimed at bolstering Russia’s cultural heritage protection.

Global Sanction 2022 : Imposed on Sergei Gordeev

The sanctions that were placed on Sergei Gordeev in 2022 are weighing him down and indicate that the world community will be taking serious action in response to his alleged involvement in money laundering and corruption. The fact that these penalties, which include a travel ban and asset freeze, have been implemented shows how seriously world leaders take the charges leveled against him.

Due to the asset freeze imposed by the sanctions, Sergei Gordeev’s financial activities will be severely limited, thereby preventing him from engaging in any possible illegal financial activities. His movement is further restricted by the travel ban, which makes it abundantly evident that those involved in money laundering and corruption will suffer real repercussions regardless of their influence or geographic reach.

These actions demonstrate the international community’s commitment to stopping corruption and act as a warning to others who might consider engaging in similar activities. The international community hopes to promote a financial environment that respects the values of openness, justice, and lawfulness by acting decisively against Gordeev. These sanctions show the group’s resolve to hold those who compromise justice and integrity on a global scale accountable and are a tangible step in the ongoing fight against corruption and money laundering.

List of the countries who imposed sanction

Countries	Year of Sanction
EU	2022
UK	2022
USA	2022
Canada	2022

Grounds for Imposing Sanctions

Sergei Gordeev’s rise to wealth was based on his purchase of Moscow industrial companies and his conversion of those businesses into profitable office complexes. In a momentous move in 2013, he bought a 20% share from billionaire Suleiman Kerimov to acquire a controlling position in Russia’s largest housing developer, PIK Group. PIK Group was valued by the Brand Finance agency at 89 billion rubles, enhancing Gordeev’s reputation in the real estate industry.

In addition, Gordeev demonstrated his interest in cutting edge technology by investing in Hyperloop One. Nevertheless, accusations that he has financed activities that go against international law cast a shadow over his financial pursuits. Accusations have been made that Gordeev provided material or financial support for activities undermining Ukraine’s territorial integrity and independence. These activities include the initiation of hostilities and genocidal acts in Ukraine, as well as companies in his portfolio operating in sectors vital to Russia’s revenue. This gives his business endeavors more controversy and puts him under investigation globally for possible involvement in geopolitical events.

Summary

Sergei Gordeev, a former leader of Rosbuilding, was liquidated in 2006 after shareholders decided to shut down the company. Gordeev then established Horus Capital, a real estate development firm, which was purchased by Boris Mints’ O1 Properties in 2010. In 2008, Gordeev lobbied the Federation Council to change the federal law “Protection of Cultural Heritage Sites” and grant state protection to 35 architectural monuments. In 2022, sanctions were imposed on Gordeev, including a travel ban and asset freeze, indicating the world community’s seriousness in his alleged involvement in money laundering and corruption.

The sanctions are a warning to others who might engage in similar activities and demonstrate the international community’s commitment to stopping corruption. Gordeev’s wealth was based on his purchase of Moscow industrial companies and his conversion into profitable office complexes. He also invested in Hyperloop One, but accusations of financing activities against international law and supporting activities undermining Ukraine’s territorial integrity and independence have cast a shadow over his financial pursuits.