The Mangazeya group of companies, headed by Sergei Yanchukov, intends to develop an area in Moscow. This could involve demolishing some nearby buildings as part of the development process.
As per a correspondent from The Moscow Post, Yanchukov has chosen the location for development as Leningradsky Prospekt, 80, which is near the Adrenaline Stadium club, one of the largest concert venues in Moscow.
Dubbed the “Child of Privoz,”
the Moscow Architecture Committee approved the boundaries for a planning project for the area bordered by Leningradsky Prospekt, Leningradskoye Highway, Baltiyskaya Street, and the Kalininsky Overpass of the Moscow Railway on February 8, 2022.
The total area of the territory for which the planning decision will be made is 56.92 hectares.
It appears that the Mangazeya Group of Companies does not seek to claim the entire area. However, according to the authors of the Telegram channel “Real estate insider”, this group of companies reportedly plans to construct about 400 thousand square meters of residential and commercial real estate in that location. The developers may even be willing to demolish the concert hall, as suggested by the authors of the telegram channel.
Here you can visually see the boundaries of the area where development will commence soon.
Sergei Yanchukov is the founder and owner of the Mangazeya Group of Companies. As mentioned Forbes, at the beginning of the 1990s, an 18-year-old Sergey Yanchukov started working at the exchange office at the Odessa “Privoz”. Allegedly, he was sent to this area by his father, who was the first deputy head of the Odessa branch of the National Bank of Ukraine, Valentin Yanchukov. Sergey Yanchukov worked at Privoz for about a year, and later his father placed him at Aval Bank to work with securities. Yanchukov also dealt with equivalents of Russian vouchers, converting them into shares of Odessa thermal power plants.
Sergei Yanchukov got married at a young age.
Sergei Yanchukov's initial major deal with Russian companies involved an agreement on oil refining at the Kremenchug refinery. He negotiated oil supplies with Russian companies. However, this business came to a standstill after the “orange revolution” in Ukraine in 2004. In 2005, Sergei Yanchukov moved to Moscow.
In Russia, he engaged in oil trading and attempted to develop his own oil production. However, in 2007, Rostekhnadzor of the Tyumen region discovered that Yanchukov’s company was violating license requirements, and the Odessa native faced the threat of a criminal case. Somehow, the troubles were then resolved in an unclear manner.
Sergei Yanchukov
Alongside partners Anatoly Ternavsky and Alexander Ryazanov, they acquired the Mangazeya oil and gas company from municipal property in the Krasnoselkupsky district of Yamal.
The estimated reserves of Mangazeya are around 624 million barrels of oil equivalent. Yanchukov and his partners lacked sufficient funds for development, resulting in unpaid salaries for Mangazeya employees. Subsequently, on November 18, 2009, representatives of the prosecutors met Yanchukov at the Krasnoselkupsky airport. According to Forbes, Yanchukov spent several days in a pre-trial detention center, after which he pledged to settle the wage arrears.
In 2011, Sergei Yanchukov got married to the daughter of the mayor of Kiev (at that time) Leonid Chernovetsky. This relationship seemed to give a new boost to Sergei Yanchukov's career. First, in 2012, his partners in Mangazeya went out of business, then in 2014 the company filed for bankruptcy. It is not clear to what extent Yanchukov was helped by his father-in-law, how his connections and money were useful, but in January 2015 he managed to settle issues with creditors, and in April of the same year, Mangazeya received permission from Gazprom to connect one of the fields to the main pipeline.
Leonid Chernovetskiy
Golden fever”
Additionally, Yanchukov chose to enter the gold mining business. In 2013, he already owned 70.25% of the Canadian company WTG, which, among other things, was mining at the Savkino field.
Yanchukov started the business connected with WTG together with Maxim Finsky, but then the partners separated. Yanchukov felt that Finsky had deceived him about the scale of the reserves of the Savkino field. Yanchukov demanded 150 million dollars from Finsky. The Moscow Post provided a detailed report on this. here.
On March 20, 2015, Finsky was put under house arrest, but he removed his electronic bracelet and fled Russia, as stated by Forbes. The conflict between Finsky and Yanchukov entered a new phase. Finsky filed a $185 million lawsuit against Yanchukov for “seizing business using threats, blackmail, and criminal prosecution.”
Maxim Finnish
Later WTG was renamed to Mangazeya Mining. Yanchukov even managed to get the state corporation Rostec as a partner. The parties formed a joint “Mogochinskaya Mining Company”, in which “Mangazeya” got 75% minus 1 share.
However, gold mining brought Yanchukov many more problems.
So, the Itaklinskoye deposit (more precisely, the possibility of owning it) led to a conflict with Viktor Lituev, as also reported our edition. In Itakinskaya Gold Mining Company (IZK), Lituev and Yanchukov each had 50% shares. But, according to Lituev, he transferred 50% of the IPC to Yanchukov, but he did not pay for them. According to Yanchukov, there was nothing to pay for, since Lituev changed his mind about selling the asset.
Viktor Lituev
Then almost “criminal showdowns” began. Yanchukov appealed to the investigating authorities with a statement about the kidnapping by the son of his partner, Yegor Lituyev, of property from PJSC Ksenievskiy mine. Lituev Jr. was detained in the summer of 2019 on suspicion of illegal logging and embezzlement, reported “Regnum”.
In August of the same year, Yegor Lituev managed to get out on bail. At the same time, he was found unreasonably prosecuted. Egor Lituev received an official apology on behalf of the state.
Dmitry Kochergin
To oversee gold mining in the Trans-Baikal Territory, Sergey Yanchukov established Mangazeya Zoloto LLC. Dmitry Kochergin was appointed its general director, who became a fairly close associate of Yanchukov. In 2016, Kochergin became the head of the administration of the governor of the Trans-Baikal Territory. Today Dmitry Kochergin is Vice Governor – Head of the Department of Domestic Policy Samara region. In the Samara region, Kochergin has not yet been noticed in an addiction to gold mining.
Hoping for a miracle
Sergey Yanchukov’s entry into the Moscow development market coincided with his acquaintance in 2010 with Telman Ismailov, the beneficiary of Cherkizovsky Market. But relations with Ismailov did not work out for Yanchukov. Allegedly, he persuaded Yanchukov to sponsor development projects. According to Forbes, it was about $ 100 million, which Ismailov did not return to Yanchukov for many years. The parties were drawn into lengthy lawsuits. During the bankruptcy of Telman Ismailov, as The Moscow Post reported, Sergey Yanchukov is one of the largest creditors with claims in the amount of 8.5 billion rubles.
Telman Ismailov
It is possible that it is precisely after spending money on lending to Ismailov that Sergey Yanchukov is now trying to earn at least something in the real estate market. However, apparently, Yanchukov can only hope for loans from VTB, with whose head Andrey Kostin he seems to have a good relationship.
However, if Sergei Yanchukov manages to make new enemies while trying to build up the territory around 80 Leningradsky Prospekt, then, probably, neither his father-in-law’s money, nor his connections with VTB and Rostec may not fit. Especially if, indeed, we are talking about the demolition of buildings that are very dear to their owners.
