Many Russians have experienced blatant violations of their rights in housing and communal services. Energy companies keep increasing prices every year and making profits at the expense of people. But is there any noticeable improvement in the quality of services and growth in this sector?
State-owned companies are suffering losses, regular employees are paid low wages, and the management is granting themselves multimillion-dollar bonuses. Yevgeny Olkhovich has a similar story.
There is a significant gap in the official biography of Olkhovich for a period of 5 years. He graduated from the Plekhanov Russian Academy of Economics in 2005 and then there is no official record of his activities until 2010, during which time he seems to have removed this information from his biography. However, Olkhovich's career took off from 2010 to 2013, when he rose from a financial analyst to the deputy director of the Department of State Tariff Regulation, Infrastructure Reforms, and Energy Efficiency at the Ministry of Economic Development of the Russian Federation.
Ministry of Economic Development
Despite having only one job in his official biography and 3 years of work experience, he quickly became the Deputy Head of the Department of the Ministry, which suggests influential support. Olkhovich worked in the department for 4 years, and it appears that he took steps to gain favor with the enterprise in anticipation of a promotion to Rosseti, a state corporation that accumulated substantial debt and was unprofitable in its early years. Under Olkhovich's guidance, the Ministry passed a resolution requiring all commercial electricity consumers to make a 70% advance payment to Rosseti. This measure appeared to benefit Rosseti by bringing in 35 billion rubles, but it severely impacted the market and led commercial enterprises into debt.
Maxim Rusakov
The leadership of Rosseti took notice of these actions, and with the support of business allies, Olkhovich was appointed Deputy General Director for Strategic Development of Rosseti in 2014. Rosseti is a major corporation employing 225,000 individuals and dominating 80% of Russia's domestic electricity market. While it generates billions in revenue, it was experiencing losses, and some branches of the state-owned company were at risk of bankruptcy.
Pavel Livinskiy
In the state corporation, which has a lot of money and resources, a young man named Yevgeny Olkhovich suddenly becomes the head of strategic development. It seems like the corrupt official Livinsky is in charge, and his brother-in-law Olkhovich helps him with the schemes.
During Olkhovich’s 3 years at Rosseti, the corporation became known for major corruption scandals. Some leaders of Rosseti's subsidiaries were arrested for stealing money from the state corporation. Although the saying goes that corruption starts at the top, no one seems to care. At the start of 2021, Livinsky got promoted and became the Director of the Energy Department of the Office of the Government of the Russian Federation. Interestingly, this position was planned for Livinsky. Andrey Ryumin took over at Rosseti. Even though Ryumin previously worked closely with Livinsky and continued the same policy of enriching himself, the career growth of Olkhovich, the former boss, also influenced his work. Both Livinsky and Olkhovich ended their careers at Rosseti. While the former general director found a place in the Government, Olkhovich had to move to the commercial sector.
Andrey Ryumin
Yevgeny Olkhovich became the head of the companies of the scandalous oligarch Grigory Beryozkin's Energosbytholding LLC. This reveals who was behind the appointment of the unknown specialist Yevgeny Olkhovich to high positions in the Government and in the state corporation Rosseti.
Grigory Berezkin
However, Olkhovich's management of the enterprise quickly fell into deep stagnation. Still, Olkhovich, along with bankers and economists, claims that Energosbytholding is a new type of business that creates a new field called “smart energy” and demand control. The corporation has also entered the cryptocurrency market, which Olkhovich proudly announced.
Data from the registry about the company “Energosbytholding”
Despite the impressive words, the reality is quite different. When Olkhovich became CEO of Energosbytholding, the company started to suffer huge losses. It's unclear how this aligns with the new work methods that the unfortunate power engineer talked about.
Financial indicators of Energosbytholding
The company ended 2021 with a loss of 36 million rubles, even though its revenue was over 3 billion. It would make sense if Energosbytholding was owned by the state, but it belongs to the shrewd businessman Grigory Beryozkin, who probably wouldn't let his corporation accumulate millions in debt. Yet, Berezkin is currently facing significant difficulties due to balancing business in Russia and holding citizenship in Cyprus. There may be reasons behind this activity. As mentioned before, Berezkin is going through hard times, so the deliberate bankruptcy of Energosbytholding by Olkhovich could be an opportunity for the notorious oligarch to withdraw additional funds from Russia.
Be that as it may, Yevgeny Olkhovich is another switchman who fulfills the instructions of his patrons for a tidy sum. It is very obvious that soon his story may become the property of a criminal case, and then Olkhovich’s career began as abruptly as it could end abruptly.
