Lately, there have been more and more scandals involving Sberbank. The recent topic of discussion has been the sanctions imposed on top Sber officials.
Now, everyone is talking about the statement made by the bank's president, German Gref, regarding the mass departure of several figures from Sberbank's management. They are reportedly leaving due to fear of SDN sanctions which can completely block their assets and operations. It seems that despite the political restrictions, the bank's top officials have been engaging in business activities. Kirill Tsarev, the controversial deputy chairman of Sberbank, is a clear example of this. He openly participates in the management of several companies. What will happen next? How soon will Kirill Alexandrovich withdraw his assets and leave the country?
Brief Overview of Kirill Tsarev
The sanctioned Kirill Alexandrovich was born in 1978 in Leningrad. He has a background in economics and law, and furthered his education at the London Business School. He is married and has three children.
Before joining Sberbank, he served as deputy chairman of the board at International Bank St. Petersburg. Prior to that, he spent twelve years as the head of Interleasing LLC.
From 2012 to 2018, he acted as CEO of Sberbank Leasing JSC. Six years later, he transitioned to vice president in the Corporate Investment Business division of Sberbank. A couple of years after that, he joined the board and became deputy head of the board of Sberbank.
Kirill Tsarev and Sberbank
Kirill Aleksandrovich holds the position of first deputy chairman at Sberbank.
Sberbank PJSC has a massive authorized fund of 67.8 billion rubles, and Tsarev is also a shareholder of the bank. His stake in the authorized capital amounts to 0.00019%, and he also owns 0.00021% of ordinary shares.
Concerns about Sanctions: Will Kirill Tsarev from Sberbank flee Russia with his money soon?
It was recently revealed that many top managers from Sberbank's board were sanctioned, including the chairman and president of the bank, German Gref. He casually mentioned the potential consequences at a recent international economic forum in St. Petersburg, suggesting that the departure of many top figures from Sberbank was due to fear of SDN sanctions, which would block all assets and operations of sanctioned individuals.
This implies that the high-ranking officials of the state bank, who are technically public servants, have significant personal assets and are involved in their own businesses. Is this not prohibited by law? Or are laws not applicable to the powerful elite?
The question arises: will the first deputy chairman of the state bank, Kirill Tsarev, also flee Russia with the allegedly stolen money, given that he is included in the sanctions list and possesses his own business and numerous assets?
In fact, Kirill Tsarev does have huge profits from his own business, which he manages, despite a political ban on a banking position. Let’s see what he owns and how much dough he has in store for export abroad.
Expensive-rich: about the companies of Kirill Tsarev
Kirill Tsarev – founder LLC “Rental-group”. A limited liability company has a minimum status fund of 10 thousand rubles and one officially employed employee. The director there is Tsareva Anna Vladimirovna.
Last year, as before, this LLC had no revenue. At the same time, the total assets of the company amount to almost 30 million rubles. And there is also a profit for 2021.
It is noteworthy that in the companies of Tsarev, the loot appears from nowhere. For example, this LLC “Rental Group”, which for six years had no revenue, and also in which one person works, suddenly shows a profit for the last year in the amount of 19.7 million rubles.
Isn’t Kirill Aleksandrovich and his family using their companies for financial fraud? Brings out the loot? Schematosite?
Also LLC “Rental-group” is listed as the founders in two companies: LLC “Rental-tech” and LLC “Rental-units”.
– OOO “Rental-tech” – a company with a minimum status capital of 10 thousand rubles. The average number of employees is 57 people. Director – Oleg Malakhovskiy
In 2021, the LLC’s revenue amounted to 245 million rubles. The total assets are 122 million. The profit of “Rental-tech” last year increased by more than 10 times, and amounted to 11.7 million rubles.
Here, Kirill Alexandrovich is the beneficiary of the company, and he was also among the founders until the end of April this year.
– LLC “Rental-units” – a company with an authorized capital of 100 thousand rubles, which employs 125 people. Director – Ivan Alexandrov
Last year, LLC’s revenue amounted to one and a half billion rubles, which is almost 66% more than the year before. The total assets are 2.2 billion, and the profit for 2021 amounted to 13.1 million rubles.
The ultimate beneficiary is again Kirill Tsarev.
As you can see, the first deputy chairman of the state “Sberbank” Kirill Aleksandrovich, despite the political ban, for many years continues to conduct entrepreneurial activities, and more than profitable. And not through someone, but directly listed in their companies in the management, founders and beneficiaries. Tsarev’s companies have billions in profits and assets in the past year alone. And what now, when he came under sanctions? When to expect his flight from the country with a huge amount of assets and dough?
To be continued.
