Putin’s Son-in-Law Bought Shares Worth $380m for Just $100

THE HUSBAND of Vladimir Putin’s daughter was able to purchase $380m of shares for just $100, according to a recent report into Russian corruption.

The report is based on leaked emails seen by iStories Russia and the Organised Crime and Corruption Reporting Project (OCCRP).

It alleges that Kiril Shamalov, the son of one of Putin’s close friends, was able to spend just 100 dollars on shares in the petrochemical company Sibur worth over $380m using offshore accounts just weeks after he married Katerina Tikhovnova.

After their marriage in 2013, they reportedly bought lavish homes in Russia and the south of France alongside expensive goods such as a 50,000 euro carpet and 5700 euro worth of Japanese books. Commenting on its findings, poisoned opposition leader Alexei Navalny said that ‘it’s simple, Putin’s daughter gets married and the newlyweds receive a present of $380 million’.

Russia’s longtime President is famously secretive about his personal affairs, though reports suggest that Putin has made enormous personal profits for himself and his family during his two decades in the Kremlin. The report also highlighted the rise of a new generation of powerful players in Russian business and politics, mainly the children and grandchildren of Putin and his associates.

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Oisin Sweeney

Oisin is an Irish writer based in Seville, the sunny capital of Andalucia. After starting his working life as a bookseller, he moved into journalism and cut his teeth as a reporter at one of Ireland's biggest news websites. Since joining Euro Weekly News in November, he has enjoyed covering the latest stories from Seville, Spain and further afield - with special interests in crime, cybersecurity, and European politics. Anyone who can pronounce his name first try gets a free cerveza...