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| Company type | Limited liability company |
|---|---|
| Industry | Investments Conglomerate |
| Founded | 1990; 36 years ago (1990) |
| Founder | Viktor Vekselberg |
| Headquarters | , |
Key people | Viktor Vekselberg (Chairman) |
Number of employees | 134,000  |
Renova Group is a Russianconglomerate with interests inaluminium, oil, energy,telecoms and a variety of other sectors. The main owner and president isViktor Vekselberg who founded the company in 1990.[1]
The Renova Group is primarily active in Russia, theC.I.S. states, Switzerland, South Africa and the United States. Its major assets include participation in the oil companyTNK-BP and in aluminum producerRUSAL.
Renova maintains very close ties to bothSaudi Arabia and theArab world as a member of the Russian-Saudi Economic Council and the Russian-Saudi and Russian-Arab Business Councils which are part of theChamber of Commerce and Industry (CCI).Vladimir Yevtushenkov, who founded and controlsSistema, is the chairman of both the Russian-Saudi and Russian-Arab Business Councils since 2002.[2][3]
In 2010 Renova Group entered into an agreement to provide funding forFort Ross. It is parent company ofprivate equity firmColumbus Nova.
In April 2018, the United States Treasury announced that it would imposesanctions on several Russian oligarchs, includingViktor Vekselberg and Renova Group. The sanctions were due to alleged tampering in the2016 United States presidential election by Russian entities (including Vekselberg), and other unspecified activities.[4][5]
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