Andrey Kostin

Andrey Leonidovich Kostin (Russian: Андрей Леонидович Костин; born September 21, 1956) is a Russian banker, financier, public and political figure, candidate of economic sciences, president and chairman of the VTB Management board since June 10, 2002. [1][2]

Andrey Kostin
Born
Andrey L. Kostin

(1956-09-21) September 21, 1956
Moscow, Russia.
NationalityRussian
Alma materMoscow State University, Faculty of Economics
OccupationPresident and Chairman of VTB Bank
WebsiteVTB.com

Education and career

1973 — enters the Department of Economics of Foreign Countries, Faculty of Economics, Moscow State University.

1979 — graduates with honors from the Faculty of Economics of Moscow State University with a degree in political economy which qualified him as an economist and teacher of political economy. He was immediately assigned to work abroad at the USSR Ministry of Foreign Affairs.[3]

1979—1982 — employee of the USSR Consulate General in Sydney (Australia).

1982—1985 — Secretary of the European Department of the USSR Ministry of Foreign Affairs.[4]

1985—1990 — employee of the USSR Embassy in Great Britain (London).

1990—1992 — First Secretary, Advisor to the European Department of the USSR Ministry of Foreign Affairs

Kostin, Russian President Vladimir Putin and Prime Minister of Singapore Lee Hsien Loong at the APEC Australia 2007
Kostin and Russian President Dmitry Medvedev at an opening ceremony of the Russian Commercial Bank in Cyprus in 2010

He is one of the most active representatives of the Russian banking sector and is a frequent guest on CNBC,[5] Fox News,[6] CNN,[7] BBC and Bloomberg TV channel. He has three times participated in the Charlie Rose show on Bloomberg television,[8] as well as the Hard Talk programme on BBC.[9] He has been attending the World Economic Forum (Davos, Switzerland) since 1996.[10]

In May 2017, Kostin suggested the Washington elite was purposefully disrupting the presidency of Donald Trump by spreading false accusations about his ties to Russia.[11]

On January 22-4, 2018, during interviews at the World Economic Forum in Davos, Kostin again stated that additional sanctions against individuals or entities would be an "economic war".[12][13]

In April 2018, the United States imposed sanctions on him and 23 other Russian nationals.[14][15]

He is on the supervisory board of Post Bank.[16]

Corruption allegations

On April 4, 2019, the Vedomosti newspaper drew attention to the massive blocking of publications by Roskomnadzor on the Internet, most of which mentioned gifts from VTB bank president Andrei Kostin to Nailya Asker-zade. In the interests of VTB, and by a court decision, Roskomnadzor blocked about 1000 publications.[17]

On December 2, 2019, FBK’s Alexei Navalny released an investigation about Kostin's relationship with Naila Asker-zade on YouTube. In this video Alexei Navalny accused Kostin of making gifts to journalist Nailya Asker-zade[18] (use of a business jet, yacht, house in the cottage village, two apartments, one of them directly from VTB, second from Kirill Zimarin, the head of a subsidiary of VTB in Cyprus) with proof from her Instagram account. Kostin, according to Navalny in his video clip, uses money belonging to the bank, 60.9% of which is state-owned, to buy luxurious real estate for his beloved. According to The Bell said that there is a link between VTB and the business jet, but not with the yacht, and that it is impossible to draw a conclusion about the owners of the plane and yacht, as well as who paid for the journalist's travels. On December 25, 2019, Kostin said that he would think about what actions to take about the investigation, and refused to comment.[19][20]

Personal life

According to official data, Kostin is married, has children and a grandson.[21]

His eldest son Andrey (1978–2011), worked as Deputy Chairman of the Board of Deutsche Bank in Russia. He died on July 2, 2011 during a trip on an ATV while on vacation in the Yaroslavl Region.[22][23][24][25][26][27][28]

Awards

References

  1. Official bio
  2. "Andrey Kostin". www.vtb.com. Retrieved 2016-03-01.
  3. "Человек при деньгах". 1001.ru.
  4. "Глава ВТБ Андрей Костин — РБК: "К великой изоляции пришли все"". RBC.
  5. Russia Will Continue Bank Privatization: VTB's Kostin - CNBC
  6. Kostin: Russia Needs More Regulation - FOX News
  7. Russia's economic woes - CNN
  8. Charlie Rose show - Andrey Kostin Archived November 20, 2012, at the Wayback Machine
  9. BBC HARDtalk - Andrey Kostin on YouTube
  10. "Милости просим к нам в Баку". Швейцарские новости на русском языке. Retrieved 2016-03-02.
  11. Arnold, Martin; Buckley, Neil (30 May 2017). "Putin ally accuses US elite of 'paralysing' Trump". Financial Times. Retrieved 30 May 2017.
  12. Golubkova, Katya; Antonov, Dmitry (January 22, 2018). "Russia's VTB bank head Kostin shrugs off U.S. sanctions risk". Reuters. Retrieved May 18, 2018.
  13. Rudnitsky, Jake; Lacqua, Francine (January 24, 2018). "U.S. Sanctions Would Be 'Economic War' to Head of Russia's VTB". Bloomberg. Retrieved May 18, 2018.
  14. "Ukraine-/Russia-related Designations and Identification Update". United States Department of the Treasury. 2018-04-06. Retrieved 2018-04-06.
  15. "США ввели санкции против семи российских олигархов и 17 чиновников из "кремлевского списка"" [The US imposed sanctions against seven Russian oligarchs and 17 officials from the "Kremlin list"]. Meduza (in Russian). 2018-04-06. Retrieved 2018-04-06.
  16. "Избран новый состав наблюдательного совета "Почта Банка"" [The new composition of the Supervisory Board "Bank of the Post" was elected]. Post Bank (Russia) website (in Russian). December 27, 2017. Retrieved February 15, 2018.
  17. Ксения Болецкая, Екатерина Брызгалова (2019-04-04). "Роскомнадзор массово блокирует статьи о ВТБ и его президенте. Под запрет попало около 1000 публикаций, юристы называют это прецедентом". Ведомости.
  18. "Russian officials appropriating jets for family and lovers, says activist". the Guardian. 2019-12-04. Retrieved 2021-08-17.
  19. "ВТБ снял рекламу в "Ведомостях" после статьи о Костине. По данным "Коммерсанта", газета может быть продана". The Bell. 2019-04-09.
  20. Роскомнадзор массово блокирует статьи о ВТБ и его президенте // Версия, 6 июня 2019 года
  21. "Костин, Андрей - Биография". Лентапедия.
  22. Биография заместителя председателя правления Deutsche Bank Андрея Костина, Газета.ру, 04.07.2011
  23. "Костин Андрей Леонидович" [Kostin Andrey Leonidovich]. Lobbying.ru (in Russian). Retrieved October 17, 2018.
  24. "Костин Андрей" [Kostin Andrey]. Lenta.ru (in Russian). Retrieved October 17, 2018.
  25. Troianovski, Anton (2019-12-03). "From a Russian Banker, a $4 Million Mansion and a 200-Foot Yacht". The New York Times. ISSN 0362-4331. Retrieved 2020-08-23.
  26. "Сын главы ВТБ Андрей Костин разбился на квадроцикле: 32-летний банкир погиб на отдыхе в Ярославской области" [The son of the head of VTB Andrei Kostin crashed on a quad: 32-year-old banker died on holiday in the Yaroslavl region]. Izvestia (in Russian). July 2, 2011. Retrieved October 17, 2018.
  27. Шипилов, Евгений; Танас, Ольга (July 4, 2011). "Погиб на трезвую голову: В ДТП погиб сын президента ВТБ Андрей Костин" [Killed sober: The accident killed the son of the president of VTB Andrei Kostin]. Gazeta (in Russian). Retrieved October 17, 2018.
  28. Protess, Ben; Silver-Greenberg, Jessica; Drucker, Jesse (July 19, 2017). "Big German Bank, Key to Trump's Finances, Faces New Scrutiny". The New York Times. Retrieved December 17, 2018.
  29. "В праздник Собора новомучеников и исповедников Церкви Русской Святейший Патриарх Кирилл совершил Литургию в Успенском соборе Московского Кремля". Официальный сайт Московского Патриархата. 4 February 2018. Retrieved 2020-06-17.
  • www.vtb.com: CV
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