Investing in Long-Term Growth
  • 16, December 2014
    Launch of second stage of Urengoyskoe field read more
  • 11, December 2014
    First stage of Urengoyskoe field ramped up to full capacity read more
  • 26, November 2014
    Yenisey Power Substation built by Stroytransgaz PJSC put in operation in Krasnoyarsk read more

Volga Group is a privately-held investment group that directly or indirectly holds interests in a variety of assets on behalf of Gennady Timchenko.

Gennady Timchenko

Gennady Timchenko is the sole shareholder of Volga Group. He is also a member of the boards of directors of Sibur Holding and Novatek. Mr Timchenko has more than 30 years of experience in the Russian and global energy sector, and is an active philanthropist and sportsman.

Born in Armenia in 1952, Mr. Timchenko earned a Master of Electromechanical Engineering degree from the Leningrad Mechanical Institute in 1976. Mr. Timchenko began his career as an engineer, and subsequently worked in the petrochemicals and oil and gas industries. During the 1980s he served in the state sector, including as a senior engineer at the Leningrad Department of the Ministry of Foreign Trade and later as deputy CEO of state-owned Kirishineftehimexport. In 1991 Mr. Timchenko relocated to Finland and held chief executive positions in trading company Urals Finland Oy (later IPP Oy) from 1991 till 1997. During this period, Mr Timchenko worked to structure numerous international trade deals with multinational corporations and banking institutions.

Following two decades of successful executive leadership, Mr. Timchenko sought to capitalise on his experience and know-how by pursuing entrepreneurial endeavours. In 1997, he started the energy trading company Gunvor, now one of the world’s largest integrated commodity trading houses; and in 2003, Mr. Timchenko founded Transoil LLC, now the leading private rail freight operator specialising in oil and products transportation in Russia.

During the last 10 years, Mr. Timchenko made a number of strategic investments to complement his industrial portfolio, including significant stakes in NOVATEK, SIBUR and Stroytransgaz. These and some other investments became the core of Volga Group, which was established in 2007 to manage his holdings. Nowadays, Volga Group is one of the largest investments groups in Russia, having investments in 10 companies mainly in Russia.

In addition to business, Mr. Timchenko has a strong interest in philanthropy. The Timchenko Foundation’s work is directed towards solving Russia’s social problems systemically ( Some of its key focus areas include: providing support to the older generation; developing sport and culture; and helping families and children. By establishing long-term partnerships with non-governmental organisations, government agencies and local authorities, the Timchenko Foundation is addressing social issues and aiding the development of local charities.

Mr Timchenko serves as President of SKA Hockey Club (St Petersburg), Chairman of the Board of the Continental Hockey League (KHL), Vice-President of the Russian Olympic Committee (ROC). He is Member of the Council of the Russian Ice Hockey Federation (RIHF), Member of the Council of the Russian Chess Federation. He is Chairman of the Economic Council of La Chambre de commerce et d’industrie Franco-Russe (CCIFR) and co-chairman of the Russian-Chinese Business Council. Mr Timchenko is Member of the Board of Trustees of the Russian Geographical Society.