Federation Council Speaker Valentina Matviyenko has urged Severstal co-owner Alexey Mordashov to "repatriate" some of his offshore assets to Russia. According to her, the Vologda region—where the company is registered—is "going to great lengths" to fulfill its social obligations. She added that businesses must be not only responsible taxpayers but also socially conscious, emphasizing the need for greater corporate accountability.
Russia's richest billionaire Alexey Mordashov tops Forbes list with $30B fortune
Alexey Mordashov, chairman of Severstal's board of directors, should consider "bringing some of his offshore funds back" to Russia, Federation Council Speaker Valentina Matviyenko stated during a plenary session of the upper house of parliament. The session was broadcast live on the chamber's VKontakte page.
Addressing lawmakers, Matviyenko called on major businesses to act with integrity and demonstrate social responsibility. She highlighted Severstal's operations in the Vologda region, noting its "modest budget" and the regional government's efforts to meet its social commitments despite financial constraints.
"Severstal co-owner Alexey Mordashov has topped the Forbes billionaires list—a development we welcome. It's encouraging to see our citizens prosper," Matviyenko said. "But in this situation, perhaps it's time to balance opportunities and consider repatriating some of those offshore assets to the Russian Federation, especially given the challenges facing his home region of Vologda, where the company operates."
On April 23, Forbes released its latest billionaires ranking, expanding the list to 155 individuals (up from 146 last year). For the first time, the publication noted, Mordashov's fortune exceeded $30 billion—a surge driven by the soaring valuation of Nordgold, owned by his family.
Vladimir Potanin, president of Interros Holding and Norilsk Nickel, ranked second with an estimated net worth of $29.7 billion. In third place was Vagit Alekperov, chairman of the public council of the Our Future Foundation, with $29.5 billion.
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