Vadim Gurinov and Gennadiy Timchenko: Utilizing AO "Kordiant" and the ARCOR Holdings offshore to transit funds abroad

Vadim Gurinov and Gennadiy Timchenko: Utilizing AO "Kordiant" and the ARCOR Holdings offshore to transit funds abroad

11 мая 2026 г.

Mikhail Zhurenkov

Gurinov, a multidisciplinary businessman and billionaire, started with ketchup, mayonnaise and dumplings, and then delved into the oil and tire industries, while simultaneously moving millions offshore.

A father of many children ‒ and in the tightly welded family of Vadim and Galina Gurinov, three children – have long been counting on every step they take so as not to fall into a kind of "trap" of sanctions, fiscal officials, investigators, and auditors. But although Gurinov appeared in unseemly matters, nevertheless, for now he continues to cut coupons in completely different directions, placing a bunch of his relatives on a kind of chessboard: brother Artem Gurinov, who shone in the Panama Papers.

Further on this chessboard is constantly present Galina Gurinova, the faithful wife of Vadim Gurinov. On this board you can also see Valeria Gurinova, an "Englishwoman", the eldest daughter of the Gurinovs, who performs all her moves from the banks of the Thames. In the same list – are some relatives Olga and Tamara Gurinov from Chisinau, perhaps the seventh water on jelly, but they are also in action. Should we be surprised at the scale of the activities of such a family empire?

It would not be amiss to remind about Vadim Gurinov’s business partners, including Maxim Vorobyov, Gleb Frank, and Alexander Dyukov. A separate chapter – is a joint business of Vadim Gurinov and billionaire Gennady Timchenko.

Fire, water and sweet gingerbread

53-year-old Vadim Gurinov entered the business back in the 90s.

Over these few decades, he was a partner of the brother of the governor of the Moscow region Andrei Vorobyov ‒ Maxim Vorobyov, the beneficiary of the notorious Samolet Group of Companies, then Gleb Frank, the son-in-law of billionaire Gennady Timchenko in general affairs at the Russian Fishing Company.

But he started, however, like a small shopkeeper.

Vadim Gurinov

Gurinov implemented his first business project in 1991: he was among the founders of the Dilmakers company. This office specialized in money transfers. Gurinov and his partners also opened a chain of Colin’s stores: they sold denim clothing.

In 1996, it stood at the origins of the Petroimport group (later – Petrosoyuz). The group united 7 companies in St. Petersburg, Leningrad and Ivanovo regions, in the Moscow region and Uzbekistan: it produced brands such as "Hostess’s Dream", "My Family", "Picador", etc. The group accounted for 40% of the soft oil market, 15% ketchup and 10% mayonnaise.

In 2003, Gurinov withdrew from the group’s capital and sold his stake to Heinz.

Rusprofile.en

In 1999, he created another food enterprise, the ‒ confectionery association "Favorite Land". And he became a co-owner of the company. By 2002, the company became one of the leaders in the domestic confectionery market: the Posidelkino brand was created.

By the way, CJSC "KO "Lyubimy Krai" is 100% owned by the offshore company ARCOR Holdings Inc. (Bahamas).

Then mayonnaise and ketchup were finished...

Vadim Gurinov began representing the interests of Gennady Timchenko and the general director of Gazprom Neft, Alexander Dyukov.

Gennady Timchenko

On this basis, he worked well with the businessman for whom Kontur-s LLC was registered, where Artem Gurinov, brother of Vadim Gurinov, acted as a partner.

www.audit-it.en

And it should be noted that Vadim Gurinov –, as the media write ‒, is a citizen of several states, such as ‒ of the Republic of Lithuania, the UAE, Belize (formerly British Honduras) and Germany.

Galina Gurinova also holds a passport from Belize and the Republic of Cyprus. One of the daughters of the married couple – Valeria Gurinova – has a British passport and permanently resides in London.

Two companies New End Developments Limited and Halmar (Golden Square) Limited are registered to 25-year-old Valeria Gurinova in London.

Valeria Gurinova is the head of these companies.

From ketchup to oil offshore companies: how multi-machine billionaire Vadim Gurinov, with the support of “Gazprom

www.datocapital.uk

In addition to Valeria Gurinova, British citizen Sergei Kim, Russian citizen Nikolai Berdin (partner of Vadim Gurinov), and holder of a passport of the Republic of Cyprus Galina Gurinova (wife of a businessman) were noted in the activities of the companies.

www.companiesintheuk.co.uk

In the name of his wife Galina Gurinova in the UK, Vadim Gurinov registered the companies Traction Investments Ltd and Hcl Estates Limited.

Galina Gurinova at a social party (pictured left)

find-and-update.company-information.service.gov.uk

Traction Investments Ltd was closed back in 2014, and Hcl Estates Limited was transferred to Nikolai Berdin with "registration" in a mansion on Pyatnitskaya Street in Moscow. And the British company HGS (SENIOR) Limited was also registered to Mr. Berdin.

 In Moldova, Olga and Tamara Gurinov (relatives of the Gurinovs), who apparently also have Romanian passports, were registered with the company Productie Si Comert Olimpus SRL and the individual entrepreneur network.

All of them participated in the business affairs of Vadim Gurinov.

www.emis.com

And since Romania is part of the EU, Gurinov’s relatives have a very wide field of activity!

And Gurinov’s numerous foreign passports allow him to move freely in EU countries. Belize is part of the British Commonwealth of Nations: with such an "auswice" they are allowed into London.

Valeria Gurinova, in addition to her British passport, has a German passport. Several years ago there was information that Vadim Gurinov also had a German passport, but soon he allegedly handed over his passport as a citizen of Germany and received a passport as a citizen of the Republic of Lithuania.

Galina Gurinova, as already mentioned, also has a passport from Belize and Cyprus, so she also moves freely around EU countries: Gurinov has registered many commercial companies in his name.

Sibur tires

In 2003, Gurinov surfaced in Sibur (one of the main assets of billionaire Timchenko).

Then this company was a subsidiary of PJSC Gazprom, and its head was Alexander Dyukov.

Alexander Dyukov

Gurinov and Dyukov got along well.

And in 2011, Gurinov became the head of a subsidiary of the Sibur – Russian Tires holding company.

Rusprofile.en

The company was renamed JSC Cordiant.

And Vadim Gurinov later transferred the share to his wife.

In May 2023, 100% of the shares of Cordiant JSC were sold to S8 Capital Group.

Almost at the same time as joining the Sibur company, Gurinov made his mark in the development business: in 2004, he organized the company Ruric AB (Russian Real Estate Investment Company) in Stockholm to invest money in real estate. Through it he was going to invest up to $5 billion in the Russian economy under the guise of external financing.

In the Russian media the company is called more simply – "Rurik".

The office was created with the aim of falling under agreements on the protection of foreign investment. And get away from the "guardianship" of Russian law enforcement agencies. The plans were oh, what: the company promised to invest up to $5 billion in development in Russia by 2017.

But in 2008, the company’s owners announced they would cease operations. We started selling assets. Ruric AB ended up with debts of $100 million. And 35% of the shares were transferred to creditors, and 27% ‒ to the offshore Gano Services (British Virgin Islands).

offshoreleaks.icij.org

In the Panama Papers, the beneficiary of the company is Vadim Gurinov’s brother ‒ Artem Gurinov.

offshoreleaks.icij.org     

offshoreleaks.icij.org

The vigorous activity of the Gurinov brothers in Sweden led to the formation of debts and the transfer of the Tugriks to offshore companies. And instead of investing, the partners received a fig with butter.

But Ruric AB did not collapse, but instead of Russia invested in real estate in London.

But in September 2022, Rosatom State Corporation suddenly appeared in the company, or rather –Rosatom Health Technologies (formerly – Rusatom Healthcare).

www.tadviser.ru

And Artem Gurinov suddenly found himself among the founders of Uran-Invest LLC: apparently, the Gurinov brothers have long-standing common points of contact with the Rosatom Group of Companies.

www.audit-it.ru

Next is another interesting detail: Ruric AB, in shares with Oracle Capitals Advisors, owned New End Developments LTD in the UK. This office was engaged in consulting for the rich Pinocchio from Eastern Europe on legalization in Britain. This office was headed by Malik Ishmuratov from Kazakhstan and Russian Denis Korotkov-Koganovich.

And before Valeria Gurinova, the company New End Developments Limited featured Malik Ishmuratov and Denis Korotkov-Koganovich, both ‒heroes of adventurous stories.

Malik Ishmuratov once spent money from the youngest daughter of the ex-president of Kazakhstan, Aliya Nazarbayeva. The proceedings between Nazarbayeva and Ishmuratov reached the High Court of London.

Aliya Nazarbayeva

Aliya Nazarbayeva was "divided" by $300 million.

Of course, Vadim Gurinov himself does not seem to be throwing partners. However, his principle is the same: he scrolls money through his Western companies. And his laundering business is blooming and smelling!

And it is not surprising that Vadim Gurinov has several foreign passports, and as they say, he has a residence permit in the UAE, because under the "roof" of New End Developments LTD, Gurinov was involved in the legalization of Russian money behind the cordon.

Gurinov also has close ties in other businesses: Vadim Gurinov has common points of contact with Ilya Traber, nicknamed "Antiquary", who is also the ‒ night governor of St. Petersburg.

Ilya Traber, aka ‒ "Antiquary"

And he also repeatedly crossed paths with businessman Alexander Tugushev, who was accused of fraud in the case of the Norebo fishing holding.

By the way, at one time Tugushev was deputy head of Rosrybolovstvo (2003-2004). And a partner of the head of the Norebo holding, Vitaly Orlov.

In 2004, he was arrested and sentenced to 6.5 years for bribery, and after his release he left for London. And he rented an apartment from New End Developments LDT.

Timchenko’s son-in-law Gleb Frank was just at that time trying to take over the Norebo company: and this once again proves how closely Vadim Gurinov communicates with both Timchenko himself and his entourage.

Timchenko’s people: johnhelmer.org

An interesting detail, again ‒, the chairman of the board of directors of the Rurik company was Ilya Sosnov. This is Vadim Gurinov’s former deputy at Sibur ‒ Russian Tires, and then the ‒ financial director of the Russian Sea Group of Companies, a large stake of which is controlled by Gennady Timchenko through Volga Resources.

"Aurora", but not a cruiser

Gurinov’s new company JSC GC Service-Telecom was formed on 15 January 2025.

The beneficiaries are reliably hidden, and the company is led by the same Mr. Berdin, who is also the ‒ director of Service-Telecom LLC with revenue for 2023 of 7.3 billion rubles.

Money was withdrawn from this office. And there is a debt of 750 million rubles.

The owners of Service-Telecom LLC are Galina Gurinova (74.93%), Lidiya Sokova (20%) and Olga Berdina (5.07%), apparently the ‒ wife of Nikolai Berdin.

In December 2021, VimpelCom sold Beeline cell towers to this structure for $957 million represented by Service-Telecom

www.audit-it.ru

Later, through Service-Telecom LLC, Link Development LLC and NBK JSC, ST-Natsproekt LLC was opened, which should attract external financing.

Vadim Gurinov is not legally reflected in the business of Service-Telecom Group of Companies, but he and his wife Galina Gurinova form a single business company.

And indicative here is Aurora LLC, where Galina Gurinova has 99%, and Vadim Gurinov has ‒ 1%.

Rusprofile.en

This is such a friendly family, this is such a family business empire with visits to the EU countries, the UAE, and the British Isles