Igor Makarov (businessman)

Igor Viktorovich Makarov (born 5 April 1962) is the President of ARETI International Group (formerly known as ITERA International Group).[1]

For other people with the same name, see Igor Makarov.
Igor Makarov
Born (1962-04-05) 5 April 1962
Ashkhabad, Turkmen SSR, Soviet Union
NationalityRussian
OccupationPresident of ARETI International Group

Personal

Makarov was born as the only child of his parents in Ashkhabad, Turkmen SSR[2] in 1962. He graduated from Turkmen State University in 1983, then served in the Soviet Army.

The name ARETI is derived from Makarov's previous company's name ITERA (spelled backwards). In the summer of 2017, Makarov's new yacht, Areti, was delivered by Lürssen.[3]

Career

ITERA Oil and Gas Company, founded in 1992 by Igor Makarov, was the main subsidiary of the ITERA Group.[4] Due to enormous reserves, Makarov's Itera was the fourth largest natural gas company in the world in 2000.[5] In 2012, ITERA entered into a joint venture with Rosneft and a year later, Rosneft acquired Itera Oil and Gas Company for $2.9 billion.[6] In 2015, ITERA International Group of Companies was renamed ARETI International Group as a result of rebranding.[7][8] Makarov purchased a mansion in Jacksonville, Florida.[9]

According to undisclosed documents obtained by a journalist of Eurasia Daily Monitor in 2009, Makarov was the Ultimate Beneficial Owner (UBO) of companies affiliated with the then company ITERA, many of which allegedly registered in the British Virgin Islands (BVI) and other offshore tax havens.[10] He was one of many individuals with Russian business interests named as ‘oligarchs’ in the CAATSA unclassified report, signed into law by President Donald Trump in 2017, even though he believed the legislation was "seriously flawed".[11][12] The list imposed no new sanctions[13][14] and shortly after it was released, it was reported and confirmed by the Treasury Department that it was copied from the Forbes’ 2017 “World Billionaires” list.[15]

Cycling

Makarov was a member of the USSR national cycling team, champion and prizewinner of the all-Union (USSR) and international cycling competitions. Makarov is also a Master of Sports of International Class.[16]

He actively supports and sponsors the international cycling movement.[17] From 2010 to 2016, he was President of the Russian Cycling Federation (RCF)[18] and in 2016 was elected as Honorary President of the Russian Cycling Federation. In March 2011, Makarov became a member of the Management Committee of the International Cycling Union, UCI.[19] The team Katusha was created by him in 2008 within the framework of the previously established Russian Global Cycling Project, which was intended to help cycling in Russia to move to a qualitatively new level.[20]

Awards

Makarov has been decorated with state awards from different countries for his significant contributions to developing economic relations and strengthening friendship and cooperation between the people. Among the awards are the Order of Friendship of Peoples and the Medal of Francisk Scorina (state awards of Belarus), the Friendship Medal (state award of Mongolia), the Order "Gloria Muncii" (Work Merit) (the state award of Moldova), as well as the Order of Holy Faithful Prince Daniel of Moscow and Innokenty the Sanctifier Metropolitan of Moscow and Kolomna, 3rd Class of the Russian Orthodox Church, the Order of Saint Sergius of Radonezh, 3rd Class of the Russian Orthodox Church, Honorary Reward "Аkinfy Nikitich Demidov" of the International Demidov's Foundation.[21]

Community service

Makarov has created the charitable Makarov Foundation to support children's welfare and people with autism and other developmental disabilities. Makarov, through his foundation, has given a grant to build the Mount Sinai Adult Autism Clinic,[22] supported the Best Buddies International’s annual Hublot Best Buddies Challenge: Miami[23] and the annual Tour de Broward 2020, which raised more than $700,000 for the Joe DiMaggio Children's Hospital.[24] In addition, Makarov also donated money to the Flight of Hope Project to save the population of Siberian cranes.[25]

References
  1. "Igor Makarov (private website)".
  2. "Russian oligarch denies links to woman in epicenter of Austrian leak scandal — RT World News". Sky News. 20 May 2019.
  3. "Yacht Areti".
  4. Harding, Luke (1 December 2010). "US embassy cables: Gas supplies linked to Russian mafia". The Guardian. Retrieved 7 November 2020.
  5. Weiss, Michael (19 March 2014). "Married to the Ukrainian Mob: Meet Dmytro Firtash, the shady billionaire at the heart of Russia's energy stranglehold over Kiev". Foreign Policy. Archived from the original on 11 July 2020. Retrieved 18 November 2020.
  6. "Igor Makarov". Forbes. Retrieved 2017-05-12.
  7. Renaud, Karine. "The Mineral Industry of Turkmenistan" (PDF). USGS. U.S. Department of the Interior.
  8. Hasanov, Huseyn. "ARETI interested in implementation of joint projects in Turkmen fuel and energy complex". Menafn.com. Retrieved August 30, 2019.
  9. "Tinker, tailor, cyclist, spy". INRNG. The Inner Ring. 29 December 2011. Retrieved 12 November 2020.
  10. "Russian Oligarchs and their Fight for Survival—An Investigative Report".
  11. "Report to Congress Pursuant to Section 241 of the Countering America's Adversaries Through Sanctions Act of 2017 Regarding Senior Foreign Political Figures and Oligarchs in the Russian Federation and Russian Parastatal Entities" (PDF). January 29, 2018.
  12. "Statement by President Donald J. Trump on Signing the "Countering America's Adversaries Through Sanctions Act"". Whitehouse.gov. Retrieved August 2, 2017.
  13. Borak, Donna. "US names Russian oligarchs in 'Putin list' but imposes no new sanctions". CNN. Retrieved February 12, 2019.
  14. "Resource Center". Treasury.gov.
  15. Barber, Ryan. "DOJ Doesn't Deny Treasury's Russian 'Oligarch' List Was Copied From Forbes". The National Law Journal. Law.com. Retrieved April 23, 2019.
  16. "ARETI INTERNATIONAL GROUP". www.itera.ru (in Russian). Retrieved 2017-05-12.
  17. "Inside UCI". World Cycling Centre.
  18. "Федерация велосипедного спорта России". www.fvsr.ru (in Russian). Retrieved 2017-05-12.
  19. New European members of the UCI Board elected. March,11,2011
  20. "Team Katusha–Alpecin details". The Sports DB.com.
  21. "iteragroup.com - iteragroup Resources and Information". www.iteragroup.com. Retrieved 2017-05-12.
  22. Rodriguez, Rene. "Mount Sinai opens clinic for autistic adults". Miami Herald. Retrieved January 19, 2017.
  23. "Makarov Foundation Supported The Hublot Best Buddies Challenge: Miami". Best Buddies International. Bestbuddies.org. 20 December 2019.
  24. Curreri, Gary (March 6, 2020). "Tour de Broward raises $700K for children's hospital". sun-sentinel.com. Sun Sentinel.
  25. Makarov, Igor (15 June 2017). "Flight of Hope Project: The Conservation of Cranes".
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