Mikhail Shelkov

Mikhail Shelkov (born March 30, 1968) is a Russian billionaire and the majority owner of VSMPO-AVISMA, a Russian titanium firm, through his ownership of Industrial Investments LLC.

VSMPO stands for VerkhneSaldinskoye Metallurgicheskoye Proizvodstvennoye Ob'yedineniye (, Metal-producing company of Verkhnyaya Salda; and AVISMA for AVIatsionnyye Spetsial'nyye MAterialy or AVIation Special MAterials).

Career In 2016 Shelkov joined with Rostec to invest in the Oktava factory project, which is located in Tula.

In July 2022 Reuters noted that Shelkov hadn't yet been sanctioned by any Western country. And by March 2023 Shelkov was not sanctioned by the US, EU nor the UK.

In August 2023 the SPFU cancelled an auction of InvestAgro LLC, property of Shelkov which it had obtained from the court, because of disinterest.

In August 2023 the Security Service of Ukraine (SBU) revealed to the court a scheme by which Shelkov stole from the State Property Fund of Ukraine, which had become the owner of the Demurinsky mining and beneficiation plant in the Dnipropetrovsk region since Shelkov had been relieved of this asset by National Security and Defense Council of Ukraine sanctions in February 2023. The plant employs 284 people, and has been in production since 2006. He was charged with two infractions of the Criminal Code of Ukraine: His Austrian enterprise acted as a customer of Demurinsky but in reality, the minerals were sent directly to Russia by rail.