Nikolai Shamalov

Nikolai Terent'yevich Shamalov, Nikolai Terent'evich Shamalov or Nikolai Terentievich Shamalov (; born 24 January 1950) is a Belarusian-born Russian dentist, businessman, and a founding member of Ozero. He is a close confidant of Russian leader Vladimir Putin. Shamalov grew rich after obtaining a stake in Bank Rossiya.

Education Shamalov is a dentist/physician by training. He is fluent in German.

Career Until the 1990s, Shamalov worked as a dentist in Leningrad (Saint Petersburg). In 1994, he founded the company Masterdentservis in Leningrad. According to Sergei Kolesnikov, Shamalov refused to answer questions by Siemens internal investigators about money laundering, corruption, and bribery. This led to Shamalov's dismissal from Siemens.

From 1993 to 1995, he worked in the Committee on External Relations of the St. Petersburg Mayor's Office. Vladimir Putin was his boss.

In January 1992, AOZT/ZAO Petromed was founded with 51% of its shares owned by the Saint Petersburg's Committee on External Relations (KVS) which Putin headed, 39% of its shares owned by the Center for International Cooperation which is headed by Dmitri Gorelov, and 10% of its shares owned by the Saint Petersburg Committee on Health. Andrey Kolesnikov, a biophysicist from the Polytechnic Institute, formed a cooperative to manufacture medical equipment for Petromed. However, Shamalov greatly inflated the purchase price of the medical equipment and then funneled 33% of the money to offshore accounts. After Vladimir Yakovlev, who was the Governor of Saint Petersburg, became a very outspoken critic of Petromed, Putin, and corruption, Gorelev and Kolesnikov bought out the Saint Petersburg Committee on Health portion of Petromed and became the only two owners of Petromed. Later, Gorelov, Kolesnikov, and Shamalov used the funneled money, which they obtained as overcharges to Petromed, to purchase shares in Rossiya Bank, Vyborg Shipyard, and other entities. As of 2016, Shamalov has remained a member of the cooperative Ozero.

In early 1997 and previously, Shamalov's family and the family of Vladimir Putin and Lyudmila Ocheretnaya vacationed together in Davos, Switzerland.

In 2004, he, Yuri Kovalchuk, and Dmitry Vladimirovich Gorelov became co-owners of Bank Rossiya. Using money that Shamalov had funneled from Petromed to offshore accounts Nikolai owns a 12.5% share. Kirill owns a 5% share and is on the board of directors. The Shamalov's combined stake is estimated to be 15 billion rubles in 2018.

In 2011, to support the Russian Defense Ministry, Roscosmos, and ROSATOM, he and Oleg Sharykin formed the joint company Ceramic Technologies which has two main projects: (1) the creation of silicon carbide pencil boxes for the long-term storage and disposal of highly radioactive nuclear waste in underground sites and (2) the development and production of silicon carbide optical blocks in telescopes and sensors used in remote sensing surveillance satellites, which also can detect asteroid hazards and explore deep space. and the Skolkovo Foundation but receives no investment and no funding from either.

On 28 June 2013, he was the second-largest shareholder in Bank Rossiya owning around 10.5% of the total shares.

According to the Panama Papers, his Bank Rossiya staff in St Petersburg sent all their confidential instructions through a firm of Swiss attorneys in Zurich, Dietrich Baumgartner and Partners, to have Mossack Fonseca (Mossfon) establish a British Virgin Islands shell company, Sandalwood Continental Ltd, to hide large sums of Vladimir Putin's personal wealth that had been in bank accounts at the Russian Commercial Bank (RCB) of Cyprus, which is a bank owned by VTB and is now known as RCB Bank. to purchase and develop the Igora ski resort. and a large ice palace . Established in 2006 with financing from Rossiya Bank, Igora is a combination of two Russian nouns: igra , play, and gora , mountain.

Yuri Shamalov has degrees from the Higher Naval Engineering College V. I. Lenin in 1992 in naval engineering and from the All-Russian Academy of Foreign Trade of the Ministry of Foreign Economic Relations of the Russian Federation in 1996 in foreign trade. In April 2018, the United States imposed sanctions on his son Kirill Shamalov and 23 other Russian nationals due to the Russian interference in Ukraine and to prevent Vladimir Putin and his close inner circle's next generation of relatives from gaining wealth.