Federation Council Speaker Valentina Matvienko suggested that Severstal co-owner Alexey Mordashov transfer money from offshore companies to Russia.
“Colleague Mordashov came to the top of the Forbes list, which makes us very happy – it is good that our people are getting richer. But maybe, in this case, we need to evaluate the possibilities and, perhaps, bring some offshore companies to the Russian Federation? ” — Matvienko said at a meeting of the Federation Council on April 29.
She added that in addition to the laws, “there must also be laws of conscience, patriotism, love for your motherland and country and respect for the people who have earned these huge billions for you.”
Severstal Company commented on Matvienko’s statement I mentioned RBC reported that Mordashov has no offshore companies, and that his assets are in Russia. The company noted that the businessman cannot have offshore companies, because Mordashov himself and Severstal are subject to Western sanctions.
The company representative added that Severstal, along with other companies of the ferrous metallurgy industry, is facing a crisis, but despite this, “it is not just a responsible taxpayer, but an enterprise of system importance” in the Vologda region.
The company urged Matvienko’s office staff to “carefully verify information about the report to their manager, and it is best to contact Severstal directly if this is the case.”
Valentina Matvienko made this statement a few days after Mordashov’s 142-meter luxury yacht Nord passed through the blocked Strait of Hormuz.
Alexei Mordashov is the richest businessman in Russia, according to Forbes magazine. The publication issued in March 2026 estimated his wealth at $37 billion. Mordashov become The first businessman in Russia with a fortune of more than 30 billion.