German Borisovich KHAN

Co-founder and former Member of Board of Directors, LetterOne Group; Former Supervisory Board Member of oil and gas company, Wintershall Dea AG

Associated individuals: Vladimir Putin, Mikhail Fridman, Petr Aven, Alexey Kuzmichev Associated entities: Alfa Group, Alfa Bank

Associated entities: Alfa Group, Alfa Bank

German Khan is a Russian businessperson maintaining a close relationship with the President of the Russian Federation, Vladimir Putin, similarly to his business partners, Mikhail Fridman, Petr Aven and Alexey Kuzmichev. In March 2022, he transferred his shares in ABH Holdings, which controls a major Russian bank, Alfa Bank, to his long-time business partner Andrei Kosogov. This transfer was declared by the National Bank of Ukraine to be null and void. Additionally, the transfer of his shares in A1, which is part of the Alfa Group, could be considered fictitious. He was also a shareholder of the LetterOne investment firm. He continued to manage the Russia-based assets of Alfa Group. He is believed to be one of the most influential persons in Russia. He exchanged favours with the President of the Russian Federation, Vladimir Putin, in return for political support to his business and financial gains. Vladimir Putin rewarded Alfa Group Consortium’s loyalty to the Russian authorities by providing political help to Alfa Group Consortium’s foreign investment plans. Moreover, he was among the leading Russian businesspersons who participated in the congress of the Russian Union of Industrialists and Entrepreneurs in March 2023, where the President of the Russian Federation, Vladimir Putin, gave a speech and urged billionaires to put “patriotism before profit”. The insurance company AlfaStrakhovanie, subsidiary of Alfa Group Consortium, provides insurance to the vehicles of the Federal Service of the National Guard of the Russian Federation (Rosgvardia), whose units operate in the occupied regions of Ukraine under Russian control, as well as the bodyguard vehicles of the President of the Russian Federation, Vladimir Putin. Furthermore, X5 Retail Group, another subsidiary of Alfa Group Consortium, cooperates with JSC Voentorg, an entity subject to restrictive measures which provides catering and laundry services, as well as military uniforms, to the armed forces of the Russian Federation and whose subsidiary sells T-shirts bearing the “Z” military symbol used by Russian propagandists to promote Russia’s war of aggression against Ukraine. He has therefore been supporting materially or financially and benefitting from Russian decision-makers responsible for the annexation of Crimea or the destabilisation of Ukraine. Khan also has a significant shareholding in Rosvodokanal, another Alfa Group company and one of the leading private operators of water utilities in Russia. He is also a leading businessperson operating in Russia and a businessperson involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.

Associated individuals: Vladimir Putin, Mikhail Fridman, Petr Aven, Alexey Kuzmichev

Function: leading businessperson close to Vladimir Putin; one of the main shareholders of the Alfa Group

ABH Holdings controls Alfa Bank. In March 2022 German Khan transferred his shares in ABH Holding to Andrei Kosogov; a transfer that the National Bank of Ukraine declared null and void. Associated individuals: Vladimir Putin, Mikhail Fridman, Petr Aven, Alexey Kuzmichev Associated entities: Alfa Group, Alfa Bank

German Khan is a Russian businessperson maintaining a close relationship with the President of the Russian Federation, Vladimir Putin, similarly to his business partners, Mikhail Fridman, Petr Aven and Alexey Kuzmichev. In March 2022, he transferred his shares in ABH Holdings, which controls a major Russian bank, Alfa Bank, to his long-time business partner Andrei Kosogov. This transfer was however declared by the National Bank of Ukraine to be null and void. Additionally, the transfer of his shares in A1, which is part of the Alfa Group, is considered fictitious. Khan also has a significant shareholding in Rosvodokanal, another Alfa Group company and one of the leading private operators of water utilities in Russia. He was also a shareholder of the LetterOne investment firm. He continued to manage the Russia-based assets of Alfa Group. He is believed to be one of the most influential persons in Russia. He exchanged favours with the President of the Russian Federation, Vladimir Putin, in return for political support to his business and financial gains. Moreover, he was among the leading Russian businesspersons who participated in the congress of the Russian Union of Industrialists and Entrepreneurs in March 2023, where the President of the Russian Federation, Vladimir Putin, gave a speech and urged billionaires to put “patriotism before profit”. The insurance company AlfaStrakhovanie, which is part of Alfa Group Consortium, provides insurance to the vehicles of the Federal Service of the National Guard of the Russian Federation (Rosgvardia), whose units operate in the occupied regions of Ukraine under Russian control, as well as the bodyguard vehicles of the President of the Russian Federation, Vladimir Putin. AlfaStrakhovanie has also provided insurance to companies such as the JSC Kalashnikov Concern and the Central Scientific-Research Institute for Precision Machine Engineering (TsNIITochMash), whose weapons are widely used by the Russian military in Ukraine, including during the atrocities in Bucha. Furthermore, X5 Retail Group, another company of Alfa Group Consortium, cooperates with JSC Voentorg, an entity subject to restrictive measures which provides catering and laundry services, as well as military uniforms, to the armed forces of the Russian Federation and whose subsidiary sells T-shirts bearing the “Z” military symbol used by Russian propagandists to promote Russia’s war of aggression against Ukraine. German Khan is therefore a leading businessperson operating in Russia and a businessperson involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine. He also supports materially or financially and benefits from Russian decision-makers responsible for the annexation of Crimea or the destabilisation of Ukraine.

ABH Holdings controls Alfa Bank. In March 2022 German Khan transferred his shares in ABH Holding to Andrei Kosogov; a transfer that the National Bank of Ukraine declared null and void. Associated individuals: Vladimir Putin, Mikhail Fridman, Petr Aven, Alexey Kuzmichev Associated entities: Alfa Group, Alfa Bank

Personnes associées: Vladimir Poutine, Mikhaïl Fridman, Petr Aven, Alexey Kuzmichev Entités associées: Alfa Group, Alfa Bank German Khan est un homme d’affaires russe qui entretient des relations étroites avec le président de la Fédération de Russie, Vladimir Poutine, à l’instar de ses partenaires commerciaux Mikhail Fridman, Petr Aven et Alexey Kuzmichev. En mars 2022, il a transféré ses participations dans ABH Holdings, qui contrôle une grande banque russe, Alfa Bank, à son partenaire commercial de longue date Andrei Kosogov (Andreï Kossogov). Ce transfert a cependant été déclaré nul et non avenu par la Banque nationale d’Ukraine. En outre, le transfert de ses participations dans A1, qui fait partie d’Alfa Group, est considéré comme fictif. Khan est également un actionnaire important de Rosvodokanal, une autre entreprise d’Alfa Group et l’un des principaux exploitants privés de services de distribution d’eau en Russie.Il a également été actionnaire de la société d’investissement LetterOne. Il a continué de gérer les actifs d’Alfa Group basés en Russie. Il est considéré comme l’une des personnes les plus influentes de Russie. Dans un échange de faveurs avec le président de la Fédération de Russie, Vladimir Poutine, il a obtenu un soutien politique à ses affaires et à ses profits financiers. Par ailleurs, il a figuré parmi les femmes et hommes d’affaires russes influents qui ont participé au congrès de l’Union russe des industriels et des entrepreneurs en mars 2023, au cours duquel le président de la Fédération de Russie, Vladimir Poutine, a prononcé un discours et a exhorté les milliardaires à faire passer “le patriotisme avant le profit”. La compagnie d’assurances AlfaStrakhovanie, qui fait partie du consortium Alfa Group, fournit des assurances pour les véhicules du service fédéral de la Garde nationale de la Fédération de Russie (Rosgvardia), dont les unités opèrent dans les régions occupées d’Ukraine sous contrôle russe, ainsi que pour les véhicules des gardes du corps du président de la Fédération de Russie, Vladimir Poutine. AlfaStrakhovanie a également fourni des assurances à des entreprises telles que JSC Kalashnikov Concern et Central Scientific-Research Institute for Precision Machine Engineering (TsNIITochMash), dont les armes sont largement utilisées par l’armée russe en Ukraine, comme notamment lors des atrocités commises à Boutcha. D’autre part, X5 Retail Group, une autre société du consortium Alfa Group, coopère avec JSC Voentorg, une entité soumise à des mesures restrictives qui fournit des services de restauration et de blanchisserie, ainsi que des uniformes militaires, aux forces armées de la Fédération de Russie et dont la filiale vend des T-shirts avec le symbole militaire “Z” utilisé par les propagandistes russes pour promouvoir la guerre d’agression menée par la Russie contre l’Ukraine. German Khan est donc un homme d’affaires influent exerçant des activités en Russie ainsi qu’un homme d’affaires intervenant dans des secteurs économiques fournissant une source substantielle de revenus au gouvernement de la Fédération de Russie, qui est responsable de l’annexion de la Crimée et de la déstabilisation de l’Ukraine. Il apporte également un soutien matériel ou financier aux décideurs russes responsables de l’annexion de la Crimée ou de la déstabilisation de l’Ukraine, et tire avantage de ces décideurs.

Born on 24 October 1961 - Disqualified

The Director Disqualification Sanction was imposed on 09/04/2025.

Personnes associées : Vladimir Poutine, Mikhaïl Fridman, Petr Aven, Alexey Kuzmichev Entités associées : Alfa Group, Alfa Bank

Member of Supervisory Board of the Alfa Group Consortium; member of the Board of Directors of ABH Holdings S.A.; and Chair of the Supervisory Board of A1 Investment Holding S. A.

Russian oligarch. Amid the war, he remains involved at the highest level in the system of Russian political corruption, in which capital is an instrument for acquiring political influence, and political influence is a condition for preserving capital. Participated in a meeting between Vladimir Putin and members of the Russian Union of Industrialists and Entrepreneurs on March 16, 2023, thereby expressing public support for the policy of the Russian authorities during the invasion of Ukraine.

Mentioned in 2018 CAATSA report on Russian oligarchs

Russian businessman