St. Petersburg businessman Pyotr Kolbin was a shareholder of oil trader Gunvor and was not related to the company from 2005 to 2010, as stated in the investigation about the friendship and possible business relationships Kolbina with Russian President Vladimir Putin. This is stated in the statement published on the website of Gunvor.

Gunvor announced the “unproven false allegations” contained in the material, and asked the media to confirm information prior to publication or to discuss it with representatives of the company.

“In 2007, about a year Mr. Petr Kolbin was a minority investor in Gunvor, when the company for growth sought to diversify the resource base. It involved, essentially, was not strategic and completely stopped. Almost ten years he had no relationship to the company. Messages that Kolbin worked in the company from 2005 to 2010, are false,” the statement says.

The report notes that Gunvor throughout its history has retained most of the profits in the company, not paying dividends and investing in growth marketplaces, construction and acquisition of industrial assets around the world, auditors and its financial statements have been PricewaterhouseCoopers or KPMG.

In the investigation, “Rain said that Kolbin “owned at least 10% share in the global oil trader Gunvor” “for five years, until 2010, when the turnover of the company reached 70 billion dollars.” The company’s turnover in 2010 was not reached the “$ 70 billion”, reads the statement and accompanying press release implies that revenues for 2015 amounted to $ 64 billion. As follows from the statements of the company dated 23 February 2011, the company’s turnover for 2010 rose by 22.6%, to $ 65 billion, indicates RBC.

In the letter, obtained by radio “Freedom” from the top Manager Gunvor Seth Thomas Pietras, States that President Putin has not and never had” any relationship with Gunvor was not the owner or beneficiary. In a statement published on the website, this statement is not.

The main thesis of the investigation that Pyotr Kolbin is a childhood friend of President Putin, which explains his success in business, tried to refute the day before the press-Secretary of President Dmitry Peskov, who said he never met the name Kolbin among friends of the President.



The company Gunvor clarified in the investigation about Putin’s friendship with Peter Kolbin 28.09.2016

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