# Boris Rotenberg (businessman)

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Russian oligarch (born 1957)

In this name that follows [East Slavic naming customs](/source/East_Slavic_naming_customs), the [patronymic](/source/Patronymic) is *Romanovich* and the [family name](/source/Surname) is *Rotenberg*.

Boris Rotenberg Борис Ротенберг Rotenberg in 2018 Born Boris Romanovich Rotenberg (1957-01-03) 3 January 1957 (age 69) Leningrad, Russian SFSR, Soviet Union (now Saint Petersburg, Russia) Occupation Businessman Known for Co-founder of SMP Bank

**Boris Romanovich Rotenberg** ([Russian](/source/Russian_language): Борис Романович Ротенберг; born 3 January 1957) is a Russian businessman and [oligarch](/source/Russian_oligarch). He is co-owner (with his brother [Arkady Rotenberg](/source/Arkady_Rotenberg)) of the SGM (StroyGazMontazh) group, the largest construction company for gas pipelines and electrical power supply lines in Russia. He was listed by [Forbes](/source/Forbes) as Russia's 69th wealthiest person in 2016 with a net worth of $1.07 billion.[1] He is considered a close confidant of president [Vladimir Putin](/source/Vladimir_Putin).[2][3]

Since 2014, following Russia's annexation of Crimea, Rotenberg has been subject to [sanctions by the United States government](/source/International_sanctions_during_the_Ukrainian_crisis). After [Russia's invasion of Ukraine in 2022](/source/2022_Russian_invasion_of_Ukraine), the UK government has also imposed sanctions on Rotenberg.[4][5]

## Biography

Rotenberg was born in 1957 in a family of [Jewish](/source/Jewish) descent.[6][7] He was very involved in [martial arts](/source/Martial_art) between 1968 and 1978, particularly [judo](/source/Judo). He trained alongside Vladimir Putin[2] and won several awards for the [Soviet Union](/source/Soviet_Union). In 1992, he became a professional judo trainer in [Helsinki](/source/Helsinki). In 1998, he returned to [St. Petersburg](/source/St._Petersburg).[8][9]

In 2001, he and his brother founded the SMP bank, which operates in 40 Russian cities with over 100 branches, more than half of them in the [Moscow](/source/Moscow) area. SMP oversees the operation of more than 900 [ATM machines](/source/Automated_Teller_Machine).[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

Based on his friendship with Vladimir Putin, his company became closely aligned with [Gazprom](/source/Gazprom).[2] Rotenberg is a member of the [St. Petersburg Connection](/source/Political_groups_under_Vladimir_Putin's_presidency), a powerful energy [lobby](/source/Lobbying) under the leadership of Putin.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

He was involved in 20 construction projects for the [Sochi Winter Olympics](/source/Sochi_Winter_Olympics) worth 5 billion Euro. The largest site was the coastal highway to [Adler](/source/Adler_Microdistrict), where the Olympic Park was constructed for the numerous sport arenas.[2][10]

From July 2013[11] to 17 July 2015, Rotenberg was the president of [FC Dynamo Moscow](/source/FC_Dynamo_Moscow).[12] He is also the president of the Russian [Judo federation](/source/International_Judo_Federation). After leaving Dynamo, he bought another football club, [FC Dynamo Saint Petersburg](/source/FC_Dynamo_Saint_Petersburg), which was eventually moved to Sochi under the name [PFC Sochi](/source/PFC_Sochi) and was promoted to the [Russian Premier League](/source/Russian_Premier_League) for the 2019–20 season.[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

As a result of the [annexation of Crimea by the Russian Federation](/source/Annexation_of_Crimea_by_the_Russian_Federation), the [federal government of the United States](/source/Federal_government_of_the_United_States) under [Barack Obama](/source/Barack_Obama) blacklisted the Rotenberg brothers and other close friends of the [Russian president](/source/Russian_president), including [Sergei Ivanov](/source/Sergei_Ivanov) and [Gennadi Timchenko](/source/Gennadi_Timchenko). In July 2014, the [European Union](/source/European_Union) also blacklisted Boris Romanovich Rotenberg's company Giprotransmost for conducting the feasibility study of the construction of a bridge from Russia to the Autonomous Republic of Crimea.[13][14]

On 27 March 2014, both [Visa](/source/Visa_Inc.) and [MasterCard](/source/MasterCard) executed the boycott of SMP Bank, Investcapitalbank and Investitsionny Soyuz (Investment Union) bank. However, just a few days later, it was announced that the institutions do not meet the criteria under which the [U.S. Treasury](/source/U.S._Treasury) introduces [economic sanctions](/source/Economic_sanction).[15][16]

Rotenberg was named in the [Panama Papers](/source/Panama_Papers).[17]

Rotenberg also holds [Finnish](/source/Finland) citizenship.[18]

In January 2020, Finnish national broadcaster [YLE](/source/YLE) reported that Rotenberg had lost a court case against four Finnish banks in Helsinki District Court. Rotenberg had complained that the banks did not grant him basic banking services and he was not able to make even small transfers using his Finnish accounts. Helsinki District Court resolved the lawsuit by deciding Rotenberg has no right to basic banking services because he does not permanently reside in [European Economic Area](/source/European_Economic_Area). Rotenberg was ordered to pay the four banks' legal costs of 530,000 euros.[19]

On 22 February 2022, Boris along with his nephew [Igor Rotenberg](/source/Igor_Rotenberg) had sanctions imposed on them by the United Kingdom government as a result of the [Russo-Ukrainian crisis](/source/2021%E2%80%932022_Russo-Ukrainian_crisis). On 3 March, the United States imposed sanctions on Rotenberg, his wife, and sons.[20] In April 2022, Rotenberg had sanctions imposed on him by the [EU](/source/EU).[21]

## Motorsport

SMP Bank has sponsored auto racing teams under the brand [SMP Racing](/source/SMP_Racing). Russian drivers like [Mikhail Aleshin](/source/Mikhail_Aleshin), [Sergey Sirotkin](/source/Sergey_Sirotkin_(racing_driver)) and [Vitaly Petrov](/source/Vitaly_Petrov) have competed in [Formula 1](/source/Formula_1), [Formula 2](/source/FIA_Formula_2_Championship), the [FIA World Endurance Championship](/source/FIA_World_Endurance_Championship), [IndyCar Series](/source/IndyCar_Series) and the [European Le Mans Series](/source/European_Le_Mans_Series).[*[citation needed](https://en.wikipedia.org/wiki/Wikipedia:Citation_needed)*]

Rotenberg also owns BR Engineering, a race car constructor.[22]

In 2024, Rotenberg was elected president of the [Russian Automobile Federation](/source/Russian_Automobile_Federation).[23]

## Wealth

In January 2022 Forbes estimated his net worth to be $1.2B USD.[24] He owned a [Bombardier Challenger 300](/source/Bombardier_Challenger_300) registered M-ARRH however in 2019 it was seized by [Credit Suisse](/source/Credit_Suisse) and marketed for sale by Boutsen Aviation due to Rotenberg having sanctions put on him.[25]

## Personal life

Boris Rotenberg's elder brother is [Arkady Rotenberg](/source/Arkady_Rotenberg).[1]

Mr. Rotenberg's two older sons are [Roman Rotenberg](/source/Roman_Rotenberg), chief of marketing for the [ice hockey](/source/Ice_hockey) club [SKA St. Petersburg](/source/SKA_St._Petersburg) and [Boris Rotenberg](/source/Boris_Borisovich_Rotenberg), a football player of the [FC Lokomotiv Moscow](/source/FC_Lokomotiv_Moscow).[26][27]

His nephew, [Igor Rotenberg](/source/Igor_Rotenberg) ([Russian](/source/Russian_language): Ротенберг, Игорь Аркадьевич; born September 9, 1974) is a Russian billionaire businessman.[28][29]

## References

1. ^ [***a***](#cite_ref-:0_1-0) [***b***](#cite_ref-:0_1-1) ["#1694 Boris Rotenberg"](https://www.forbes.com/profile/boris-rotenberg/). *[Forbes](/source/Forbes)*. Retrieved 3 April 2016.

1. ^ [***a***](#cite_ref-putin_judo_2-0) [***b***](#cite_ref-putin_judo_2-1) [***c***](#cite_ref-putin_judo_2-2) [***d***](#cite_ref-putin_judo_2-3) Lucian Kim (28 April 2010). ["Putin's Judo Friend Says Premier Didn't Help Win Gazprom Deals"](https://www.bloomberg.com/news/articles/2010-04-28/putin-s-judo-playing-friend-says-premier-didn-t-help-him-win-gazprom-deals). *Bloomberg.com*.

1. **[^](#cite_ref-3)** ["UK targets three oligarchs and five Russian banks in first tranche of new sanctions - ICIJ"](https://www.icij.org/investigations/pandora-papers/uk-targets-three-oligarchs-and-five-russian-banks-in-first-tranche-of-new-sanctions/). 2022-02-22. Retrieved 2022-03-02.

1. **[^](#cite_ref-4)** ["The Sanctions Imposed So Far on Russia From the U.S., EU and U.K."](https://www.swissinfo.ch/eng/bloomberg/the-sanctions-imposed-so-far-on-russia-from-the-u-s---eu-and-u-k-/47392164) *SWI swissinfo.ch*. Retrieved 2022-03-26.

1. **[^](#cite_ref-5)** Stevis-Gridneff, Matina (2022-02-23). ["European Sanctions Target Putin's Inner Circle"](https://www.nytimes.com/2022/02/23/world/europe/eu-sanctions-putin-russia-ukraine.html). *The New York Times*. [ISSN](/source/ISSN_(identifier)) [0362-4331](https://search.worldcat.org/issn/0362-4331). Retrieved 2022-03-26.

1. **[^](#cite_ref-6)** Sheldon Kirshner (23 November 2015). ["Russia's New Tsar"](https://blogs.timesofisrael.com/russias-new-tsar/). *THE TIMES OF ISRAEL*.

1. **[^](#cite_ref-7)** Paul Roderick Gregory (14 October 2014). ["Putin's Reaction To Sanctions Is Destroying The Economy And China Won't Help"](https://www.forbes.com/sites/paulroderickgregory/2014/10/14/putins-reaction-to-sanctions-is-destroying-the-economy-and-china-wont-help/). *Forbes*.

1. **[^](#cite_ref-8)** ["Борис Ротенберг"](https://24smi.org/celebrity/3314-boris-rotenberg.html). *24SMI* (in Russian). Retrieved 2023-03-30.

1. **[^](#cite_ref-9)** Milton, Vealthy (2023-12-02). ["Boris Rotenberg Net Worth"](https://turkishweekly.net/boris-rotenberg-net-worth/). *Turkish Weekly*. Retrieved 2024-10-22.

1. **[^](#cite_ref-10)** Aumüller, Johannes (2014-02-07). ["Putins reiche Freunde"](https://www.sueddeutsche.de/sport/profiteure-von-olympia-putins-reiche-freunde-1.1882032). *Süddeutsche.de* (in German). Retrieved 2024-10-22.

1. **[^](#cite_ref-11)** ["Boris Rotenberg replaced Solovyev on a post of the president of FC Dynamo"](http://wrestling.com.ua/en/news/article/traditsionnaya/13_07_18_boris_rotenberg_smenil_soloveva_na_postu_prezidenta_fk_dinamo/). *Wrestling.com.ua*. 18 July 2013.

1. **[^](#cite_ref-12)** [Борис Ротенберг покидает пост президента](http://fcdynamo.ru/news/events/?id_4=11710) (in Russian). [FC Dynamo Moscow](/source/FC_Dynamo_Moscow). 17 July 2015.

1. **[^](#cite_ref-13)** Valentina Pop (30 July 2014). ["EU blacklists three Putin 'cronies'"](https://euobserver.com/foreign/125157). *Euobserver.com*.

1. **[^](#cite_ref-14)** ["RÈGLEMENT D'EXÉCUTION (UE) No 826/2014 DU CONSEIL du 30 juillet 2014"](https://eur-lex.europa.eu/legal-content/FR/TXT/?uri=CELEX%3A32014R0826). *Eur-lex.europa.eu* (in French). 30 July 2014.

1. **[^](#cite_ref-15)** D Butrin, O Shestopal, S Dementyeva (2014). [Visa and MasterCard withdraw sanctions against two Russian banks](https://rbth.com/business/2014/03/24/visa_and_mastersard_withdraw_sanctions_against_two_russian_banks_35341.html). Russia Beyond the Headlines. 24 March 2014.

1. **[^](#cite_ref-16)** Aumüller, Johannes (2014-02-07). ["Putins reiche Freunde"](https://www.sueddeutsche.de/sport/profiteure-von-olympia-putins-reiche-freunde-1.1882032). *Süddeutsche.de* (in German). Retrieved 2024-10-22.

1. **[^](#cite_ref-17)** ["Panama Papers: The Power Players"](https://panamapapers.icij.org/the_power_players/). [International Consortium of Investigative Journalists](/source/International_Consortium_of_Investigative_Journalists). [Archived](https://web.archive.org/web/20160404042238/https://panamapapers.icij.org/the_power_players/) from the original on April 4, 2016.

1. **[^](#cite_ref-18)** Kuittinen, Teppo (11 December 2014). ["Suomalaisoligarkkien "karu" pakotearki: valtavia tilauksia Venäjän valtiolta"](https://www.is.fi/ulkomaat/art-2000000848245.html). *[is.fi](/source/Ilta-Sanomat)* (in Finnish). Retrieved 7 March 2018.

1. **[^](#cite_ref-YLE_19-0)** ["Boris Rotenberg hävisi kiistansa suomalaispankkien kanssa – joutuu maksamaan yli puoli miljoonaa pankkien oikeudenkäyntikuluja"](https://yle.fi/uutiset/3-11154907a) (in Finnish). Retrieved March 21, 2020.

1. **[^](#cite_ref-20)** Nick Wadhams; Jennifer Jacobs (3 March 2022). ["U.S. Sanctions Usmanov, Prigozhin, Tokarev, Other Russian Elites"](https://www.bloomberg.com/news/articles/2022-03-03/u-s-readies-new-sanctions-on-russian-oligarchs-and-families). [Bloomberg News](/source/Bloomberg_News).

1. **[^](#cite_ref-21)** [Russland und Belarus: Neue Sanktionen](https://www.vbw-bayern.de/Redaktion/Frei-zugaengliche-Medien/Abteilungen-GS/Au%C3%9Fenwirtschaft/2021/Downloads/20220409_EU_Russland_Belarus_Sanktionen_%C3%9Cbersicht.pdf) [Archived](https://web.archive.org/web/20220412153117/https://www.vbw-bayern.de/Redaktion/Frei-zugaengliche-Medien/Abteilungen-GS/Au%C3%9Fenwirtschaft/2021/Downloads/20220409_EU_Russland_Belarus_Sanktionen_%C3%9Cbersicht.pdf) 2022-04-12 at the [Wayback Machine](/source/Wayback_Machine) (PDF-Dokument), April 2022

1. **[^](#cite_ref-22)** ["Компания Бориса Ротенберга представила новый гоночный автомобиль"](https://autosport.com.ru/russia/69846-kompaniya-borisa-rotenberga-predstavila-novyy-gonochnyy-avtomobil). *Autosport.com.ru* (in Russian). 2021-05-18. Retrieved 2023-03-30.

1. **[^](#cite_ref-23)** Zaitseva, Ekaterina (18 May 2024). ["Борис Ротенберг возглавил Российскую автомобильную федерацию"](https://www.forbes.ru/sport/512791-boris-rotenberg-vozglavil-rossijskuu-avtomobil-nuu-federaciu) [Boris Rotenberg becomes head of the Russian Automobile Federation]. *[Forbes](/source/Forbes)* (in Russian). Retrieved 4 August 2024.

1. **[^](#cite_ref-24)** ["Boris Rotenberg"](https://www.forbes.com/profile/boris-rotenberg/). *Forbes*. Retrieved 2022-01-15.

1. **[^](#cite_ref-25)** ["Russian Billionaire Brothers Forced to Sell Private Jets Over Sanctions — Forbes"](https://www.themoscowtimes.com/2019/01/23/russia-billionaire-brothers-forced-sell-private-jets-over-sanctions-forbes-a64247). *The Moscow Times*. 2019-01-23. Retrieved 2022-01-15.

1. **[^](#cite_ref-26)** Saul Pope (4 May 2015). ["The Unusual Career of Boris Rotenberg"](http://futbolgrad.com/the-unusual-career-of-boris-rotenberg/). *Futbolgrad.com*.

1. **[^](#cite_ref-27)** ["Boris Rotenberg Jr, family friend of Vladimir Putin, has unexpected and mercurial rise to peak of Russian football"](https://www.telegraph.co.uk/sport/football/babb/11586473/Boris-Rotenberg-Jr-family-friend-of-Vladimir-Putin-has-unexpected-and-mercurial-rise-to-peak-of-Russian-football.html). *Telegraph.co.uk*. 6 May 2015.

1. **[^](#cite_ref-ForbesIgor_28-0)** ["Igor Rotenberg"](https://www.forbes.com/profile/igor-rotenberg). *[Forbes](/source/Forbes)*. Retrieved October 26, 2018.

1. **[^](#cite_ref-DelovoyIgor_29-0)** ["Кто есть кто: Ротенберг Игорь Аркадьевич"](https://whoiswho.dp.ru/cart/person/1934338/) [Who Is Who: Rotenberg Igor Arkadyevich]. *[Delovoy Petersburg](/source/Delovoy_Petersburg)* (in Russian). Retrieved October 26, 2018.

## External links

Media related to [Boris Romanovich Rotenberg](https://commons.wikimedia.org/wiki/Category:Boris_Romanovich_Rotenberg) at Wikimedia Commons

- Oliver Bilger: [Krim-Krise, Die Angst vor dem Wirtschaftskrieg wächst](https://www.zeit.de/wirtschaft/2014-03/krim-krise-sanktionen-wirtschaftskrieg/komplettansicht), *[Die Zeit](/source/Die_Zeit)*, 21 March 2014.

Authority control databases VIAF GND

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Adapted from the Wikipedia article [Boris Rotenberg (businessman)](https://en.wikipedia.org/wiki/Boris_Rotenberg_(businessman)) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Boris_Rotenberg_(businessman)?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.