Governance

Former French PM joins board of Russian Energy company

Published on: 3 January 2022 07:00 AM
by KnowESG
Francois Fillon.

A Brief Summary

Former French Prime Minister François Fillon joined the board of Russian petrochemicals Sibur, The updated list of the board shows. Among the company's shareholders are Leonid Mikhelson, one of Russia's wealthiest men, and Gennady Timchenko, a close associate of President Vladimir Putin.

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Former French Prime Minister François Fillon joined the board of Russian petrochemicals Sibur, The updated list of the board shows. Among the company's shareholders are Leonid Mikhelson, one of Russia's wealthiest men, and Gennady Timchenko, who is a longstanding friend of Russian President Vladimir Putin, whose energy-related actions in 2014 were "directly connected to Putin" by the US Treasury. Putin's former son-in-law, Kirill Shamalov, is a stockholder.

Fillon was prime minister between 2007 and 2012. The move came earlier this year after Fillon was named to the board of Zarubezhneft, a Russian state oil company.

His campaign was derailed by a fake-jobs controversy, for which he was sentenced to five years in prison, in June 2020. In the past, many European politicians have joined Russian energy companies.

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