Tinkov spoke about the sale of assets in addition to Tinkoff Bank

Oleg Tinkov, who sold his stake in the Tinkoff group, also got rid of summer cottages in Kamchatka and Astrakhan and intends to sell an icebreaker yacht. According to him, he ceased to be a billionaire and his fortune is $0,

The founder and former key shareholder of Tinkoff Bank, Oleg Tinkov, did not rule out the sale of his La Datcha icebreaker yacht due to the impossibility of maintaining it. He said this in an interview with journalist Yuri Dudyu (recognized by the Ministry of Justice as a media agent-foreign agent).

“A beautiful yacht, she spent a wonderful season in Kamchatka, and then in Antarctica. I haven’t visited my yacht yet - I hope I’ll visit somehow, although in this situation, rather, I need to sell it, because I don’t have much money, I won’t be able to support it, I will have to sell it, ”said the businessman. He clarified that due to UK sanctions, the ship cannot enter British territorial waters, but there are no other restrictions. Tinkov estimated the cost of the yacht at about $100 million.

The 77-meter La Datcha is the first privately owned icebreaker in the world. She was launched in July 2020. A SeaExplorer-class vessel can stay on the high seas for up to 40 days without the need to return to the port, the specialized portal Yacht Harbor indicated. La Datcha is equipped with two helipads and its own submarine. The businessman leased the yacht - the cost of a week of stay on the ship was € 740,000 plus a deposit for additional expenses of 30%.

On February 24, RUSSIA launched a military operation in Ukraine, in response to which Western countries began to impose, among other things, personal sanctions against Russian citizens and businessmen. Tinkov was blacklisted by Great Britain on March 24, although he had previously spoken out against Russia's military actions. “States should spend money on treating people, on research into defeating cancer, not on war,” the businessman wrote on Instagram (part of the Meta corporation, which is recognized as extremist and banned in Russia).

On April 19, after the imposition of British sanctions, Tinkov again spoke out against the military conflict in Ukraine, after which it became known about his intention to sell his stake in TCS Group, which controls Tinkoff Bank. The deal took place on April 28: Vladimir Potanin's Interros announced the purchase of a 35% stake in TCS Group, owned by the Tinkov family.

In addition to selling a stake in Tinkoff Bank, the businessman has already sold other assets in Russia. Tinkov said in an interview that he sold two summer cottages included in the La Datcha project. “I owned two dachas in Kamchatka and in Astrakhan, now I have sold everything,” he said. “They were sold more or less at the market price, I won’t cry here.”

Tinkov with a quote from "Woe from Wit" said goodbye to Tinkoff Bank and Russia Business

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What Tinkov thinks about sanctions

The businessman called the sanctions imposed against him by the UK a technical and bureaucratic mistake. “My opinion is this: the British government made a profound mistake by imposing [against] me [sanctions]. As my lawyers said: “You will be the first to be removed from there, most likely, if it ever happens at all,” Tinkov said.

He hopes that the British authorities will "figure it out" and reverse the decision. “A year, two, three will pass, they will still take me out of there, because I am completely undeserved there. I never collaborated, didn’t belong, didn’t participate, as they say, ”added Tinkov.

The restrictions imposed by the British authorities, according to the businessman, had almost no effect on his life: he did not face the freezing of accounts in the UK or the seizure of property.

“I don’t have it (bank account. -) and never had it. I have never lived in London, this is a myth, I was treated in London. I spent a total of one and a half years in London, of which I spent a year in the hospital. I don't have any infrastructure in London at all, there are no houses there, I have nothing. Therefore, the asset freeze (freezing assets. -), which the UK (Great Britain. -) introduced on me, is so rather ephemeral. Oh, no, my plane is [detained]... But, you know, all Russian planes have been detained,” he said in an interview.

How the founder left the capital of Tinkoff Bank

According to Tinkov, he has repeatedly thought about selling a stake in TCS Group. The last offer, which was made before the start of the Russian military operation in Ukraine, was $725 million for 5% of the company, the businessman said. He refused, believing that the asset was worth more, but in March he again began to look for buyers.

Oleg Tinkov returned to plans to sell a stake in Tinkoff Finance

“The very beginning of March, trading resumed on the Moscow Exchange, the company was worth $8 billion. It cost three times less, because [earlier] it cost $22 billion, but still $8 billion. That is, my share, 35%, was more than $2 billion. And I thought that I would sell it with some kind of discount - maybe for $ 1.5 billion, ”Tinkov described the situation.

In an interview with The New York Times, Tinkov said he was forced to sell his stake in the bank "for a penny" after he made a public statement about events in Ukraine.

“I sold of my own free will, but the price was not the one I would like,” he explained in an interview with Dudyu. At the same time, according to the businessman, Tinkoff's top management received warnings about the risks of the bank's nationalization or the introduction of a temporary administration for further reorganization.

“They (customers. -) began to fuss and offer me some kind of junk money after the bank said that they were withdrawing the brand and they did not know me. Naturally, some people from the presidential administration called them (the management of Tinkoff. -), they immediately intimidated: “We will nationalize you now, we will introduce temporary management into the bank, because everyone cuts cards, they take out deposits from you, the bank may fall , and we will now introduce temporary management. And I understood that they would do it, they would introduce this temporary administration, as they introduced it in Otkritie. My managers call me: “Oleg, the bank is now being taken away, you are taking a risk,” the businessman said.

“It didn’t happen, it’s a fantasy. These facts are not true, ”a Tinkoff representative told RBC. RBC sent a request to the Bank of Russia.

Tinkoff Bank called Tinkov's words about Ukraine his personal opinion Politics

Tinkov did not disclose the exact price for which he sold his stake in TCS Group, citing a non-disclosure agreement signed with Interros. However, he said that he was paid "33 times less than he could have received."

As the entrepreneur noted, earlier his fortune was $9.4 billion, according to FORBES, and now it has fallen to about $0.2 billion.