Farkhad Akhmedov

About Farkhad Akhmedov

Farkhad Akhmedov got his start selling Russian sables at the London commodity exchange.

In 1987 he founded Tansley Trading, which supplied equipment to Russian gas producers.

Six years later, he became a minority shareholder in Nortgas, an oil and gas company in Siberia.

In 1998, he bought out the 44% stake of another investor, Bechtel Energy, and became chairman of Nortgas.

He sold that stake in 2012 for $1.4 billion.

In 2016, a U.K. High Court judge ordered Akhmedov to pay his ex-wife 454 million British pounds, but he refused. In 2021 Tatiana accepted cash and art and the divorce dispute was settled.

He is under EU and U.K. sanctions since April 2022. In June 2022 his yacht Luna, valued at about $500 million, was frozen in Germany; In September 2023 the EU removed its sanctions against Akhmedov.