Alexander Temerko

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Alexander Temerko

Alexander Viktorovich Temerko is a Soviet-born British businessman in the energy sector, currently a director of the British company Aquind Limited. Previously, he was director and deputy chairman of the British company OGN Group.[1] When in Russia, he held senior posts in the Russian Defence Ministry in the 1990s and, from 1999, was a senior executive and director at the Russian oil and gas company Yukos. He has resided in the United Kingdom since 2004.[2] He became a British citizen in 2011.[3]

Temerko is a member and advocate of the UK Conservative Party. He has donated more than £1.3 million to the party.[3][4][5] He is also a member of the advisory council of right-wing think tank the Institute of Economic Affairs.[6] In November 2019, he called for the publication of the Intelligence and Security Committee of Parliament′s report ("The Russia report") on Russian influence in British politics. In connection with the report, Temerko has denied he has ties with the Kremlin.[7]

Biography[]

Temerko was born in the Ukrainian Soviet Socialist Republic (present-day Ukraine, then a part of the Soviet Union) on 9 September 1966.[8]

In 1987, he graduated from the Moscow Institute of Electronic Machine Building (MIEM). He also graduated from the Institute of Public Administration in 1999.[9] He began his career in the field of environmental science, initially as the chief engineer of capital construction at the State Committee of the USSR on Environmental Protection, and then as director of the Department of Environmental Protection under the Ministry of Forestry.[10]

During the events preceding the dissolution of the USSR, Temerko became a prominent figure in the team of Boris Yeltsin.

From early 1992, he held a series of positions in Russian state agencies under the Defence Ministry in charge of supplies and armaments.[2]

From 1999, he held executive positions in the Russian oil company Yukos. In 2003, upon the arrest of Yukos CEO Mikhail Khodorkovsky, Temerko became the company's vice president. He was in charge of interaction with state bodies. He resigned from the post on 15 March 2005.[11][12]

Temerko also served as a Director and vice chairman of the Newcastle-based OGN Group, a provider of engineering and construction services in offshore oil and gas and renewable energy companies.[13] Among its clients were Apache, EnQuest, ConocoPhillips and others. The company management publicly called the UK government to support British supply chain in the oil and gas and renewable developments.[14][15]

In 2016, Temerko was appointed as a director at Aquind, which mounted a bid that was later rejected to build a $1.4 billion power link between the United Kingdom and France,[16][17] with power equivalent to 5% or 3% of British and French consumption respectively.[18]

Flight to London, criminal prosecution and extradition case[]

See also: Yukos

Temerko fled to London shortly after he was examined by criminal investigators in October 2004.[19] In May 2005, Russian prosecutors charged Temerko with having stolen shares in the oil company Yeniseineftegaz, forgery, and perverting the course of justice.[20]

Russia's bid to have Temerko extradited from the United Kingdom failed as Judge Timothy Workman in December 2005 ruled: "I have come to the conclusion that the motivation for the charges against Mr Temerko are inextricably entwined with the motivation for the prosecution of Mr Khodorkovsky. I therefore find that the prosecution of Mr Temerko is politically motivated and the request for his extradition is made for the purpose of prosecuting or punishing him on account of his political opinions."[19]

Temerko himself alleged that the motivation of the Russian state's assault on Yukos was president Vladimir Putin's desire to silence those who challenged him politically.[21] The ruling on his extradition case was in line with a dozen other similar cases of former Yukos employees who absconded to the UK.[19]

Views and political activism in the UK[]

Temerko's views on Russia's economy and the Yukos affair were cited by the Financial Times in the late 2000s.[22][23][24] He himself contributed articles on the Russian oil industry developments to outlets such as The Observer and The Wall Street Journal.[25][26]

Temerko is a member of, and major donor to, the British Conservative Party where he is a member of the Leader's Group. He also actively supports local Party associations in the North-East England where his company is based and Cities of London & Westminster association where his office and residence are located.[27][5] He has commented on the impact that developments in politics and business would have on the North-East, in particular regarding the North Sea.[28]

Temerko is a member of Carlton Club, a private member's club in London, where he donated a £90,000 bust of David Cameron.[29]

Temerko regularly criticizes President Vladimir Putin of Russia and his policies in the media, including over the conflict in Ukraine.[30]

During the 2014 Scottish independence referendum, Temerko publicly supported the campaign for Scotland to remain in the United Kingdom. He has publicly voiced his support for Britain to remain in the European Union.[31] After the Referendum, Temerko advocated for a soft Brexit or even a general election, rather than a "no-deal" Brexit.[32] Le Monde quoted Temerko as stating that the most sensible solution for London would be to stop the Brexit process and support the French through reforming the European Union.[33] In August 2019, Temerko suggested that an extension of Article 50 or a second referendum were the only option to avoid the "unfolding travesty" of a no-deal exit on 31 October.[34]

During the 2019 Conservative leadership campaign, Temerko supported Jeremy Hunt. The Daily Telegraph quoted Temerko as saying that the other leading candidate, and now leader of the Conservative Party, Boris Johnson, remained a "friend", but he was being "held hostage" by the European Research Group of Brexiteer MPs.[35] Temerko was also quoted by the Huffington Post as saying that the choice between Hunt and Johnson was one of "populism" against "professionalism".[36]

He has advocated for greater support for British manufacturers.[37] Temerko has particularly emphasised the role of interconnectors in the energy market in spite of Brexit proceedings, due to the increased volatility caused by increased reliance on renewable sources.

In July 2019, Temerko was quoted by Reuters, based on a series of interviews with him conducted in the course of three years, as applauding Brexit, endorsing Boris Johnson's bid to lead Britain out of the EU, lauding senior Russian security officials (including the current and former heads of the Federal Security Service such as Nikolai Patrushev), and proudly recalling his past work with Russia's Defence Ministry during the Yeltsin era.[5]

Aquind Interconnector planning rejection[]

The Aquind Interconnector was a proposed power link between the United Kingdom and France.[38] On 20 January 2022, the UK Business Secretary refused consent for the proposal,[39] citing concerns including the impact on the local community facilities at the location of the UK connection point, and the alternative possibilities at other sites.[40]

Awards[]

Temerko has received Witte's gold medal "For Thoughts and Deeds", established by the Congress of Russian Business People.[9] He received the medal of For Merit to the Fatherland of II degree and the Defender of Free Russia in 1993,[41] and was also formally recognised and thanked by the president of the Russian Federation for his contribution towards ensuring the holding of the 100th conference of the Inter-Parliamentary Union in 1998.[42]

References[]

  1. ^ "Board of Directors: OGN Group". Archived from the original on 21 February 2011. Retrieved 28 July 2011.
  2. ^ a b Темерко Александр Викторович. Kommersant, 16 March 2005.
  3. ^ a b £43 million given to Conservatives by members of exclusive Cameron dining club. The Daily Telegraph, 23 January 2014.
  4. ^ "Tory donor Alexander Temerko calls for Russia report to be published". The Guardian. 17 November 2019.
  5. ^ a b c Belton, Catherine (19 July 2019). "In British PM race, a former Russian tycoon quietly wields influence". Reuters. Retrieved 19 July 2019.
  6. ^ "Advisory Council". Institute of Economic Affairs. Retrieved 26 September 2019.
  7. ^ Harding, Luke (17 November 2019). "Tory donor Alexander Temerko calls for Russia report to be published". The Guardian. ISSN 0261-3077. Retrieved 19 November 2019.
  8. ^ "AQUIND LIMITED-People". Companies House. Retrieved 13 September 2019.{{cite web}}: CS1 maint: url-status (link)
  9. ^ a b "Темерко Александр Викторович". www.kommersant.ru (in Russian). 16 March 2005. Retrieved 26 September 2019.
  10. ^ "About". Alexander Temerko.
  11. ^ "ЮКОС разорвал отношения с государством по собственному желанию Александра Темерко". Kommersant. 16 March 2005. Archived from the original on 2012-01-29.
  12. ^ "YUKOS Broke Relations With the State - Kommersant Moscow". Archived from the original on 29 January 2012. Retrieved 28 July 2011.
  13. ^ Tighe, Chris (5 February 2015). "Ukraine donor mixes business with politics in northeast England". Financial Times. Retrieved 23 September 2019.
  14. ^ McCusker, Peter (9 November 2016). "Newcastle offshore boss says 'the Government is betraying British industry'". nechronicle. Retrieved 23 September 2019.
  15. ^ "Oil rig built in Newcastle sets sail for North Sea". Financial Times. 29 May 2013. Retrieved 23 September 2019.
  16. ^ Ward, Andrew (15 January 2018). "Our friends electric: interconnection and Brexit". Financial Times. Retrieved 13 September 2019.{{cite web}}: CS1 maint: url-status (link)
  17. ^ "Aquind confident on $1.4 billion France-UK power link despite Brexit". Reuters. 6 March 2017. Retrieved 17 September 2019.
  18. ^ "Aquind calls for 2 GW UK-France power link bids | S&P Global Platts". www.spglobal.com. 3 June 2019. Retrieved 17 September 2019.
  19. ^ a b c Judge refuses to extradite Russian former oil chief. FT, 23 December 2005.
  20. ^ Обвинение на случай оправдания / Александра Темерко обвинили заочно. Kommersant, 14 May 2005.
  21. ^ No extradition for Yukos official. BBC, 23 December 2005.
  22. ^ Catherine Belton. Yukos chiefs lied to us, claims PwC. FT, 26 June 2007.
  23. ^ Catherine Belton. The man who wants to buy back Russia. FT, 19 December 2007.
  24. ^ Catherine Belton. Mind your own business, Russia tells west. FT, 28 December 2010.
  25. ^ How Russia and its allies will be able to turn up The Observer, 8 April 2007.
  26. ^ Alexander Temerko. Rosneft Buyer Beware. 25 May 2006.
  27. ^ Pearson, Adrian (26 January 2014). "Tory donors flooding the North with cash to kick-start election battle". The Chronicle. Trinity Mirror North East. Retrieved 24 March 2016.
  28. ^ Macalister, Terry (31 August 2014). "Leading oil industrialist accuses BP of spurning its lead role in the North Sea". The Guardian. ISSN 0261-3077. Retrieved 23 September 2019.
  29. ^ Harding, Luke; Booth, Robert (1 July 2014). "Tory ball where ministers and City's richest mingled but bubbly was banned". The Guardian. ISSN 0261-3077. Retrieved 20 September 2019.
  30. ^ Temerko, Alexander (11 March 2015). "Britain should arm Ukraine, says Tory donor". The Guardian. ISSN 0261-3077. Retrieved 20 September 2019.
  31. ^ Temerko, Alexander (4 July 2016). "Under Theresa May, the Tories can put national unity first and save the EU from disaster". The Telegraph. ISSN 0307-1235. Retrieved 16 September 2019.
  32. ^ Elliott, Francis (20 October 2018). "Election better than no deal Brexit, top donor Alexander Temerko tells No 10". The Times. ISSN 0140-0460. Retrieved 16 September 2019.
  33. ^ "Alexander Temerko : « La solution la plus sensée pour Londres serait d'arrêter le processus du Brexit »". Le Monde. 23 May 2019. Retrieved 16 September 2019.{{cite web}}: CS1 maint: url-status (link)
  34. ^ Temerko, Alexander (14 August 2019). "Brexit in a blaze of no-deal glory would leave the climate, consumers and the Tories worse off". The Telegraph. ISSN 0307-1235. Retrieved 16 September 2019.
  35. ^ Bennett, Asa (14 June 2019). "Boris Johnson shunned by top Tory donor over his no-deal vow and backs Jeremy Hunt for PM". The Telegraph. ISSN 0307-1235. Retrieved 20 September 2019.
  36. ^ Temerko, Alexander (3 July 2019). "Johnson And Hunt: A Choice Between Populism And Professionalism". HuffPost UK. Retrieved 20 September 2019.{{cite web}}: CS1 maint: url-status (link)
  37. ^ "Business interview: Alexander Temerko of OGN". The Journal.
  38. ^ "AQUIND Interconnector – Linking French & British Electric Power Grids". Retrieved 2022-01-20.
  39. ^ "Aquind cross-Channel cable permission refused by government". BBC. 20 January 2022. Retrieved 20 January 2022.
  40. ^ "Secretary of State Decision Letter" (PDF). National Infrastructure Planning. 20 January 2022. Archived (PDF) from the original on 2022-01-20. Retrieved 20 January 2022.
  41. ^ "Указ Президента Российской Федерации от 18.03.1993 г. № 365". Президент России (in Russian). Retrieved 26 September 2019.
  42. ^ "Распоряжение Президента РФ от 28.12.1998 N 472-рп". rulaws.ru. Retrieved 26 September 2019.

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