Kai Paananen

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Kai Paananen
Born
Kai Paananen

1954 (age 67–68)[1]
Lappeenranta, Finland[1]
NationalityFinnish

Kai Paananen (born in 1954) is a Finnish businessman who owns the oil brokerage company SET Petrochemicals and the consulting company Southeast Trading. Both companies are on the U.S. sanctions list, which is intended to limit the ability of individuals and companies close to President Vladimir Putin to operate. Paananen himself has also been known to be the only native Finn on this list since 2015[1][2]

History[]

Paananen met businessman Gennady Timchenko in the 1980s. He represents Timchenko on the board of the holding company of Hartwall Arena. SET Petrochemicals has financed the operations of the Center Party of Finland and Sauli Niinistö's presidential election campaign. SET Petrochemicals is also the largest owner of the charter airline . Airfix Aviation is on the US sanctions list.[2]

In the early 2000s, Southeast Trading consulted the Russian company on the establishment of a planned tourist village on the Big Island.[3] Paananen has also been the owner of the Karelia Trade store, which operated from 1978 to 1998 and employed at best 500 people in Finland and Russia. Paananen has also been the managing director of a private border crossing point in Uukuniemi from 1993 to 2007, which is the only private border crossing point on the Russian-Finnish border.[1]

References[]

  1. ^ a b c d Salovaara, Outi (18 December 2020). "Idän uskottu mies" [A man entrusted to the East] (in Finnish). Suomen Kuvalehti. pp. 24–30. {{cite web}}: Missing or empty |url= (help)
  2. ^ a b Hänninen, Jyri (23 December 2015). "Verkko Timtšenkon ympärillä kiristyy – pakotteet painavat Jokereitakin" [The network around Tymoshenko is tightening - sanctions weigh on Jokers too] (in Finnish). Yle Uutiset. Retrieved 27 December 2015.
  3. ^ Länsi-Savo 8 June 2002 p. 15. Retrieved 8 February 2016.


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