Property and offshores of Alexey Ulyukaev 

Property and offshores of Alexey Ulyukaev
The Head of the Ministry of Economic Development and Trade Alexey Ulyukaev in a wristwatch worth 78 thousand dollars

The Head of the Ministry of Economic Development is suspected of extortion and accepting a bribe of $ 2 million from the Rosneft representatives.

Income declaration

As it is known, Ulyukaev was appointed the Head of the Ministry of Economic Development in mid-2013 after he had served in the Central Bank. There he had been working for 9 years as the first Deputy Head of the Central Bank. According to the anti-corruption decrees, since 2012, he was to report on his income. However, declaration of the Bank of Russia for 2012 on the official website does not include Ulyukaev’s name. Yet it was the year, when journalists attracted public attention to his wristwatch Patek Philippe Chronograph Annual Calendar ref.5960 worth 78 800 dollars. After his transfer to the Government, the information on the Minister’s income was published regularly.

Patek Philippe

Patek Philippe Chronograph Annual Calendar ref.5960

In 2013, Alexey Ulyukaev owned 7 subsidiary plots, total area of which was 102.6 hectares. The same declaration included information on his wife’s ownership of five land plots and two houses in Crimea. The total area of the land plots on the peninsula belonging to Ulyukaev’s wife was 1.81 hectares and the area of the houses was 411.6 square meters. Income of the Minister for 2013 was 80.4 million rubles, and his wife - 5.3 million rubles, according to the declaration. 

After Crimea became a part of the Russian Federation in 2014, Ulyukaev lost his overseas property. To be more precise, the property remained, but it became Russian-registered formally. The financial situation of the Ulyukaevs was not stable that year: together they earned 51.5 million rubles. But new land plots appeared, the total area of which was 110 hectares. In 2015, financial status of the family was better. The area of ​​land increased to 160 hectares, and the joint income reached 75 million rubles. The Minister and his wife owned a Land Rover Range Rover, Lexus RX, Lada 212140 (NIVA) and a trailer. The last three vehicles officially belonged to his spouse.


Ulyukaev was a figurant of the scandalous Panama Papers. According to the documents released by Mossack Fonseca, he was owner of the Ronnieville Ltd. Company, registered on the British Virgin Islands, in the period from November 2004 to May 2009. The offshore company officially belonged to a 20-year-old son of then First Deputy Head of the Central Bank of Russia, just in the same period when Alexey Ulyukaev was transferred from the Ministry of Finance.

Из архива Mossack Fonseca

The amendment to the Federal Law №115-FZ on prohibition of the right of civil servants and politicians family members to possess foreign assets entered into force only in 2013. However, in 2006 the owner of the Ronnieville Ltd. Company changed, as the offshore was re-registered on the name of Yulia Khryapina. According to some reports, the native of the Crimean Region, is a new wife of the Minister of Economic Development and Trade. This is why among property of the official, who always lived in Moscow, there are 5 land plots and 2 houses in Crimea, belonging to his wife.

Улюкаев с женой и дочерью

Alexey Ulyukaev with his wife Julia and newborn daughter Alexandra, March 2010. Photo: Andrey Zamahin

Moreover, Yulia Khryapina is included in the list of the Institute for Economic Policy n.a. E.T. Gaidar as a researcher. Earlier, Alexey Ulyukaev was the deputy director of the organization. 

It is worth noting, the Ronnieville Ltd. Company was dissolved in May 2009. Perhaps the offshore was transferred to other places, yet the information on it was not included in the Panamagate documents. Alexey Ulyukaev was appointed the Minister of Economic Development and Trade on June 24, 2013. There was no information on the Minister’s family offshores Mossack Fonseca's documents for the last several years. 

Alexey Ulyukaev’s detention was connected with the large-scale anti-corruption compaign held by the FSB. Earlier, the intelligence agencies have conducted a series of arrests of the high-ranking officials of the MIA and the ICR. Among the Government officials detained was the Deputy of the Ministry of Culture Pirumov. It was an unprecedented case of detention of an official of such a high level.



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