IGORA, Russia (Reuters) – The wedding party dominated a ski hotel set on the hills in the an enthusiastic hour’s drive north from St. Petersburg. No bills try conserved and everyone are sworn in order to secrecy.

The fiance wore a lengthy pearl-tinted bridal dress, the new groom used a dark overcoat, said someone which attended. The newest newlyweds was basically Katerina, young daughter of Russian Chairman Vladimir Putin, and you may Kirill Shamalov, boy of a classic pal regarding Putin.

The matrimony celebrations taken place in , at Igora, a tiny skiing lodge that mixes beauty and discretion, five individuals who are there informed Reuters. Put amid woodland having a scenic river, the resort is actually co-owned by the family away from Yuri Kovalchuk, another dated pal of Putin, and you can a great Cyprus company that have undisclosed investors.

Anyone who went to the big event said teams was basically informed the latest bride and groom were named Kirill and you may Katerina, and this site visitors dressed in white jewelry padded towards the letters “K&K” for the purple thread. Whenever shown a photo out of a blackfling stronka lady also known as Katerina Tikhonova, the source known the woman once the bride-to-be. Tikhonova is actually Putin’s more youthful girl, as the Reuters verified in November.

The couple rode into the a traditional Russian sleigh removed because of the around three white ponies, said among experts whom explained the scene so you can Reuters

“Shields have been trailing the part, (they) failed to let individuals close to the occasion,” told you a personnel during the hotel, which includes a deluxe salon advanced. “However, we understood it was Kirill and you will Katerina – Putin’s girl – remembering marriage.”

During the wedding, Kirill – a large, dark-haired kid having rimless glasses – is actually a promising celebrity away from Russian company, but nevertheless just 30. His fortunes began to increase appropriate their relationship towards president’s girl, a competitive acrobatic dancer who is today assisting to supervise an excellent $1.eight billion (step one mil lbs) expansion regarding Moscow Condition College.

Within eighteen months, Kirill obtained an enormous amount from shares inside the a major Russian oils and you may petrochemical processor entitled Sibur – a stake now worth a projected $2.85 million, in line with the worth of previous show income. He along with stop their employment due to the fact a corporate movie director and place right up a buddies to perform his or her own investments.

How did such a young businessman go at this point, so fast? A good Reuters study of Shamalov’s job suggests that during the summer regarding 2013, days shortly after the guy married Putin’s daughter, Kirill exposed discussions regarding to purchase shares in the Sibur from 1 of the president’s richest nearest and dearest.

Their career and you may organization commonly from inside the sphere interesting of your Kremlin

A year later, he had been able to borrow more than $1 million, judging by the fresh new wrote membership away from his resource providers. The mortgage originated in a bank lead from the another longtime user from Putin, and you can in which Shamalov’s sibling retains an elderly status. The bucks was utilized and work out an investment for the Sibur one within this weeks proved extremely winning to own Kirill.

The new trajectory regarding Kirill’s luck falls out new-light how individuals close to Putin have chosen to take commanding ranking inside the secret organizations – and exactly how such as for example opportunities are now being expanded to some other age group. Such as the marriage, much of which transfer from riches enjoys occurred off public analysis.

Vladimir Milov, an old Russian deputy time minister and now an opposition campaigner, said Putin’s family members got acquired major assets with lenders which have hyperlinks to the county, including Gazprombank.

“It’s most low-clear, so it is difficult to get in order to and you will judge new realities of one’s loan preparations,” Milov told you. “They consider Gazprombank the pocket financial.”

Asked about the wedding celebrations and company product sales, Dmitry Peskov, spokesman to the Russian chairman, said: “Putin’s daughters aren’t doing work in politics otherwise company. The brand new entrepreneur, Shamalov, is well known. As much as our company is alert, the his things come in line to your statutes of the Russian Federation. For decades he’s held it’s place in the treating the providers Sibur, and you can with other senior managers are a stockholder. We really do not bring statements to your personal existence regarding Putin’s romantic relatives.”