Andrey Kostin

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Person.png Andrey Kostin  Rdf-entity.pngRdf-icon.png
(banker, deep state operative)
Andrei Kostin 2012.jpeg
BornSeptember 21, 1956
Alma materMoscow State University
Member ofWEF/Global Leaders for Tomorrow/1999
Russian banker and deep state operative. WEF/Global Leaders for Tomorrow/1999 with extensive ties to the WEF.

Andrey Leonidovich Kostin is a Russian banker, financier, public and political figure, candidate of economic sciences, president and chairman of the VTB Management board since June 10, 2002. [1]

He was selected a Global Leader for Tomorrow by the World Economic Forum in 1999, and is closely connected to the forum.

Education and career

1973 — enters the Department of Economics of Foreign Countries, Faculty of Economics, Moscow State University.

1979 — graduates with honors from the Faculty of Economics of Moscow State University with a degree in political economy which qualified him as an economist and teacher of political economy. He was immediately assigned to work abroad at the USSR Ministry of Foreign Affairs.[2]

1979—1982 — employee of the USSR Consulate General in Sydney (Australia).

1982—1985 — Secretary of the European Department of the USSR Ministry of Foreign Affairs.[3]

1985—1990 — employee of the USSR Embassy in Great Britain (London).

1990—1992 — First Secretary, Advisor to the European Department of the USSR Ministry of Foreign Affairs

Kostin, Russian President Vladimir Putin and Prime Minister of Singapore Lee Hsien Loong at the APEC Australia 2007
Kostin and Russian President Dmitry Medvedev at an opening ceremony of the Russian Commercial Bank in Cyprus in 2010

He is one of the most active representatives of the Russian banking sector and is a frequent guest on CNBC,[4] Fox News,[5] CNN,[6] BBC and Bloomberg TV channel. He has three times participated in the Charlie Rose show on Bloomberg television,[7] as well as the Hard Talk programme on BBC.

In 1996, Kostin for the first time took part in the World Economic Forum in Davos, at that time the main platform for communication between Russian entrepreneurship and foreign colleagues. Since then, he has been a permanent participant of the forum in Davos. [8]

In May 2017, Kostin suggested the Washington elite was purposefully disrupting the presidency of Donald Trump by spreading false accusations about his ties to Russia.[9]

In April 2018, the United States imposed sanctions on him and 23 other Russian nationals.[10][11]

In December 2018, the organizers of the Davos Forum "virtually refused" Kostin, Oleg Deripaska and Viktor Vekselberg to participate in the forum due to the imposition of American sanctions against them. The invitation to the three entrepreneurs was renewed only after the intervention of Russian Prime Minister Dmitry Medvedev , who threatened in connection with the scandal not to send an official Russian delegation to Davos.[12]

On January 22-4, 2018, during interviews at the WEF in Davos, Kostin again stated that additional sanctions against individuals or entities would be an "economic war".[13][14]

He is on the supervisory board of Post Bank.[15]

Corruption allegations

On April 4, 2019, the Vedomosti newspaper drew attention to the massive blocking of publications by Roskomnadzor on the Internet, most of which mentioned gifts from VTB bank president Andrei Kostin to Nailya Askerzade. In the interests of VTB, and by a court decision, Roskomnadzor blocked about 1000 publications.[16]

On December 2, 2019, FBK’s Alexei Navalny released an investigation about Kostin's relationship with Naila Asker-zade on YouTube. In this video Alexei Navalny accused Kostin of making gifts to journalist Nailya Asker-zade[17] (use of a business jet, yacht, house in the cottage village, two apartments, one of them directly from VTB, second from Kirill Zimarin, the head of a subsidiary of VTB in Cyprus) with proof from her Instagram account. Kostin, according to Navalny in his video clip, uses money belonging to the bank, 60.9% of which is state-owned, to buy luxurious real estate for his beloved. According to The Bell said that there is a link between VTB and the business jet, but not with the yacht, and that it is impossible to draw a conclusion about the owners of the plane and yacht, as well as who paid for the journalist's travels. On December 25, 2019, Kostin said that he would think about what actions to take about the investigation, and refused to comment.[18][19]

Personal life

According to official data, Kostin is married, has children and a grandson.[20]

His eldest son Andrey (1978–2011), worked as Deputy Chairman of the Board of Deutsche Bank in Russia. He died on July 2, 2011 during a trip on an ATV while on vacation in the Yaroslavl Region.[21][22][23][24][25][26][27]


Event Participated in

WEF/Annual Meeting/202021 January 202024 January 2020World Economic Forum
This mega-summit of the world's ruling class and their political and media appendages happens every year, but 2020 was special, as the continuous corporate media coverage of COVID-19 started more or less from one day to the next on 20/21 January 2020, coinciding with the start of the meeting.


  4. Russia Will Continue Bank Privatization: VTB's Kostin - CNBC
  5. Kostin: Russia Needs More Regulation - FOX News
  6. Russia's economic woes - CNN
  19. Роскомнадзор массово блокирует статьи о ВТБ и его президенте // Версия, 6 июня 2019 года
  21. Биография заместителя председателя правления Deutsche Bank Андрея Костина, Газета.ру, 04.07.2011
  25.Сын главы ВТБ Андрей Костин разбился на квадроцикле: 32-летний банкир погиб на отдыхе в Ярославской области

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