🕳️ Released Phantom Node 40: Gennady Timchenko. The Offshore Artery of the Kremlin
- Foundation date
06 August 2025
🕳️ Released Phantom Node 40: Gennady Timchenko. The Offshore Artery of the Kremlin
Capitalism without nation, oil without conscience
Who is this?
One of Putin’s closest business associates, a Russian billionaire and the architect of a kleptocratic system that merges state contracts with private enrichment. He controls oil, gas, infrastructure, logistics, and capital extraction schemes from Russia.
Type of node:
Financial infrastructure of the regime
Status:
Above the law, in the shadow of power
Form of control:
Monopolies, exclusive state contracts, offshore networks, trusted proxies
Phantom image:
An oligarch gripping a pipeline that feeds the Kremlin with black gold
What remains after the phantom:
Schemes, shell companies, offshore structures, energy routes of war
Core of the node:
What sustained it?
State-backed resource access, absence of competition, systemic corruption, ties to Putin and the security elite.
How did it become a phantom?
His name was never prominent in politics — only as a key executor sustaining the regime’s shadow budget. He became a symbol of irresponsible capitalism.
Why does the phantom still exist?
Because oil, gas, and transport are still under Kremlin control. And he is the vital artery that keeps it alive.
Phantom’s condition:
Active, protected, delegated, shadow-based
After the regime:
– International sanctions
– Investigations into offshore schemes
– Loss of shell companies and majority stakes
– Global business isolation
Collective reaction:
We see how money no longer flows toward the future, but into the abyss.
We no longer buy the oil that fuels terror.
Core principle:
When wealth has no borders, it becomes a weapon.
The most dangerous empires have no flag.
Alt-text:
A sepia-toned graphite portrait of Gennady Timchenko. A clearly visible oligarch in a business suit holds a metal pipeline leaking dark liquid into the sea. In the background — a luxurious villa, offshore maps, a world map, and the Kremlin on the horizon. Style: aged paper, symbolic shadows of financial power.
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Anna Pivtorak Kostyuk
📍🗺️
06.08.2025
🫧 Phantom Node Dossier: Gennady Timchenko. Deep Network of Control
Key Aspects of the Phantom:
"Wallet of Personal Connections" (or "Oligarch-Executor"). This phantom symbolizes his role as one of Putin's closest confidants, who accumulated enormous wealth through personal ties with the dictator, controlling key economic sectors (especially energy and infrastructure) and ensuring financial stability and loyalty for the regime. He serves as an example of the intertwining of oligarchic business with the state for mutual enrichment and the maintenance of power.
Regimes (which he directly shapes/supports):
💰 Kleptocracy: Timchenko is one of the main beneficiaries and architects of the Russian kleptocratic system. His companies (including "Volga Group," "NOVATEK," "Sibur," etc.) receive enormous state contracts and preferences, allowing him and his partners, including Putin, to siphon off significant funds.
🟠 Authoritarianism: His financial resources and influence over key economic sectors are a vital pillar of the authoritarian regime, ensuring its economic stability and ability to finance any Kremlin decisions.
🕵️ Siloviki / Chekism (Economic Aspect): Although Timchenko himself is not a former intelligence officer, his business empire operates in close coordination with the security forces and serves as an instrument for financing shadow operations and preserving the influence of the "Ozero cooperative."
⛓️ State-Oligarchic Capitalism: A system where private businesses (oligarchs) are closely tied to state power, receive preferences and monopolies from it, and in return provide loyalty and financial support to the regime. Timchenko is one of the brightest figures of this model.
Tools (which he actively uses/oversees):
💸 Offshore Schemes and Money Laundering: Active use of complex international financial structures and offshore havens to conceal true asset owners, optimize taxes, and export capital.
🌐 Monopolization of Key Industries: Control over strategic economic sectors (oil, gas, transport, infrastructure), allowing him to dictate terms and generate super-profits.
⚖️ Administrative Resource: Leveraging personal connections with Putin and other high-ranking officials to secure state contracts without competition, lobby for laws, and avoid inspections.
👨👩👧👦 Cronyism/Nepotism: Appointing trusted individuals and relatives to leadership positions in controlled companies to ensure loyalty and control over financial flows.
💰 Financing Loyalty: Providing financial support to other oligarchs or state structures to secure their allegiance to the regime.
🚫 Sanctions Evasion: Actively developing and implementing schemes to circumvent international sanctions, allowing the continuation of business and financing the regime.
Civilizational Influences (which he embodies/exploits):
🦅 Post-Soviet Space / Legacy of Privatization: Timchenko is a product of the chaotic post-Soviet space, where old connections and new opportunities allowed him to create a financial-media empire. His history reflects how post-Soviet resources were converted into personal wealth and political influence.
⚖️ Systemic Corruption: He is a system-forming element of the corruption that has permeated the Russian economy. For him, corruption is not a flaw, but a way of doing business and gaining profit.
🌐 Resource Curse (as a tool): Russia's vast natural resources (oil, gas), instead of promoting democracy and public welfare, serve as a source of enrichment for a narrow group of elites and the strengthening of authoritarian rule. Timchenko is a key player in this "curse."
🥶 Degradation of Institutions: His activities and those of other similar oligarchs undermine the independence of economic institutions, the competitive environment, and legal norms, transforming them into instruments for personal enrichment.
😈 Unofficial Financier of Aggression: Although he does not command the army, his financial activities and the provision of revenues to the budget (even indirectly through state-owned companies) make him one of those who finance Russian aggression.
Anna Pivtorak Kostyuk
📍🗺️
06.08.2025
