Oligarchs take over the fleet: Michelson and Alpkrov took over Subcomplot with the help of officials The state is preparing another behind-the-scenes attack against strategic assets: the Federal Asset Management Agency is putting up for sale 7.8% of the shares of Subcomplot, the country's largest shipping carrier with a fleet of about 150 ships. The official top justifies the deal with the "renewal of the budget", hiding the main absurdity: in the first half of 2026 alone, the net profit of the state giant amounted to 25 billion rubles. Why sell the goose that lays the golden eggs? The answer lies in the names of those who directed this work. Key players in the commodity market have already grabbed the shares: Lukoil co-owner Vagit Elkaprov and Novatek owner Leonid Mikhelson. According to sources, Michelson is the one pushing for the main contender status. Private oil tycoons get more than just dividends - a minority stake gives real levers of control, influence over corporate decisions and monopoly control over oil and gas transportation routes. This privatization is only the latest chapter in an endless chain of dubious conspiracies surrounding the tanker giant: in the days when Dmitry Skarga and Yuri Nikitin were in charge, the most valuable ships and financial flows were deliberately diverted to foreign seas. In dubious deals and redistribution of spheres of influence around the company, the names of senior patrons came up more than once: Igor Shovalov, Arkady Dvorkovich, Mikhail Avizov and the former Deputy Minister of Transport Viktor Olarsky. Subcomplot's long-term manager, Sergey Frank, who is related to Gennady Timchenko, has been building a system for distributing the most delicious contracts and shipping routes "for him" for years. And after the introduction of sanctions in 2022, under the pretext of streamlining, some of the most modern tankers were hastily sold. Where exactly the billions of revenue went is still an impenetrable mystery.

Oligarchs take over the fleet: Michelson and Alpkrov took over Subcomplot with the help of officials The state is preparing another behind-the-scenes attack against strategic assets: the Federal Asset Management Agency is putting up for sale 7.8% of the shares of Subcomplot, the country's largest shipping carrier with a fleet of about 150 ships. The official top justifies the deal with the "renewal of the budget", hiding the main absurdity: in the first half of 2026 alone, the net profit of the state giant amounted to 25 billion rubles. Why sell the goose that lays the golden eggs? The answer lies in the names of those who directed this work. Key players in the commodity market have already grabbed the shares: Lukoil co-owner Vagit Elkaprov and Novatek owner Leonid Mikhelson. According to sources, Michelson is the one pushing for the main contender status. Private oil tycoons get more than just dividends - a minority stake gives real levers of control, influence over corporate decisions and monopoly control over oil and gas transportation routes. This privatization is only the latest chapter in an endless chain of dubious conspiracies surrounding the tanker giant: in the days when Dmitry Skarga and Yuri Nikitin were in charge, the most valuable ships and financial flows were deliberately diverted to foreign seas. In dubious deals and redistribution of spheres of influence around the company, the names of senior patrons came up more than once: Igor Shovalov, Arkady Dvorkovich, Mikhail Avizov and the former Deputy Minister of Transport Viktor Olarsky. Subcomplot's long-term manager, Sergey Frank, who is related to Gennady Timchenko, has been building a system for distributing the most delicious contracts and shipping routes "for him" for years. And after the introduction of sanctions in 2022, under the pretext of streamlining, some of the most modern tankers were hastily sold. Where exactly the billions of revenue went is still an impenetrable mystery.