The financial corporation "BIN", being the official agent of the government of Ingushetia, was engaged in the registration of enterprises in the zone of economic favor.

[citation needed] However, in August 1997, in order to complete the construction of ZEWI facilities Gutseriev created the Center for Entrepreneurship Development (CED).

In addition, thanks to the efforts of the CED, the construction of a number of residential buildings and the government complex in Magas were completed, and other social and industrial facilities were built.

In 1996 Mikhail Gutseriev initiated, developed and proposed for consideration of the State Duma a regulation on establishing a "Center for International Business", a standard offshore zone for non-residents.

The economic crisis of 1998, a strong decline in the Ruble exchange rate, and further default made the government suspend the effect of the law which has been in a "sleeping mode" so far.

[23] In 2002 the stocks of Slavneft were sold to Sibneft Consortium (now Gazpromneft) and Tyumen Oil Company for US$1.86 bn, and Gutseriev established and became a head of OJSC NK "RussNeft" in 2002.

[citation needed] In 2006 he was accused of tax evasion, forcing him to sell RussNeft at a fraction of its value, before fleeing to London, due to fears of persecution and legal repercussions in Russia.

[24] In the end of July 2007 Gutseriev in an open letter announced that authorities made an unprecedented pressure on him, and he was forced to sell RussNeft to the Basic Element holding, owned by loyal to the Kremlin Oleg Deripaska.

[25][26] On 28 August 2007 The Tverskoy court of Moscow issued arrest warrant in absentia for Gutseriev, meeting the request of the Investigative Committee under the Ministry of Internal Affairs.

[29] On 16 October 2007 Gutseriev applied for political asylum to the Border and Immigration Agency of the Home Office[30][31] but this information was officially refuted.

[32] Near the end of October 2010, the Investigative Committee varied the preventive measure for Gutseriev from arrest in absentia on undertaking not to leave his usual place of residence.

[39] After the European Union introduced sanctions against Gutseriev in 2021, he resigned from the board of directors of RussNeft, and sold control in Neftisa to his younger brother Sait-Salam.

[40][41] Between 1996 and 2006, Gutseriev played a key role in helping the Russian special services to release a large number of hostages kidnapped in the North Caucasus by various criminal groups.

Amirkhanov, M. S. Gutseriev, being at that time the Vice-Speaker of the State Duma, "was the principal liaison in all negotiations and all special operations for the release of hostages."

Gutseriev also "played a decisive role" in the release of Stanislav Taslitsky, the head of the construction of a water pipeline in Ingushetia, and the banker Viktor Morgun, from the captivity.

[49][50][51] Being aware of his successful experience of the hostages release, officials of the Ministry of Internal Affairs of Russia appealed to Gutseriev to help organize the negotiation process.

[42] In addition, it is known about the participation of M. Gutseriev in organizing the release from captivity of the captain of the Russian Armed Forces Vitaly Korotin, major of the North Caucasian RUBOP of the Ministry of Internal Affairs of the Russian Federation Vitaly Khapov and five employees of the regiment of the patrol and guard service of the Ministry of Internal Affairs.

[42] In early 1999, S. Stepashin asked Gutseriev to help rescue the servants of the Russian Orthodox Church, Peter Makarov and Sergei Potapov.

[42] In 1999, during the assault of Grozny by the armed forces, Gutseriev managed to agree with war lords upon the evacuation of about 90 people living in a nursing home in the Staropromyslovsky district of the capital of the Chechen Republic.

Nevertheless, according to the conclusion of the commission for evaluation of the operational headquarters actions, "the involvement of reputable members of the Ingush diaspora Gutseriev and Aushev in the negotiations was a timely measure, adequate to the current situation".

[42] In 2006, at the request of the authorities, Gutseriev was again involved in the negotiation process and helped to release a member of the Ingush parliament, Magomed Chakhkiev.

[42] For many years of work on the release of kidnapping and hostage-taking victims, Gutseriev was repeatedly offered various state orders and medals, but he always refused them with the words: "I just fulfilled my civic duty.

Within the period from 2015 to 2020 Safmar was joined by large electronic retailers M.Video and Eldorado,[53] coal mining enterprises Kuzbasskaya Toplivnaya Company,[54] Krasnoyarskrayugol, etc., oil companies (Sladkovsko-Zarechnoye located in Orenburg region[55]), refineries (Afipsky Refinery[56]), a number of construction and development holdings (A101), major logistics operators (MLP, etc.

In 2005 in order to increase export opportunities, RussNeft, established by Gutseriev, built an oil loading railway terminal in Bryansk region to deliver raw materials to Belarus, Ukraine, the Baltic States and Eastern Europe.

The agreement also provides commitments to invest $250 million into social and economic infrastructure projects of Belarus, some of which, worth $180 million, have already been implemented: the Renaissance hotel, managed by the American company Marriott, the office center, business aviation terminal in major airport and Krasnoselskoye recreation estate for personal needs and recreation of employees.

[citation needed] In 2010 Gutseriev became the key player in the broadcasting market of the Russian Federation, owning a total of eight Media and Radio stations.

[58] In January 2017 Mikhail Gutseriev became an owner of Bridge Media Group, one of the largest television holdings of the country that includes number of the popular music channels.

He also acted as a producer for Ani Lorak DIVA show, The Wight Swan and Anna Karenina films, REKA FEST festivals and BRIDGE TV NEED FOR FEST in Turkey, produced Russian national football team hymn, Grammy Award exhibition in Russia and other projects.