[1][4][6] According to Sergei Kolesnikov, Shamalov refused to answer questions by Siemens internal investigators about money laundering, corruption, and bribery.
[12] Andrey Kolesnikov, a biophysicist from the Polytechnic Institute, formed a cooperative to manufacture medical equipment for Petromed.
[12][13][14] However, Shamalov greatly inflated the purchase price of the medical equipment and then funneled 33% of the money to offshore accounts.
[17] Later, Gorelov, Kolesnikov, and Shamalov used the funneled money, which they obtained as overcharges to Petromed, to purchase shares in Rossiya Bank, Vyborg Shipyard, and other entities.
[13][14][17] On 10 November 1996, he was a founding member of Vladimir Putin's closed gate community, the cooperative Ozero.
[6][13][14][15][23][31] To finance "Putin's Palace", Shamalov's expertise in selling medical equipment through Siemens in St Petersburg was essential in obtaining several hundreds of millions of dollars out of the $1 billion intended for Russian healthcare improvements.
[10][33][34] In 2011, to support the Russian Defense Ministry, Roscosmos, and ROSATOM,[f] he and Oleg Sharykin formed the joint company Ceramic Technologies (Russian: совместную компанию "Керамические технологии")[g] which has two main projects: (1) the creation of silicon carbide pencil boxes for the long-term storage and disposal of highly radioactive nuclear waste in underground sites and (2) the development and production of silicon carbide optical blocks in telescopes and sensors used in remote sensing surveillance satellites, which also can detect asteroid hazards and explore deep space.
[33] Ceramic Technologies is a member of the Lebedev Institute of Physics (FIAN) through the Troitsk Technopark (Russian: Троицкий технопарк ФИАН)[36] and the Skolkovo Foundation but receives no investment and no funding from either.
[42][43][44][45][46][47][h] Some of this money was transferred from Sergei Roldugin's Sandalwood Continental Ltd to Ozon LLC[i] to purchase and develop the Igora ski resort.
[54] As of January 2019, Shamalov and Yuri Kovalchuk through their ownership of Rossiya Bank have become the most important investors in Russia's development of its illegal annexation of Crimea during the ongoing Russo-Ukrainian War.
[59] Because of the ongoing Russian interference in Ukraine and Shamalov's close personal relationship's with Vladimir Putin, Shamalov has been under sanctions by the European Union since 30 July 2014, Liechtenstein since 31 July 2014, Canada since 2 August 2014, Switzerland since 27 August 2014, Australia since 2 September 2014, and Ukraine, since 17 October 2016.
[40][60][61][62][63][64] These sanctions both freeze his assets in the European Union, Liechtenstein, Switzerland, Ukraine, Canada, and Australia, and also restrict his travel rights.
[69] Kirill Shamalov (born 22 March 1982 in Saint Petersburg) is a deputy chairman on SIBUR's management board, a vice-president of Sibur Holding,[n] which is a Russian gas processing and petrochemicals company headquartered in Moscow, and was married to Putin's second daughter Katerina Tikhonova from 2013 to 2018.