Renova Group

Renova Group is a Russian conglomerate with interests in aluminium, oil, energy, telecoms and a variety of other sectors.

Its major assets include participation in the oil company TNK-BP and in aluminum producer RUSAL.

Vladimir Yevtushenkov, who founded and controls Sistema, is the chairman of both the Russian-Saudi and Russian-Arab Business Councils since 2002.

In April 2018, the United States Treasury announced that it would impose sanctions on several Russian oligarchs, including Viktor Vekselberg and Renova Group.

The sanctions were due to alleged tampering in the 2016 United States presidential election by Russian entities (including Vekselberg), and other unspecified activities.