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The proceeds of the “Putin’s daughters” fund since its incorporation have reached almost 6 billion rubles. This is the annual budget of the capital of Khakassia.

 

The revenue of the National Intellectual Development Foundation, operating under the Innopraktika brand and headed by the alleged daughter of the Russian president, Katerina Tikhonova, grew by 14.6% over the year and amounted to 584.2 million rubles in 2020. This information was found by Open Media on the website of the State Information Resource for Accounting (Financial) Statements (BFO).

This is Innopraktika’s record for all nine years of its operation. In total, since 2013, the fund’s income from commercial activities has reached 2.57 billion rubles.

But already this year, the income of the Tikhonova fund may noticeably decrease.The fact is that in 2020 Innopraktika concluded unexpectedly few new contracts for research work with state-owned companies – its main commercial customers: only 137.8 million rubles. This is almost two times less than a year earlier, Open Media calculated earlier. Almost the only customer of the fund was a subsidiary of Rosatom, Atomenergoprom.

Innopraktika received another 514.2 million rubles in 2020 as voluntary contributions and donations – to conduct statutory activities and “implement projects and programs.” Receipts decreased by 11.4% compared to 2019, when they amounted to 580.5 million rubles. Thus, the fund’s total income last year amounted to slightly less than 1.2 billion rubles.

Over the entire period of its existence, Innopraktika has already received 3.3 billion rubles of such contributions, Open Media calculated. According to the reports that the foundation submits to the Ministry of Justice as a non-profit organization (the latest available report is for 2019), the foundation does not receive money from the budget, but hundreds of billions of rubles are annually transferred to it by Russian citizens and organizations.

Thus, since 2013, the Tikhonova Foundation has received almost 6 billion rubles from all sources. So much cost, for example, the construction of the Main Temple of the Ministry of Defense in Kubinka near Moscow. This is comparable to the budget of the capital of Khakassia, the city of Abakan: in 2021, city budget revenues should amount to 5.6 billion rubles, expenses – 5.9 billion rubles.

The Board of Trustees of Innopraktika includes Rosneft CEO Igor Sechin, Gazprom CEO Alexei Miller, Rostec CEO Sergei Chemezov, Transneft President Nikolai Tokarev and others.

The Innopraktika Foundation was established by Moscow State University (MSU) in December 2012.Since its inception, it has been led by Katerina Tikhonova, who was described by Reuters and Bloomberg (1, 2) as the daughter of Russian President Vladimir Putin. The president himself neither confirmed nor denied this information. At a big press conference in December 2019, when asked about the business projects of his daughters, he advised journalists to better understand “what kind of business they have there and whether they even have one.”

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Treadstone 71

@Treadstone71LLC Cyber intelligence, counterintelligence, Influence Operations, Cyber Operations, OSINT, Clandestine Cyber HUMINT, cyber intel and OSINT training and analysis, cyber psyops, strategic intelligence, Open-Source Intelligence collection, analytic writing, structured analytic techniques, Target Adversary Research, cyber counterintelligence, strategic intelligence analysis, estimative intelligence, forecasting intelligence, warning intelligence, threat intelligence
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