Renova Group is a Russian conglomerate with interests in aluminium, oil, energy, telecoms and a variety of other sectors. The main owner and president is Viktor Vekselberg who founded the company in 1990.[1]
The Renova Group is primarily active in Russia, the C.I.S. states, Switzerland, South Africa and the United States. Its major assets include participation in the oil company TNK-BP and in aluminum producer RUSAL.
Renova maintains very close ties to both Saudi Arabia and the Arab world as a member of the Russian-Saudi Economic Council and the Russian-Saudi and Russian-Arab Business Councils which are part of the Chamber of Commerce and Industry (CCI). Vladimir Yevtushenkov, who founded and controls Sistema, is the chairman of both the Russian-Saudi and Russian-Arab Business Councils since 2002.[2][3]