Siberian Business Union (abbreviated SBU;, SDS) is a Russian holding company and conglomerate based in the city of Kemerovo, in Siberia. Its companies are active in coal mining, railway transportation, chemicals, machine building and radio stations. SBU is linked with Vladimir Putin's United Russia party.
Details and activities
The largest shareholder in SBU is the Russian billionaire Vladimir Gridin and his sons. Gridin is also a politician in the United Russia party.[2] The SBU head office is located at Kemerovo in Siberia.[1]
Its subsidiaries are involved in coal mining, railway transportation, chemicals, machine building and radio stations.[2] SBU is Russia's third-largest producer of coal for power stations[3] SBU was a partner with Kuzbassrazrezugol in plans to build a coal export port in the Barents Sea