Andrey Muravyov

Andrey Anatolievich Muravyov (Андрей Анатольевич Муравьёв; born 26 October 1974) is a Russian businessperson.

He made his wealth as the CEO of a Russian cement company and through stakes in the Russian online payment company QIWI.

Andrey Anatolievich Muravyov was born on October 26, 1974, in Kemerovo.

He lived and worked in the US in 1993–1998.

He graduated from Kemerovo Lycee No. 62 and went on to graduate from the Department of Economics of the Kemerovo State University of Technology in 1997 by correspondence (with a degree in accounting and auditing) and the University of San Francisco School of Management in 1998, with a degree in finance.

He worked for ZAO TransUgol (Moscow, 1999–2000) and the Kemerovo Regional Government (2002–2003), before becoming VP at Sibconcord, a financial and industrial association, where he worked in 2002–2003.

He was a founding shareholder and President of Siberian Cement.

He is on the board of Rocket and Space Corporation Energia.

Andrey Muravyov became a founding shareholder in 2000 of the Siberian Industrial Investment Company LLC (SIIC) and its CEO.

Andrey Muravyov was one of the founding shareholders of Siberian Cement in 2004, and served as President of the company for four years (until 2008).

Under his management, the holding company accumulated its core cement assets it currently owns, making substantial investments in upgrades, and went public.

Muravyovу was also able to set up an effective sales system at the holding company.

Siberian Cement had transferred RUB 30 million (approximately US$1 million) to SIIC LLC in June 2007.

Andrey Muravyov was President of SibCem at the time, with another SIIC founding shareholder, Andrey Kirikov, serving on SibCem's board of directors.

He established and became President of Parus Capital Limited, an investment fund, in August 2008.

He it using this fund to invest in food production, the IT industry, real estate, and in construction of new cement plants.

Finance Magazine estimated Andrey Muravyov's personal fortune at RUB 3.7 billion (approximately US$122 million) in 2008.

SibCem was No. 2 Russian cement producer by mid-2008 and was widely seen as one of the most efficient companies in the industry (earning margins of up to 53%).

Expert magazine estimated SibCem's market capitalization as reaching US$5.7 billion at one point.

Expert magazine wrote that SibCem was the most dearly valued cement company in the world.”

Muravyov stepped aside from managing the holding company’s day-to-day business in August 2008, resigning as President.

In May 2008, before Muravyov's resignation, a binding agreement was signed, with SibCem transferring to the seller (a French subsidiary of Italcementi) a commitment fee of EUR 50 million.

However, the deal was not closed, and the agreement was terminated by November 2008.

Almost immediately, he started selling off his stake in the company, explaining his decision by that he was no longer involved in managing the company, “and it made little sense to hold on to such a large stake as a portfolio investor.” By the fall of 2009, Muravyov had sold his entire interest in the cement business, announcing that he was interested in investing in farming in the Krasnodar Region and in IT (he held a 10% stake in Integrated Instant Payment Systems at the time".

Muravyov's disagreements with SibCem Chairman Oleg Sharykin over a EUR 476 million transaction to buy Intelcementi's Turkish assets were given as the main reason for resigning as SibCem President and exiting the company as a shareholder.

Muravyov was behind the deal all along, claiming that it would help the holding company not only to bolster its positions on the Russian market, but also to facilitate its access to international markets.

SibCem's continuing core shareholder – Sibconcord LLC – took the matter to courts in early 2009, claiming that the aborted deal had not been duly approved by the board or shareholders, and should therefore be considered null and void.

His fortune was estimated at US$290 million in February 2011.

The company first attracted the attention of the media and the public attention for the first time in 2012 in connection with its legal battle with Siberian Cement holding company over failing to repay a large loan.

In April 2012, the Kemerovo Regional Arbitration Court ruled to collect the debt from SIIC LLC for the benefit of Topkinsk Cement LLC, a SibCem subsidiary, together with interest, fines and damages, a total amount of RUB 38.5 million.

The court found for the plaintiff, triggering the holding company's attempts to recover the commitment fee, which was still ongoing as of year-end 2012, and is still in litigation.

In the summer of 2012, Siberian Cement announced that the company had held an extensive audit after Muravyov's departure.

According to the “new” SibCem, the audit had revealed financial irregularities while Muravyov was at the helm of the company.

Among other things, large loans were extended to several top managers on Muravyov's team (who quit SibCem together with Muravyov) and their affiliated companies – loans that were never paid back.

The current management of SibCem are trying to collect the outstanding debts through the court system.

Respondents for these lawsuits include former VP for economics and finance Sergey Khrapunov, former Board of Directors member Andrey Kirikov (both left Siberian Cement soon after Muravyov did) and SIIC LLC, a company founded by A. Muravyov and A. Kirikov.

As of August 2012, approximately RUB 140 million of this past-due debt was still outstanding (the amount includes fines, penalties, and interest.

In 2020, the U.S. government charged him with campaign finance crimes.

The charges were sealed until March 2022.

He allegedly financed a scheme by Rudy Giuliani, Lev Parnas and Igor Fruman to distribute illegal campaign contributions to American politicians, including Florida politician Ron DeSantis's gubernatorial campaign.