Alexander Mashkevitch Explained

Alexander Mashkevich
Birth Date:23 February 1954[1]
Birth Place:Frunze, Kyrgyz SSR, Soviet Union
Occupation:Major shareholder in Eurasian Natural Resources Corporation
Nationality:Israeli
Kazakhstan

Alexander Antonovich Mashkevich (Hebrew: אלכסנדר משקביץ; also transliterated Alexandr Mashkevic; Russian: Александр Антонович Машкевич; born 23 February 1954) is an Israeli-Kazakh businessman and investor who has major holdings and close political relationships in Kazakhstan. He holds both Kazakh and Israeli citizenship.[2]

He enriched himself in the aftermath of the collapse of the Soviet Union, as he, Patokh Chodiev, and Alijan Ibragimov, obtained mineral and gas operations when they were privatized in Kazakhstan.[3] They founded the company Eurasian Natural Resources Corp.[4]

Biography

Mashkevich was born in Frunze, Kyrgyz SSR, Soviet Union, in 1954. His father Anton, a doctor born in Lithuania, and his mother, Rakhel Yoffe, a lawyer born in Vitebsk, were evacuated to Kyrgyzstan in 1941.[1] His family background is Lithuanian Jewish. He is a graduate of Kyrgyz State University where he studied philology. Mashkevich started out on an academic career, but became a businessman during perestroika.

Mashkevich served as president of the Euro-Asian Jewish Congress (EAJC) until 2011. The EAJC is one of the five regional branches of World Jewish Congress (WJC). He is also a major donor to the Israel lobby group European Friends of Israel.[5]

In 2002, in apparent consultation with Israeli Defense Minister Binyamin Ben-Eliezer, Mashkevich asked his Kazakh President Nursultan Nazarbayev — a personal friend — to intervene with Iran concerning Israeli soldiers captured by Hizbullah.[6]

Career

Mashkevich, Patokh Chodiev, and Alijan Ibragimov form "the Trio", a group of Kazakh businessmen who became billionaires.[2] The Trio gained control of the recently privatized chromium, alumina, and gas operations in Kazakhstan (among the largest in the world).[7] [8]

Mashkevich is a major shareholder in Eurasian National Resources Corporation (ENRC), now one of the world's leading natural resources groups.[9] ENRC, based in London, operates a number of metals assets in Kazakhstan and Africa, having acquired numerous mining operations in Eastern Europe and Africa. In 2009, ENRC generated a $1,462 million profit on sales of $3.8 billion. ENRC was floated on the London Stock Exchange in December 2007, with a market capitalisation on Admission of approximately £6.8 billion. In 2013, ENRC was privatized to form the Eurasian Resources Group.

Mashkevich is one of the owners of London-based Alferon Management, which has acquired mining operations in Zambia, the Democratic Republic of Congo, Indonesia, Kosovo, Russia, and other countries.[10]

In 2019 he was on the Forbes list of billionaires, with a worth of $2.4 billion.[11]

On April 6, 2011, Mashkevitch announced his intention to found a Jewish version of Al-Jazeera.[12] [13]

External links

Notes and References

  1. News: Машкевич Александр. 10 January 2017. Tengrin News.
  2. Web site: Krichevsky . Lev . 18 October 2004 . Wealthy Kazakh businessman looks to make mark on Jewish world . www.ncsj.org . . 2007-02-17 . dead . https://web.archive.org/web/20071026091634/http://www.ncsj.org/AuxPages/101804JTA_Mashkevich.shtml . 26 October 2007 .
  3. Book: Özcan, G. . Building States and Markets: Enterprise Development in Central Asia . 2016-04-30 . Springer . 978-0-230-29695-4 . 47 . en.
  4. News: Werdigier . Julia . 2013-04-24 . More Turnover at Kazakh Miner Listed in London . en-US . The New York Times . 2022-03-06 . 0362-4331.
  5. Gil Shefler 450 MPs from 37 European countries come to promote friendship with Israel, Jerusalem Post, 6 February 2011, accessed 18 November 2021
  6. Web site: Galili . Lily . 29 October 2002 . A Kazakh Oligarch Trying To Be a Jewish Tycoon . www.ncsj.org . . 2007-02-17 . dead . https://web.archive.org/web/20071011232308/http://www.ncsj.org/AuxPages/102902Haaretz.shtml . 11 October 2007 .
  7. News: 24 July 2002. The Steel Maharajah. BBC. BBC News. 2009-08-25.
  8. Web site: Kazhegeldin. Akezhan. December 24, 2004. The end of the "controlled" democracy. Respublika. International Eurasian Institute for Economic and Political Research. 2006-05-04. https://web.archive.org/web/20060506041451/http://iicas.org/2004en/publ_30_12_04.htm. 6 May 2006. dead. dmy-all.
  9. Web site: Alexander Mashkevich Looks Like Finally Getting His Wish To Take ENRC Private. Hecht. Albert. June 24, 2013. Jewish Business News. January 1, 2020.
  10. Book: Globalizing Central Asia: Geopolitics and the Challenges of Economic Development. Laruelle. Marlene. Peyrouse. Sebastien. Routledge. 2015. 978-0-7656-3505-1. 192.
  11. Web site: Forbes. Forbes.
  12. Web site: Russian billionaire to found 'Israeli Al-Jazeera'. The Jerusalem Post. April 7, 2011. January 1, 2020.
  13. Web site: Billionaire Mashkevich quits Euro-Asian Jewish Congress presidency. Weisler. Alex. Jewish Telegraphic Agency. June 27, 2011. January 1, 2020.