The Ledger / Nikolai Buinov
Nikolai Buinov
◼ Origin
Nikolai Buinov is the majority shareholder and executive director of Irkutsk Oil Company (INK), one of Russia's largest independent oil producers operating in East Siberia and the Russian Far East. INK produces approximately 8-9 million tonnes of oil annually, primarily exported to China via the East Siberia-Pacific Ocean pipeline. Buinov also controls stakes in the VETEK Group of companies. INK is not publicly listed.
◼ Self-Made Verdict — YES
Built Irkutsk Oil Company into a major independent Siberian producer; no documented inherited oil business or capital base.
◼ Documented marks
01
Majority shareholder and executive director of Irkutsk Oil Company (INK), Russia's fourth-largest independent oil producer by output (~8-9M tonnes/year)
02
INK's fields are in East Siberia; crude is primarily exported to China via the East Siberia-Pacific Ocean (ESPO) pipeline
03
Designated by UK OFSI under Russia sanctions in February 2025 for benefiting from and supporting the Russian government through strategic oil sector ownership
04
VETEK Group of companies, also associated with Buinov, spans additional industrial and energy assets
05
INK is not publicly listed; financial disclosures are limited to Russian regulatory filings
06
Majority shareholder and executive director of Irkutsk Oil Company (INK), Russia's fourth-largest independent oil producer by output (~8-9M tonnes/year)
07
INK's fields are in East Siberia; crude is primarily exported to China via the East Siberia-Pacific Ocean (ESPO) pipeline
08
Designated by UK OFSI under Russia sanctions in February 2025 for benefiting from and supporting the Russian government through strategic oil sector ownership
09
VETEK Group of companies, also associated with Buinov, spans additional industrial and energy assets
10
INK is not publicly listed; financial disclosures are limited to Russian regulatory filings
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
Total sentence
0–0 years
That is
0.0–0.0 life sentences
(using 78 years as one life)
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
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