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Litvak began by building up consumer goods trading activity between Russia and China, and his became the largest business of its kind for several years. He later pioneered a new private industry in Russia, being the first to offer Russian energy companies transportation and logistics outsourcing services.
2 days ago · Through his business Litvak owns two seaport terminals on the Black Sea coast: LPG Transshipment Complex and Taman Bulk Cargo Terminal. Born in Leningrad, Litvak's parents were...
Michel Litvak derives his fortune from OTEKO, a Moscow-based investor with interests in port and industrial infrastructure in southern Russia. He started out trading consumer goods between Russia and China in 1991, following the collapse of the Soviet Union.
While in Belgium in 1974, Litvak managed secured financing to start his first business venture - a chain of medical laboratories. In parallel, he became a commodity trader. In 1990, following the collapse of the Soviet Union, Michel Litvak moved back to Russia and settled in Moscow.
In the early 90's Michelle returned to Russia to start his own business. First, his firm "Russian World" was engaged in the sale of Chinese goods on the Russian market. But a year later, the future billionaire had the opportunity to buy an impressive lot of fuel oil Omsk refinery.
Jul 25, 2022 · Michel started working early and developed his exceptional entrepreneurial skills and vision of business success. Michel found venture financing in 1974. The next step in Michel’s career...
Oct 5, 2023 · Everyone who is familiar with the OTECO corporation has heard more than once about Michel Litvak, its president and owner of this company.
