Igor Makarov (businessman)

For other people with the same name, see Igor Makarov.
Igor Makarov
Born (1962-04-05) 5 April 1962 (age 62)
Ashkhabad, Turkmen SSR, Soviet Union (now Ashgabat, Turkmenistan)
NationalityCyprus
OccupationPresident of ARETI International Group

Igor Viktorovich Makarov (Russian: Игорь Викторович Макаров; born 5 April 1962 Ashkhabad, Turkmen SSR, Soviet Union) is the President of ARETI International Group (previously the founder of ITERA International Group).[1] A former professional cyclist and member of the USSR national cycling team, Makarov has, since his retirement from competition, been a key supporter and sponsor of international cycling and serves on the UCI Management Committee since 2011.[2] In March 2023, Forbes estimated Makarov's net worth at $2.2 billion.[3] In the summer of 2023, Makarov renounced Russian citizenship in favor of Cypriot.[4]

On 26 September 2022, Makarov was sanctioned by the government of the United Kingdom due to the ongoing Russo-Ukrainian War.[5][6] On 5 March 2024, United Kingdom removed sanctions on Makarov after a successful legal challenge.[7][8]

  1. ^ "Igor Makarov (private website)".
  2. ^ "UCI Management Committee".
  3. ^ "Igor Makarov". Forbes. Retrieved 2023-04-03.
  4. ^ "Forbes сообщил об отказе миллиардера Макарова от российского гражданства". Rbc.ru (in Russian). 2023-06-29.
  5. ^ "CONSOLIDATED LIST OF FINANCIAL SANCTIONS TARGETS IN THE UK - Russia" (PDF). gov.uk. Retrieved 2023-08-23.
  6. ^ "UK sanctions collaborators of Russia's illegal sham referendums - GOV.UK". gov.uk. Retrieved 2023-08-23.
  7. ^ "Financial Sanctions Notice 05/03/2024" (PDF). HM Treasury. 5 March 2024.
  8. ^ "UK lifts sanctions against Itera founder Makarov, who renounced Russian citizenship". interfax.com. Retrieved 2024-04-04.