The center of Grozny. Photo: Alexxx1979,

18 September 2019, 16:17

Akhmat Kadyrov Foundation's balance exceeds Chechnya's reserve by over 8 times

In 2018, the Akhmat Kadyrov Foundation increased its assets due to donations up to 3.68 billion roubles. The amount exceeds the official reserve funds of the Chechen Republic by more than 8 times. Meanwhile, the Akhmat Kadyrov Foundation, which owns large Chechen enterprises, showed zero income from entrepreneurial activity.

The Akhmat Kadyrov Foundation's assets grew solely due to cash contributions, the "Open Media" reports with reference to the information from the "Kontur.Focus" database.

According to the calculations run by the "Caucasian Knot", the amount of funds raised by the Akhmat Kadyrov Foundation by 8.5 times exceeded the amount of funds at the reserve funds of the republic.

Earlier, in Chechnya, public sector employees complained about systematic deductions of up to 10% of their earnings.

The Akhmat Kadyrov Foundation regularly purchases expensive cars for athletes and TV show winners. So, Bernard Berisha, a football player of the "Akhmat" FC, got a Hyundai Solaris car as a gift from the FC's general sponsor, the Akhmat Kadyrov Foundation. Such an expensive gift aroused bewilderment among the football fans.

Users of social networks criticized Ramzan Kadyrov for expensive gifts to athletes and called him on to reward schoolchildren, students, doctors, and teachers for their successes.

This article was originally published on the Russian page of 24/7 Internet agency ‘Caucasian Knot’ on September 18, 2019 at 06:14 am MSK. To access the full text of the article, click here.

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