Russian oligarch. The owner and deputy chairman of the board of directors of "VSMPO-Avisma" - the world's largest producer of titanium, which is strategically important for the defense industry. He is a beneficiary of Russia's invasion of Ukraine. After the start of the war, he bought the Samara plant for the production of aluminum semi-finished products at a discounted price from the company Arconic, which left Russia. Enterprises owned by Mikhail Shelkov are suppliers to the defense industry in aviation, missile production, and shipbuilding. He finances Russia's aggressive war against Ukraine through participation in the activities of companies that generate significant revenue for the Russian government and operate in key sectors of the Russian economy. According to media reports, he has close ties to Sergei Chemezov, the head of the state corporation "Rostec" (which combines the most important defense assets) and is close to Vladimir Putin.
Financed Russia's aggressive war against Ukraine or managed finances in the interests of the Putin's regime or in order to maintain its stability by virtue of their position.