• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Russia
Europe

Deaths of 2 Russian oligarchs within 48 hours add to wave of executives found dead in ‘suspicious’ circumstances

By
Chloe Taylor
Chloe Taylor
Down Arrow Button Icon
By
Chloe Taylor
Chloe Taylor
Down Arrow Button Icon
April 25, 2022, 8:30 AM ET

Two Russian oligarchs found dead alongside their families within 48 hours of each other are the latest high-profile executives to die in mysterious circumstances since the beginning of the year.

The body of Vladislav Avayev, former vice president of Russian lender Gazprombank, was found with those of his wife and daughter in the family’s Moscow apartment last week, Russian state-controlled news agency TASS reported on April 18.

Gazprombank is Russia’s third largest bank, and services energy giant Gazprom, the country’s major exporter of natural gas.

TASS said preliminary evidence suggested the deaths were the result of a murder-suicide, alleging Avayev was responsible, and adding that a police investigation was under way.

Avayev was a former Kremlin official, according to Western media reports.

On Wednesday, Spanish broadcaster Telecinco reported that Sergey Protosenya—a former executive at Novatek— died in a remarkably similar manner. Protosenya, his wife, and his 18-year-old daughter were all found dead in their villa in the upscale Spanish coastal town of Lloret de Mar.

Novatek is Russia’s largest independent producer of natural gas.

According to local law enforcement, Telecino reported, initial investigations appeared to show that the family’s deaths had resulted from a murder-suicide.

But Spanish news outlet El Punt Avui later reported that investigators had not ruled out a third party carrying out a triple murder.

Novatek—where Protosenya worked between 1997 and 2015—said in a statement Thursday the company is convinced that speculation about the mysterious circumstances around the deaths, and who may be responsible, “are not related to reality.”

“Sergey Protosenya…has proven himself to be a wonderful person and a wonderful family man,” Novatek said. “We hope that the law enforcement agencies of Spain will conduct a thorough and objective investigation and sort out what happened.”

Previous unsolved cases

The deaths of Avayev and Protosenya and their families come after Russian oligarchs Leonid Shulman and Alexander Tyulyakov were found dead in mysterious circumstances earlier this year.

Shulman, head of Gazprom’s Invest transport service, was found with stab wounds to his wrists, while Tyulyakov was found hanged in a garage.

Both men were found in a luxurious real estate compound of Leninskoye, near St. Petersburg.

The spate of apparent suicides “seem somewhat suspicious,” according to Polish thinktank the Warsaw Institute.

Shulman’s January death came after a probe into his alleged fraud at Gazprom was opened the prior autumn, while Gazprom’s security units arrived at the scene with police following Tyulyakov’s death in February, according to the organization. The Warsaw Institute said in a note on its Russia Monitor site yesterday that Gazprom’s security agency is investigating all four of the deaths.

“In all cases, there are widespread suspicions that the deaths may have been staged as suicides, but who did this and why?” said Grzegorz Kuczyński, director of the Warsaw Institute’s Eurasia Program.

A spokesperson for the Russian government was not immediately available for comment when contacted by Fortune. Gazprom did not immediately respond to Fortune’s request for comment.

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.
About the Author
By Chloe Taylor
LinkedIn iconTwitter icon
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

The Tory Burch Foundation is almost halfway to its $1 billion goal for women entrepreneurs
NewslettersMPW Daily
The Tory Burch Foundation is almost halfway to its $1 billion goal for women entrepreneurs
By Emma HinchliffeApril 30, 2026
20 minutes ago
trump
Economynational debt
‘The national debt is now larger than the economy’: Watchdog marks 100% of GDP milestone for $39 trillion burden
By Nick LichtenbergApril 30, 2026
33 minutes ago
Elon Musk arrives at the courthouse during his trial against OpenAI
CryptoElon Musk
Elon Musk likes Bitcoin—but he just told a jury most crypto coins are scams
By Jack KubinecApril 30, 2026
45 minutes ago
capuano
C-SuiteHospitality
Marriott CEO on why you have to defend both DEI and ICE’s right to a hotel room: Dictating values is a ‘bad place for the country’
By Nick LichtenbergApril 30, 2026
46 minutes ago
zohran
PoliticsNew York City
Days after trolling billionaire Ken Griffin, Mamdani suggests King Charles should return a crown jewel to India
By Nick LichtenbergApril 30, 2026
50 minutes ago
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Norges Bank Investment Management annual investment conference in Oslo, Norway, on Tuesday, April 28, 2026.
EconomyJamie Dimon
For years, the risk Jamie Dimon was most concerned about was geopolitics. His answer has shifted
By Eleanor PringleApril 30, 2026
2 hours ago

Most Popular

Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
Success
Apple cofounder Ronald Wayne—whose stake would be worth up to $400 billion had he not sold it in 1976—says that at 91, he has no regrets
By Preston ForeApril 27, 2026
3 days ago
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
Economy
Jamie Dimon gets candid about national debt: ‘There will be a bond crisis, and then we’ll have to deal with it’
By Eleanor PringleApril 29, 2026
1 day ago
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
Banking
‘They left me no choice’: Powell isn’t going anywhere—blocking Trump from another Fed appointee
By Eva RoytburgApril 29, 2026
21 hours ago
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
AI
‘The cost of compute is far beyond the costs of the employees’: Nvidia executive says right now AI is more expensive than paying human workers
By Sasha RogelbergApril 28, 2026
2 days ago
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
Big Tech
Google Cloud revenue is now 18% of Alphabet's business. Is this the beginning of the end of Google's search identity?
By Alexei OreskovicApril 29, 2026
15 hours ago
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
Energy
‘Take the money and run’: Johns Hopkins economist Steve Hanke on why the UAE quit OPEC
By Shawn TullyApril 29, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.