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

Yet another energy executive’s death adds to the tally of powerful Russian bosses who have died this year under mysterious circumstances

Prarthana Prakash
By
Prarthana Prakash
Prarthana Prakash
Europe Business News Reporter
Down Arrow Button Icon
Prarthana Prakash
By
Prarthana Prakash
Prarthana Prakash
Europe Business News Reporter
Down Arrow Button Icon
September 13, 2022, 2:00 PM ET
Russian President Vladimir Putin.
Russian President Vladimir Putin.GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

Another top Russian businessman has died under mysterious circumstances since the start of President Vladimir Putin’s war on Ukraine more than six months ago. 

Ivan Pechorin, the aviation director for Russia’s Far East and Arctic Development Corporation (KRDV), was found dead near Vladivostok, Russia after allegedly “falling overboard” from his yacht, according to a local news outlet. His body was found after a two-day search operation.

Putin had personally selected Pechorin to hold a leadership position at KRDV, the U.K.’s Mirror reported. The company itself was Putin’s attempt to build energy and mining resources in Russia’s farthest eastern region, which has been a key focus following international sanctions on the country.

A few weeks ago, Pechorin, 39, was part of a conference panel in Vladivostok to discuss logistics, supply chains, and aviation. Putin also spoke at this event.

This incident marks another in a series of deaths of high-ranking individuals in Russia’s energy industry in 2022. In January, several officials linked to the state-owned energy provider, Gazprom, reportedly died by suicide. In February, KRDV announced the death of its former CEO, Igor Nosov, who reportedly died from a stroke according to Newsweek. Earlier this month, the former head of Russian oil giant Lukoil, Ravil Maganov, reportedly died after falling from the sixth floor of a hospital in Moscow. The company said Maganov had died “following a serious illness.” Another former executive at Lukoil, Alexander Subbotin, reportedly died of heart failure in May.

Moscow-based energy giant Lukoil had sounded its opposition to the war in Ukraine in March, calling for a ceasefire. Lukoil’s board was concerned about the “tragic events” in Ukraine, urging the “soonest possible end to armed conflict” through negotiations.

Russia invaded Ukraine on February 24 and, within days, took control of several major cities. Western allies placed sanctions, blocked Russia from the global payments system, and froze foreign reserves of some currencies shortly after.

Since the war started, energy has been a contentious topic between Russia and the West, particularly Europe.

Russia cut off energy supplies to Europe, making oil and gas prices soar in recent months. Russia is the world’s second largest natural gas producer, exporting most of its natural gas to Europe in 2020. The region had relied heavily on Russian gas exports transported through a pipeline crossing Ukraine.

Russia has claimed that the economic sanctions placed by Western countries have pushed it to suspend energy exports.

While the European Union is working toward addressing the energy crisis collectively, Russia has warned that actions to cap the price of Russian gas could lead to adverse outcomes for the countries imposing them. 

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
Prarthana Prakash
By Prarthana PrakashEurope Business News Reporter
LinkedIn icon

Prarthana Prakash was a Europe business reporter at Fortune.

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
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
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
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Google Cloud’s next big moment—and what it needs to continue its ascent
AIGoogle
Google Cloud’s next big moment—and what it needs to continue its ascent
By Alex Kantrowitz, Marty Swant and Big TechnologyApril 21, 2026
9 minutes ago
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges as a surprise winner
Real EstateHousing
The tables have turned: Florida and Texas are the biggest losers in the housing market as Ohio emerges as a surprise winner
By Sydney LakeApril 21, 2026
26 minutes ago
trump
EconomyWhite House
‘I thought the oil would be much higher’: Trump’s rosy Iran war spin risks sending traders the wrong message
By Nick LichtenbergApril 21, 2026
29 minutes ago
A soybean farmer inspects his crops in Maryland
Environmentfarming
Tariffs, war, and now a historic drought have converged into a ‘perfect storm’ for U.S. farmers and food prices
By Tristan BoveApril 21, 2026
45 minutes ago
The inside of a data center in Ashburn, VA.
EnvironmentData centers
Data centers are dealing hidden damage to environmental and public health—costing the economy $25 billion every year
By Tristan BoveApril 21, 2026
48 minutes ago
Photo of Donald Trump
PoliticsDonald Trump
Trump officials whisper that his Truth Social posts about Iran risk killing peace talks
By Jake AngeloApril 21, 2026
49 minutes ago

Most Popular

$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
Law
$166 billion in tariff refunds just became available, but small businesses may already be at a disadvantage
By Sasha RogelbergApril 20, 2026
21 hours ago
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give back
Success
Jeff Bezos once gave Eva Longoria and the admiral behind Osama bin Laden's capture $100 million—but she says you don't need wealth to give back
By Orianna Rosa RoyleApril 21, 2026
11 hours ago
This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year
Economy
This talent CEO says laid-off tech workers are ignoring a $300K ‘white-collar trade job’ with 81K openings a year
By Jake AngeloApril 20, 2026
1 day ago
Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO
Big Tech
Meet John Ternus, the 51-year-old former swimming champ who will succeed Tim Cook as Apple CEO
By Dave Smith and Fortune EditorsApril 20, 2026
21 hours ago
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
AI
Thousands of CEOs admit AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
By Sasha RogelbergApril 19, 2026
2 days ago
Current price of oil as of April 20, 2026
Personal Finance
Current price of oil as of April 20, 2026
By Joseph HostetlerApril 20, 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.