About few years ago The Economist Magazine claimed Russian billionaire Gennady Timchenko benefited from his close relationship with Vladimir Putin. In May 2012 The Economist suspects Timchenko of getting profit from cutting price for Russian oil. Pictured: August 27,2011.Russian businessman Gennady Timchenko (r) pictured together with Gazprom Export company Director General Alexander Medvedev (l) at the press conference in St.Petersburg, Russia. (Gennady Timchenko is also President of SKA St.Petersburg ice hickey club).