Shoigu’s daughter, a submarine shipyard, and two criminal oligarchs: Meet the Russian business partners of Estonian entrepreneurs
In cooperation with the Russian-language Estonian outlet Delovõje Vedomosti.
Estonian citizens make money in Russia mostly through logistics and transportation — including via contracts with Russian Railways, which is under international sanctions. However, their activity extends into a wider range of sectors: from household and construction chemicals and concrete to Chinese handbags, cocoa, and alcohol. None of the Estonian businesspeople examined by The Insider hold Russian citizenship.
Together with Shoigu’s daughter
Until recently, the Russian company Atlas Chain was successfully engaged in cargo logistics and IT solutions. Its revenue for 2024 amounted to 2.4 billion rubles (more than $30 million). However, in September of 2025, the company was declared bankrupt and placed under external administration. Still, during just two years of war, it managed to pay 242 million rubles in taxes ($3.1 million) to the Russian budget.
The founder and co-owner of Atlas Chain is Estonian citizen Oleg Kraus.
In 2020, Kraus acquired a business partner: Capital Perform LLC, which at the time belonged to Ksenia Shoigu, received a 40 percent stake in the company. Back then, the Estonian entrepreneur also served as managing partner of MedPoint24, another of Ksenia Shoigu’s projects, which focused on providing medical examinations for taxi drivers.