• 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

Navy plans to buy 15 costly Trump-class battleships by 2055
PoliticsU.S. Navy
Navy plans to buy 15 costly Trump-class battleships by 2055
By Tony Capaccio, Roxana Tiron and BloombergMay 11, 2026
1 hour ago
Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits
North AmericaU.S. Politics
Trump Mobile quietly rewrote its fine print to say the gold Trump phone may never be made, a year after taking $100 deposits
By Marco Quiroz-GutierrezMay 11, 2026
2 hours ago
Painting the Reflecting Pool is ‘more appropriate to a resort or theme park,’ says the president of a nonprofit suing the Trump administration
LawDonald Trump
Painting the Reflecting Pool is ‘more appropriate to a resort or theme park,’ says the president of a nonprofit suing the Trump administration
By The Associated Press and Steven SloanMay 11, 2026
4 hours ago
Nvidia co-founder and CEO Jensen Huang is driving a squeeze of memory chips.
AISemiconductors
Wall Street thinks memory is AI’s golden ticket. Harvard’s chip expert warns: ‘Curves that just go to the sky with no end…never continue forever’
By Eva RoytburgMay 11, 2026
5 hours ago
A female Indigenous Navajo small business owner at work in her jewelry shop.
Economynative americans
Native American businesses have diversified beyond casinos to become a rural economic force. Trump is cutting off a lifeline that goes beyond tribes
By Tristan BoveMay 11, 2026
5 hours ago
How much debt is too much? Warning signs and what to do next
Personal Financemoney management
How much debt is too much? Warning signs and what to do next
By Joseph HostetlerMay 11, 2026
5 hours ago

Most Popular

OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
Tech
OpenAI CEO Sam Altman says Gen Z and millennials are using ChatGPT like a 'life advisor'—but college students might be one step ahead
By Sydney LakeMay 10, 2026
2 days ago
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
Economy
‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt
By Jacqueline MunisMay 10, 2026
2 days ago
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
Economy
Forget U.S. debt, China's total borrowing is in 'a league of its own'—much worse and deteriorating faster, analyst says
By Jason MaMay 11, 2026
8 hours ago
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
Success
Red flag test: former CEO explains why he rejects job candidates who say they can start right away
By Orianna Rosa RoyleMay 9, 2026
3 days ago
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
Success
Microsoft’s CFO admits she joined the tech giant without even knowing her salary—and then missed her first day of work
By Preston ForeMay 11, 2026
9 hours ago
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
Future of Work
'Employers are increasingly turning to degree and GPA' in hiring: Recruiters retreat from ‘talent is everywhere,’ double down on top colleges
By Jake AngeloMay 9, 2026
2 days 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.