Sources at VChK-OGPU and Rucriminal.info say the Russian Presidential Administration and VEB's Supervisory Board have become alarmed by Igor Shuvalov, the head of the unprofitable VEB.RF,'s apparent obsession with dogs. (Rampant corruption at the state corporation doesn't alarm anyone—it's business as usual.) Shuvalov demands this obsession from all employees and has enshrined it in regulations. VEB has even launched a "VEB Pets Free" program, designed exclusively for dogs (see video). Cat lovers will likely have to resign.

According to our sources, Igor Shuvalov "patriotically" spent the New Year holidays, including his birthday on January 3, with his beloved corgis at his private villa in the UAE's Palm Jumeirah area. According to Flightradar, Shuvalov's business jet (the maintenance costs of which are covered by VEB) departed for Dubai on January 1, 2026, and returned to Moscow by the end of the New Year holidays, on January 9.

Shuvalov's passion for dogs is off the charts and beyond reason, which has already alarmed the Administration of the President and VEB's Supervisory Board. The state corporation itself regularly hosts "Meeting Point" events (Shuvalov is very fond of foreign words) and special parties for employees with dogs. These events take place right at the corporation's headquarters on Vozdvizhenka Street. Shuvalov's mandatory employee love of dogs has now been enshrined in VEB.RF regulations and is supported through the "VEB Pets Free" program, which is completely at odds with the state corporation's goals and objectives. Incidentally, despite its name, the program is designed exclusively for dogs.

VEB.RF holds closed "Doggy Party Shows" for its most trusted top managers, lawyers, and bankruptcy trustees.

And those in the innermost circle of corrupt officials are offered a unique opportunity to attend a similar event at Shuvalov's country estate in Skolkovo.

As a result, top managers, bankruptcy trustees, and ordinary businessmen who want to gain access to this circle are simply flooding their social media with hugs and kisses from dogs.

According to sources, one such participant in these exclusive dog parties is Oleg Loginov, chairman of the bankruptcy self-regulatory organization "Razvitie." Loginov is a very close friend of VEB.RF's chief litigation lawyer, Alexander Ivanov. It was Ivanov, thanks to his position, who ensured that Loginov, as manager, and his scandalous self-regulatory organization obtained the most lucrative bankruptcy proceedings against VEB.RF's timber industry enterprises (STOD, Mekran, Kraslesinvest, Apsheronsky PDK, and others).

Now, the focus of the "embezzlement" is on the Verkhnevolzhsky Tannery and Novotorzhsky LPK, where Oleg Loginov personally serves as the bankruptcy trustee. The scheme is simple and straightforward. Enterprises with multi-billion-dollar debts to VEB are accepted onto the balance sheet in bankruptcy cases, paid off at inflated prices, and then packaged into the state corporation's opaque closed-end mutual funds, where billions are further injected from the Russian budget "to maintain operations" and "develop." Sometimes, the need for gigantic infusions is explained as "preparing for sale" to an investor who, of course, does not actually exist.

State losses are mounting, and Loginov and other beneficiaries (the same Ivanov, VEB.RF Deputy Chairman Alexander Tarabrin) are getting rich offshore.

It was through Tarabrin that Loginov gained access to Shuvalov's private dog parties, both inside and outside VEB.RF.

Loginov, the chairman of the bankrupt SRO, is already going beyond all bounds in his zeal to please Shuvalov. On social media, he posts photos after photos of kissing pets at dog parties. And recently, he wrote reviews about... a personal pet food tasting.

Amid a total economic deficit, suggestions that Russians prepare for "incomes in 2026 to remain flat," given the current restrictions for ordinary Russians, increasingly resemble a "feast during a plague" at the state corporation run by Igor Shuvalov. We wouldn't be surprised if a corgi soon becomes the new deputy chairman of VEB.RF. Although, perhaps he'll be an even better manager than Tarabrin. At least there will definitely be less stealing. Maybe just sausage from the cafeteria.