Early Life and Education
Alexander Grigoryevich Abramov was born on February 20, 1959, in Moscow, USSR. He is of Jewish descent. He graduated from the Moscow Institute of Physics and Technology with a degree in physics and mathematics. Abramov's early career involved working in Russia's space and defense program before transitioning into metal trading.
Rise to Success
In 1992, Abramov, along with Alexander Frolov, founded a small metal trading business, which later became a precursor to Evraz Holding. Recognizing the potential in the metals and coal sectors, he began exporting these resources from the Urals and Siberia. Following the 1998 Russian financial crisis, Abramov strategically acquired struggling steel companies and coal mines. He expanded Evraz Holding, making it one of Russia's largest vertically integrated business groups.
Key Business Strategies
Abramov's key strategies involved acquiring distressed assets and building a monopoly in rail and steel construction products, particularly in the Kemerovo region. He strategically focused on building a monopoly for rail and steel construction products, seeking synergies in acquisitions.
Philanthropy
In 2017, Abramov was awarded the Decoration For Beneficence by Russian President Vladimir Putin for his public work and charity activity. He also established the Abramov Foundation.