Nikolai Tsvetkov was born in Russia. Nikolai Tsvetkov chairs Financial Corporation Uralsib, one of Russia's largest financial holding companies, involved in banking, insurance, investment, leasing, and asset management. In 2010 he sold his Kopeyka supermarket chain to Russian food retailer X5 Group for $1.1 billion in cash, and he has created a network of companies that produce organic food. He was once a lieutenant colonel in the Russian Air Force. After he founded Nikoil, later renamed Uralsib, he helped fellow former military officer, billionaire Leonid Fedun, and his boss, billionaire Vagit Alekperov, gain a controlling stake in the company. For his services he was rewarded with a sizable stake in Lukoil, Russia's largest independent energy company, which is headed by Alekperov. He also owns the legendary Lomonosov Porcelain; he returned the company to its original name, Imperial Porcelain Manufacture. His charitable foundation, Victoria, has spent $10 million on foster care housing for orphans in the southwest city of Armavir. He is passionate about Eastern philosophy and yoga.
His obscure company became the investment and financial adviser to Lukoil (then a state-controlled concern) by offering a co-ownership to its president Vagit Alekperov, and profited immensely from the voucher privatization scheme of Russia's state-owned companies in the mid-1990s
Nikolai Tsvetkov (born 1960) is a Russian oligarch, the founder and president of Nikoil Financial