81 is a full life but that doesn't make it easier for his family. Thinking of his wife and children tonight.
Their story
Grigory Luchansky was a Soviet born businessman who founded Nordex, the Vienna based trading group that in the early 1990s became one of the largest exporters of commodities from the former Soviet Union. He was described in Latvia as the country's first billionaire, and for years his name also featured…
Grigory Luchansky was a Soviet born businessman who founded Nordex, the Vienna based trading group that in the early 1990s became one of the largest exporters of commodities from the former Soviet Union. He was described in Latvia as the country's first billionaire, and for years his name also featured in Western press reports about organised crime, although he was never charged in the United States and won a long libel battle against The Times in London.
He was born in Tashkent on 8 February 1945. His father, a military doctor who served in the Second World War, died in 1949, and the family later lived in Riga. He trained as a metallurgical engineer at the Moscow Institute of Steel and Alloys and then as an economist at the Moscow Institute of Management. In Soviet Latvia he organised student construction brigades and in 1974 became the youngest pro rector of the Latvian State University, responsible for its administration.
In 1982 he was arrested on charges of misappropriating state property worth 2,564 roubles and was sentenced to seven years. In the labour colony he was put in charge of a stalled factory construction project and finished it within about a year, and he was paroled in 1985. He then worked at the Adazi collective farm under Albert Kauls, whose foreign trade firm Adazimpeks began exporting fertilisers. In February 1990 that firm founded Nordex in Austria, and Luchansky soon became its sole owner. By 1993 Nordex was among the biggest exporters of oil products from the former Soviet states.
His meeting with President Bill Clinton at a 1993 fundraising breakfast drew intense scrutiny. In 1996 Time magazine called him the man many considered the most dangerous criminal in the world who had never been charged. He was barred from Britain, Nordex's business collapsed, and he spent years contesting the allegations. FBI director Louis Freeh said in 1997 that he had never been prosecuted in the United States. His defamation case against The Times became a landmark in English law on online archives.
He later ran an investment centre in Moscow, which in 2003 took over management of the ZIL car plant, and supported a school for blind children in Smolensk. Luchansky died in Vienna on 20 October 2026, aged 81. His funeral was set for 25 October at the Jewish cemetery in Riga.
Biography adapted from Russian Wikipedia (CC BY-SA 4.0); BB.LV, UA.News and Kartoteka reports (October 2026). Wikipedia ↗
