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Grigory Luchansky

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Grigory Luchansky

1945 – 2026 · aged 81 · Businessman

“He built a trading empire from the ruins of the Soviet economy and never stopped defending his name.”

Portrait: BB.LV

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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 ↗

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Grigory Luchansky
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81 is a full life but that doesn't make it easier for his family. Thinking of his wife and children tonight.

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Early life and education

Grigory Emmanuilovich Luchansky was born in Tashkent, in the Uzbek SSR, on 8 February 1945. His father, Emmanuil Luchansky, was a military doctor and Second World War veteran who died in 1949; his mother, Berta Vladimirskaya, was an economist who later worked in Riga and died there in 1975. He studied metallurgical engineering at the Moscow Institute of Steel and…

Grigory Emmanuilovich Luchansky was born in Tashkent, in the Uzbek SSR, on 8 February 1945. His father, Emmanuil Luchansky, was a military doctor and Second World War veteran who died in 1949; his mother, Berta Vladimirskaya, was an economist who later worked in Riga and died there in 1975.

He studied metallurgical engineering at the Moscow Institute of Steel and Alloys from 1963 to 1968 and was then assigned to work in the Latvian SSR. He went on to study construction economics at the Moscow Institute of Management named after Ordzhonikidze from 1968 to 1973, followed by postgraduate work there, and later held a doctorate in economics.

Career

In Latvia he founded one of the first student construction brigades and in 1969 headed the republic's student construction headquarters under the Latvian Komsomol. In 1974 he was appointed pro rector for administration and economic affairs at the Latvian State University, the youngest pro rector in the republic. In 1982 he was arrested and in 1983 sentenced to seven years…

In Latvia he founded one of the first student construction brigades and in 1969 headed the republic's student construction headquarters under the Latvian Komsomol. In 1974 he was appointed pro rector for administration and economic affairs at the Latvian State University, the youngest pro rector in the republic.

In 1982 he was arrested and in 1983 sentenced to seven years for misappropriating state property worth 2,564 roubles. In a labour colony in Jekabpils he was made head of a factory construction project that had stood at foundation level for a decade, and it was finished in about a year. He was paroled in 1985, worked in construction in Solikamsk in the Urals, where he made contacts in the potash industry, and then became deputy to Albert Kauls at the Adazi agricultural collective near Riga.

After Mikhail Gorbachev visited Adazi in 1987, the collective set up a foreign trade company, Adazimpeks, which began exporting Soviet potash fertiliser. On 26 February 1990 Adazimpeks registered Nordex in Austria. Within about a year Luchansky had bought out his partners and become sole owner. Nordex traded fertilisers, metals and oil products and by 1993 was one of the five largest exporters of oil products from the Commonwealth of Independent States, with interests in Latvian transit through the port of Ventspils and projects in Kazakhstan, Ukraine and elsewhere.

In 1993 he met President Bill Clinton at a Democratic Party fundraising breakfast, and American and British press reports soon linked him to Russian organised crime. In 1996 Time magazine described him as the man many considered the world's most dangerous criminal who had never been charged. He was refused entry to Britain, Nordex contracts and accounts were frozen, and he wound down the company. He always denied wrongdoing, and in November 1997 FBI director Louis Freeh said in Moscow that Luchansky had never been prosecuted in the United States. From 1995 to 1997 he worked on investment projects with the Israeli businessman Shaul Eisenberg.

He sued The Times over articles about him, and the case, Loutchansky v Times Newspapers, produced important rulings in English defamation law, including on the liability of publishers for articles kept in online archives. In the late 1990s he founded the Centre for Investment Projects and Programmes in Moscow, which in 2003 became owner of the Moscow Automobile Company and took over management of the ZIL plant until the Moscow government bought it out in 2011. He was also a senior vice president of the International Congress of Industrialists and Entrepreneurs and a member of the bureau of the Russian Jewish Congress.

Personal life

Luchansky lived in Russia and Austria and kept close ties with Latvia. He was married and had three daughters and a son. With the singer Sergei Nikitin he supported a special school for blind and partially sighted children in Smolensk from 2002, and he took part in a Moscow project to build a blood plasma products plant.

Luchansky lived in Russia and Austria and kept close ties with Latvia. He was married and had three daughters and a son. With the singer Sergei Nikitin he supported a special school for blind and partially sighted children in Smolensk from 2002, and he took part in a Moscow project to build a blood plasma products plant.

Death

Grigory Luchansky died in Vienna on 20 October 2026 at the age of 81. His death was confirmed by the Latvian businessman Yuli Krumins, who said his health had declined in recent years. No cause of death was made public. His funeral was arranged for Sunday 25 October 2026 at the Jewish cemetery in Riga, with a memorial gathering to…

Grigory Luchansky died in Vienna on 20 October 2026 at the age of 81. His death was confirmed by the Latvian businessman Yuli Krumins, who said his health had declined in recent years. No cause of death was made public. His funeral was arranged for Sunday 25 October 2026 at the Jewish cemetery in Riga, with a memorial gathering to follow.

Legacy

Luchansky was one of the first private traders to build a fortune out of the Soviet collapse, and Nordex was for a time among the largest companies in Austria. The Israeli business paper Globes estimated his wealth at its peak at about 2 billion dollars. His reputation remained contested: he was the subject of years of allegations in the Western…

Luchansky was one of the first private traders to build a fortune out of the Soviet collapse, and Nordex was for a time among the largest companies in Austria. The Israeli business paper Globes estimated his wealth at its peak at about 2 billion dollars. His reputation remained contested: he was the subject of years of allegations in the Western press but was never charged in the United States, and his libel litigation against The Times left a lasting mark on English media law.

Questions people ask about Grigory

Who was Grigory Luchansky?
Grigory Luchansky was a Soviet born businessman who founded Nordex, a Vienna based trading company that exported fertilisers, metals and oil products from the former Soviet Union in the 1990s. He was described as Latvia's first billionaire.
When did Grigory Luchansky die?
He died in Vienna on 20 October 2026, according to the Latvian businessman Yuli Krumins.
How did Grigory Luchansky die?
No cause of death was made public. Yuli Krumins said his health had declined in recent years. He was 81.
How old was Grigory Luchansky?
He was 81. He was born in Tashkent on 8 February 1945.
What was Nordex?
Nordex was a trading company registered in Austria in February 1990 by the Latvian firm Adazimpeks. Luchansky became its sole owner, and by 1993 it was one of the largest exporters of oil products from the former Soviet states.
Was Grigory Luchansky ever charged with a crime?
He was convicted in Soviet Latvia in 1983 of misappropriating state property and paroled in 1985. Despite later press allegations of links to organised crime, FBI director Louis Freeh said in 1997 that he had never been prosecuted in the United States.
Where was Grigory Luchansky buried?
His funeral was arranged for 25 October 2026 at the Jewish cemetery in Riga.

Written by People Forever from Wikipedia (CC BY-SA 4.0) and the reporting cited. Updated . Spotted a mistake? Tell us.

Timeline

  1. 8 February 1945
    Born in Tashkent, Uzbek SSR, Soviet Union
  2. 8 February 1945
    Born in Tashkent
  3. 1 January 1968
    Graduates from the Moscow Institute of Steel and Alloys
  4. 1 January 1974
    Becomes pro rector of the Latvian State University
  5. 1 January 1983
    Sentenced to seven years in Soviet Latvia
  6. 1 January 1985
    Released on parole
  7. 26 February 1990
    Nordex registered in Austria
  8. 1 January 1993
    Meets Bill Clinton at a fundraising breakfast
  9. 1 January 1996
    Named by Time magazine in a report on Russian organised crime
  10. 1 January 2003
    His Moscow investment centre takes over management of the ZIL plant
  11. 20 October 2026
    Dies in Vienna aged 81
  12. 20 October 2026
    Died in Vienna, Austria
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