of the Russian Federation and a presidential candidate, was accompanied to the 2012 Elections Situation Centre by Chairperson Shumkov. Mr. Putin praised the organizational management of the Centre highly. On March 6, 2012, after the end of the work of the electoral campaign Vladimir Putin, the president-elect, visited the Situation Centre again with Shumkov to thank the lawyers for the work done. "There is no doubt that it was of particular importance to guarantee fair election and ensure its transparency. It is vital that the citizens feel that their expression of the will is reflected objectively in the final result. Moreover, since the majority of you are lawyers, I attribute incredible significance to the advancement of our political system and to the consolidation of the Russian statehood," Mr. Putin told the Situation Centre’s employees. Business activity Investments Shumkov was a hi-tech industry investor. The company he founded, Centre of Internetworking Technologies (CIT) holds blocks of shares at the Moscow Internet Exchange (MSK-IX). MSK-IX hub station is listed as one of the five largest Internet Exchange Points in the world, dealing with 60% of the country’s traffic transmission. There are more than 600 members in MSK-IX, and Google, Yandex, VGTRK, Rostelecom, MegaFon, MTS can be named among other national and regional operators, web hosting companies, content providers, corporate, academic and educational networks. MSK-IX is a member of the international association Euro-IX. Shumkov’s company Centre of Internetworking Technologies (CIT) owns blocks of shares of Content Delivery Network (CDN) at NGINX. Among NGENIX’s clients are media, video-sharing websites, digital content distributors, advertising networks online shops, and business customers such as VGTRK, Life News, Rutube, Ozon.ru, SUP Media, and others. On September 8, 2011, Shumkov presented to Vladimir Putin, the Chairman of the Government of the Russian Federation, the system of management of a modern university, which was carried out in cooperation with JSC Gazprombank. The system received high accolades from the Chairman of the Government of the Russian Federation. "Superb, simply amazing," Vladimir Putin stated. In September 2012, after the end of the APEC summit meeting held in Vladivostok, Shumkov presented to the President the plant and equipment complex, which was implemented into the Far Eastern Federal University (FEFU). According to the President’s estimates, "FEFU yields to no leading universities in technique". Development projects From the early 2000s until his death Shumkov was an investor in development projects. At the time of his