2011, he was the only Russian participant in a meeting of Bilderberg Club at St Moritz, Switzerland. In June 2013, Mordashov was the fifth largest shareholder of Rossiya Bank owning 6%. In 2015, Mordashov stepped down as CEO, appointing former COO Vadim Larin, in his place. Mordashov would be appointed as chairman. The changes were confirmed by Severstal. On 10 October 2017 Alexey Mordashov became a Commander of the Order of Merit of the Grand Duchy of Luxembourg. Recent On 28 February 2022, in relation to the 2022 Russian invasion of Ukraine, the European Union blacklisted Mordashov and had all his assets frozen. In early March, the Italian police seized one of his yachts, the Lady M. At that time, another one of his yachts, the Nord, was outside the European Unions jurisdiction in the Seychelles. Pandora Papers The Pandora Papers were a collection of nearly 12 million leaked confidential financial records compiled by the International Consortium of Investigative Journalists. Within those records are details of how a special unit known as "Cypriot" within accounting firm PricewaterhouseCoopers (PwC) helped Mordashov "build the offshore infrastructure of his business empire." The firm helped set up over 65 shell companies in various "secrecy jurisdictions" such as the British Virgin Islands on behalf of a holding company connected to Mordashov. Through these shell companies, Mordashov expanded his presence in the logging, coal, and media industries inside Russia. Personal life Mordashov and his first wife Elena (sometimes Yelena) have a son, Ilya, and divorced in 1996. In 2001, it was revealed in a St Petersburg divorce court that he was paying only $620 a month to support his ex-wife and son, when she sued him for half of his pre-divorce property but lost the case and incurred large fees. The case was eventually settled after she took it to the European Court of Human Rights. Mordashov owns the yachts Lady M and Nord as well as a private jet. By 2001, Mordashov had married his second wife, also Elena, and had had two more sons - Kirill and Nikita. In 2018-2019, for Kirill and Nikita the KN-holding company was created, to which Mordashov transferred his shares in Nordgold and TUI. In this way, the businessman hoped to transfer business experience to his sons. But in 2021, Nikita lost his share due to unsuccessful studies and leaving for military service. In 2022, the ICIJ reported that