Aeon

Aeon Group is a diversified Russian conglomerate founded and controlled by billionaire Roman Trotsenko. Its holdings span ports, airports, Arctic logistics infrastructure, industrial real estate, and energy assets. The predominantly domestic and infrastructure-focused portfolio has insulated it from some of the Western sanctions pressure that hit export-oriented Russian businesses after 2022.

Aeon surfaced in the Russia-Ukraine war context at the St Petersburg International Economic Forum in June 2026, when founder Roman Trotsenko declared that 'the old model has stopped working' — a public assessment that Russia's pre-war economic model had structurally broken down. Even a conglomerate that has successfully adapted to the post-2022 sanctions environment publicly acknowledging structural failure is a significant signal about the depth of Russia's economic problems.