EE Impact

IC Holding

Turkey · Energy, Oil & Gas

LeaveRussia detail: Continue Operations

Still operating in Russia

IC Holding, is a private conglomerate in Turkey including construction, electricity generation and tourism. It was founded by the current Chairman İbrahim Çeçen. İbrahim Çeçen's son, Fırat Çeçen is the Vice Chairman, who is also the Chairman of IC Ibrahim Cecen Investment Holding.

Status last verified 03/08/2026Source checked 15/05/2023Company website ↗LeaveRussia profile ↗

Decision trail

Decision date 11/05/2023 · Reference ↗

Murad Bayar, CEO of IC Holding, stated that Russia is an important and permanent market for his company. Bayar highlighted the group's long-standing relationship with Russia, exemplified by their role as prime contractor for the Akkuyu nuclear power plant (NPP). In addition, he noted that negotiations are ongoing regarding investments in the region's infrastructure.

Status history since 2022

  1. 03/08/2026 operating · Imported from KSE LeaveRussia

Possible sanctions matches

Name-based matches against EU/US/UK lists — verify identity before drawing conclusions.

Exposure profile

Full exposure profile is a Professional feature

Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.

Upgrade to Professional
Statuses, logos and narrative notes are compiled from public reporting and the KSE LeaveRussia project. Found an error? See our corrections policy.