Divorce, Kadyrov and corporate raiders: The blockbuster saga at Wildberries PRO Members Public
Online shopping has belatedly become a major industry across Russia over the last five years. After a slow start, online marketplaces are thriving and pick-up points can be found all over the country, even in the smallest remote villages. But market leader Wildberries hit the headlines last week for something
THE BELL WEEKLY: Primetime scandal at Russia’s Amazon PRO Members Public
Hello! This week we look at an eye-popping scandal at Wildberries — Russia’s answer to Amazon — and how Chechen strongman Ramzan Kadyrov got himself involved in the founder’s divorce. We also cover Russian propagandists having a field day with the Olympics opening ceremony and the war veterans being pushed
Another Kremlin appointment at Moscow’s once-famed independent university PRO Members Public
Vladimir Putin’s notorious former economic advisor Sergei Glazyev is now a research fellow at Moscow’s Higher School of Economics — the latest sign of the Kremlin’s control over what used to be Russia’s leading liberal university. * Economist Sergei Glazyev was appointed chief researcher at the Higher School
Yandex founder tells The Bell about his new business PRO Members Public
After months of negotiations, Yandex has completed its break-up — splitting into a Russian arm that will keep the name, and the vast majority of the company’s revenues, employees and services; and an international division, to be headed up by its founder, Russian tech tycoon Arkady Volozh. In his only
THE BELL WEEKLY. ‘More than hype’: Yandex founder bets on AI PRO Members Public
Hello! This week we spoke to Yandex founder Arkady Volozh about his new business venture following the multi-billion-dollar break-up of the Russian tech giant. We also look at how a university appointment reveals the Kremlin’s deepening control over the most liberal corners of higher education. Yandex founder tells The
Jet crash prompts speculation over Russia’s import substitution drive PRO Members Public
Last Friday, a Russian Sukhoi Superjet (SSJ) 100 passenger aircraft crashed near Moscow, killing all three crew members on board. The plane was flying to Moscow’s Vnukovo airport after having undergone repair work. First developed in the 2000s, the model never took off with airlines either abroad or at
Russia cancels national ID cards for anti-war exiles PRO Members Public
It seems that the Russian authorities have found a new way of pressuring opposition activists who left the country: annulling their internal passports — effectively a national ID card. So far a few cases have emerged and it is not clear whether this will be a widespread measure. But the potential
Russia puts the brakes on YouTube, WhatsApp PRO Members Public
After abandoning plans to block popular Western internet services, the Russian authorities have now moved to trying to slow them down. This week it emerged that YouTube was being throttled — a platform where millions of Russians watch reports and interviews from independent journalists undermining the Kremlin’s case for its
THE BELL WEEKLY: The Kremlin versus YouTube PRO Members Public
Hello! This week we cover Russian authorities slowing down traffic to YouTube and WhatsApp. We also look at the latest targeting of anti-war exiles and why a plane crash has shone a light on Russia’s import substitution drive. Russia puts the brakes on YouTube, WhatsApp After abandoning plans to
Russia ends subsidized mortgages, leaving a housing bubble and inequality behind PRO Members Public
On July 1, Russia halted its preferential mortgage program after awarding loans to millions of people at interest rates of up to 8% — half the Central Bank’s current base rate. The program was first introduced to support the real estate market during the Covid pandemic, but ultimately proved hugely