Russian Central Bank takes emegency measures as the ruble plummets Paid Members Public
Russia’s Central Bank, which is also responsible for national monetary policy, is trying to strengthen the falling ruble. Last week, it refused to invest in foreign currency as required by budget rules. But on Monday, as the dollar rate reached 100 rubles for the frst time since March 2022,
Volozh against the war Paid Members Public
Arkady Volozh, co-founder of Russian tech giant Yandex, spoke out last week against “Russia’s barbaric invasion of Ukraine.” His statement came after 18 months of silence during the war, surprising Yandex, where Volozh is the de jure boss as part of a collective management group. Volozh is only the
THE BELL WEEKLY: The Founder of “Russian Google” Condemns the War Paid Members Public
Hello! This week, our main story is comments from the founder of Yandex, in which he criticized Moscow’s invasion of Ukraine as “barbaric.” We also explore the decision by Russia’s Central Bank to call an extraordinary meeting to stop the ruble from plummeting below 100 against the dollar.
Yandex founder Arkady Volozh condemns "barbaric Russian invasion of Ukraine" Paid Members Public
Arkady Volozh, the founder of Russia's largest tech company Yandex, has denounced Russia's invasion of Ukraine in a statement provided to The Bell by his press service. Like most major Russian businessmen, Volozh had previously remained silent on the issue. Volozh has been criticized since the
Market research is the latest victim of Russia’s spy obsession Paid Members Public
Amid its persistent battles against Western espionage and the driving forces behind sanctions, the State Duma has found a convenient new target — foreign firms engaged in researching Russia's consumer market. The Duma has moved to ban such companies from conducting market research, a sector where international entities have
Yandex founder labels himself “Israeli businessman,” inflaming Russia’s opposition Paid Members Public
Arkady Volozh, the founder of Russian IT giant Yandex, found himself at the center of a mini-scandal after Russian opposition figures saw his new personal promotional website, where he describes himself as “an Israeli businessman, born in Kazakhstan” — and barely mentions Russia, where he lived most of his life and
Falling ruble forces Russia to abandon its own budget principles Paid Members Public
The Russian ruble has continued its steep decline, reaching 95 rubles against the dollar and 105 against the euro this week. For Russians, this is more than the usual psychological blow (many are used to using the exchange rate as a barometer for the economy’s fortunes): it is a
THE BELL WEEKLY: Government trying to ease pressure on the ruble Paid Members Public
Hello! This week, our main story is another week of turbulence for the ruble, as the falling national currency can push the government into abandoning one of its key budget principles. We also look at the founder of Yandex rebrand himself as “an Israeli businessman, born in Kazakhstan” and explain
