Business

Yandex: the end of independence Members Public

For the past 25 years, Yandex, arguably Russia’s most innovative company, has struggled to preserve its independence from the Kremlin. The announcement of a planned $5.2-billion deal to sell the company’s Russian businesses to a consortium of investors brought an end to that era, raising questions over

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Business

The plot to extort the biggest bribe in Russian history Members Public

Russian investigators are currently probing a case related to the biggest attempted bribe in recorded Russian history. FSB officers and officials from the Investigative Committee are said to have fabricated a murder case then tried to use it to extort 15 billion rubles ($200 million) from the alleged suspects, the

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Business

Yandex gets a new set of owners Members Public

The two-year saga surrounding the sale of Yandex’s Russian assets is nearing its end. Russia’s leading internet company announced Monday that it is dividing its business in two. Founder Arkady Volozh, who lives in Israel and has condemned Russia’s invasion of Ukraine, will keep hold of a

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Business

Russia invests in a homemade Wikipedia, in the hope of blocking the original Members Public

Russia launched the Ruwiki platform this week, the latest Wikipedia clone it hopes will secure an audience at home. The success of the project may determine the fate of Wikipedia itself inside Russia. The authorities would like to block the site, but can’t while it remains overwhelmingly popular throughout

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Russia’s “lottery king” buying up Western assets Members Public

The departure of Western firms from Russia has created a new cadre of Russian business elite, as previously little-known figures snap up lucrative assets at cut price assets. The Bell investigated the case of one such figure, Armen Sarkisyan, who has bought a string of Western companies over the last

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Kremlin delays Baring Vostok’s exit as it eyes billion-dollar stake in ‘Russia’s Amazon’ Members Public

The Baring Vostok investment fund, set up by American investor Michael Calvey and partners, was one of the first to specialize in direct investment in Russia. It’s no exaggeration to say that without Baring Vostok, some of the most iconic Russian companies that dominate the domestic market today might

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The latest travails of the Alfa Group owners: Detained in France, forgiven in Russia Members Public

The co-owners of Alfa Group, one of Russia’s largest business groups, have been held in disgrace in the West since the invasion of Ukraine — a point of view cemented by them being added to, and not removed from, various sanctions lists. Last year, British police searched properties belonging to

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Fridman heads home, as pro-war lobby push for punishments against emigrants Members Public

Russia’s pro-war lobby last week launched a new campaign against Russian citizens who left the country after the invasion of Ukraine. The speaker of Russia’s Duma, Vyacheslav Volodin, proposed conducting checks on those that come back to Russia to ensure they showed no “desire for Nazi victory,” in

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