Business
A Broker Popular with Russian Investors Is Accused of Dodging Sanctions Paid Members Public
On Aug. 15, activist short sellers from Hindenburg Research accused Freedom Holdings, a broker popular with Russian investors, of falsifying reports and circumventing sanctions. Hindenburg’s sources said that Freedom’s clients brought suitcases stuffed with cash, and its employees broke the law to launder millions of dollars of dirty
Tax leaks expose the huge salaries of state company bosses Paid Members Public
A leak of Russian tax data for 2020 enabled researchers to work out the incomes of the directors of two leading state companies – Rosneft boss Igor Sechin, and the head of one of Russia’s biggest banks, VTB’s Andrei Kostin. Both received salaries huge enough to cover the annual
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
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
Putin allows the nationalization of Russia’s largest Western-owned consumer companies Paid Members Public
President Vladimir Putin signed a decree that transferred the shares of foreign shareholders to the “temporary control” of Rosimushchestvo, the agency responsible for state property. The decree affects the Baltika brewery, which is 100% owned by Denmark’s Carlsberg, and dairy firm Danone Rossiya, which is owned by France's Danone.
Coca-Cola quit Russia, but you can still find it on the country's shelves. How? Paid Members Public
Coca-Cola announced it was leaving the Russian market back in March 2022 as part of the global response to the invasion of Ukraine. Coca-Cola HBC, the Greek-owned company that bottled and sold Coke in Russia, switched to a new brand, Dobry Cola. Yet the U.S. soft drink giant remains
Bacardi breaks its promise to end trade with Russia, sees profits triple Paid Members Public
Following Russia's invasion of Ukraine in 2022, alcohol manufacturer Bacardi International announced that it would stop exporting its alcoholic beverages to Russia and freeze investment and promotion programs. However, over the past year, Bacardi's Russian subsidiary has experienced a threefold increase in profits. * In March of last year, Bacardi International
The “Russian Davos” will debate “traditional values” and how to return Russians who fled abroad Paid Members Public
The St. Petersburg International Economic Forum (SPIEF) — known as the “Russian Davos” — kicks off next week, the second time the event has been held since Moscow invaded Ukraine. This year, organizers have banned all Western press from covering the forum, while introducing a program devoted to discussions on “ethnic conservation”
