Business
Yandex gets a new set of owners Paid 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
Russia invests in a homemade Wikipedia, in the hope of blocking the original Paid 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
Russia’s “lottery king” buying up Western assets Paid 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
Kremlin delays Baring Vostok’s exit as it eyes billion-dollar stake in ‘Russia’s Amazon’ Paid 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
The latest travails of the Alfa Group owners: Detained in France, forgiven in Russia Paid 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
Fridman heads home, as pro-war lobby push for punishments against emigrants Paid 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
The Putin-linked scion behind Russia’s ‘YouTube killer’ Paid Members Public
Russian authorities have long sought a viable domestic alternative to YouTube in their fight to neutralize the site’s rising and stubborn popularity. In Russia, YouTube is home to interviews and reports by independent journalists, and opposition politicians rack up hundreds of thousands of views for their videos. Unlike many
Jailed billionaire demands $14 billion from Russian state companies Paid Members Public
Despite serving a 19-year jail term, Russian billionaire Ziyavudin Magomedov showed last week that he is willing and able to strike against state companies from a prison cell, lodging a case with London’s High Court demanding $14 billion in compensation for assets seized from him following his arrest in
