Business
Russia’s “lottery king” buying up Western assets PRO 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’ PRO 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 PRO 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 PRO 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’ PRO 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 PRO 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
A Broker Popular with Russian Investors Is Accused of Dodging Sanctions PRO 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 PRO 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 PRO 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 PRO 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
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The Bell was founded in 2017 by journalists Elizaveta Osetinskaya, Irina Malkova and Peter Mironenko as a news outlet independent from the Russian authorities, after its founders have been sacked as top editors at the largest Russian news website RBC because of pressure from the Kremlin.
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