Business
Putin allows the nationalization of Russia’s largest Western-owned consumer companies PRO 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'
Coca-Cola quit Russia, but you can still find it on the country's shelves. How? PRO 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 PRO 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
The “Russian Davos” will debate “traditional values” and how to return Russians who fled abroad PRO 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”
Billionaires compete to buy the ‘Russian Google’ PRO Members Public
Yandex, one of Russia’s biggest IT companies and a local equivalent of Google, is about to decide on its new owners. The corporation is currently going through a “divorce” from its founder, Arkady Volozh, who is retaining part of the company’s businesses to develop them abroad. As The
Russia opts for nationalization of foreign firms PRO Members Public
More than 14 months after launching the invasion of Ukraine, the Kremlin has begun to nationalize the assets of foreign companies. A presidential decree published Tuesday bestowing the new powers said they were in response to the nationalization of Russian assets abroad. The first targets were Finland’s Fortum and
Russia looks to ensure social media influencers pay tax PRO Members Public
The Russian authorities appear to be continuing in their quest for ways to maximize tax revenue amid Western sanctions and rising military expenditure. Now, even the country’s social media stars are in their sights. Police last week carried out a very public arrest of Yelena Blinovskaya, a self-styled “personal
How Rostec cleaned up anonymous Telegram channels — a joint investigation by The Bell with Meduza PRO Members Public
Over the past year, Russian state corporation Rostec has been waging a war on two fronts. In addition to supplying weapons for the Russian military, it’s also fighting to rid Telegram of any criticism of its head, Sergei Chemezov, its former PR chief Vasily Brovko, and his wife Tina
Guest list scrutiny as Putin meeting with billionaires PRO Members Public
At his second meeting with major business leaders since the start of the war, Putin last week praised those who “stayed here and didn’t leave.” Behind closed doors, there were discussions of a 300 billion ruble “voluntary contribution” that most businessmen still hope to see presented as a tax
Russian opposition splits over support for lifting sanctions on oligarchs PRO Members Public
Lobbying by prominent billionaires Mikhail Fridman and Pyotr Aven in an attempt to have European sanctions on them lifted caused a bitter row last week. The tycoons, who are co-owners of one of Russia’s biggest investment outfits, Alfa Group, tried to recruit the leaders of Russia’s opposition in
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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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