Entreprises

Wildberries set for new Putin-approved shareholders PRO Members Public
A very strange deal is in the works involving Russia’s largest online marketplace, Wildberries. The company, which sees around 2.5 trillion rubles’ ($27.5 billion) worth of business a year, is set to merge with the Russ group, Russia’s leader in outdoor advertising. The merger has Putin’

Hamster Kombat takes Telegram by storm, helping app’s crypto ambitions PRO Members Public
A Russian-developed mobile game linked to the world of cryptocurrency has proved a mega hit for Telegram, providing a big boost to the app’s founder, Pavel Durov, and his own blockchain project. Hamster Kombat, a simple game in which players pound their phone screens to generate virtual currency, has

War helps Russian jewelry market shine again PRO Members Public
Money from the war is pumping up the unlikeliest corners of the Russian economy. As soldiers’ families back home look to splash the cash from their loved ones’ bumper salaries, retail sales of jewelry are set to climb by at least 15-20% this year, according to figures collected by Kommersant.

‘Pirate’ Western cars go on sale PRO Members Public
Almost all international car brands have left Russia since the start of the war, and it has become impossible to continue making authentic and licensed foreign vehicles from Russian factories. However, a loophole has emerged that enables Russian companies to manufacture so-called “pirate” cars, branded as Western models without the

The Great Repatriation: Russian millionaires bring their cash back to the Motherland PRO Members Public
After trying to send their money overseas in the immediate aftermath of Moscow’s invasion of Ukraine, wealthy Russians are now bringing their millions back home, new data shows. The number of high net worth individuals jumped back above pre-war levels last year, after falling in 2022. Some 22,000

Medvedev threatens reprisals against Yandex bosses over GPT chatbot PRO Members Public
Former president Dmitry Medvedev, the most prominent hawk among senior Russian officials, criticized Yandex’s efforts to create an artificial neural network. Medvedev was unhappy with the efforts of the company, sometimes dubbed “Russia’s Google”, because its AI chatbot refused to answer questions about Ukraine. * Medvedev, now deputy chair

Russia’s VK could be about to get a new CEO PRO Members Public
Vladimir Putin’s inauguration — the official start of his new presidential term — is set for May 7. Talk is swirling that a possible government reshuffle could soon follow. It is not just ministries that are preparing for a leadership change, state-run companies are as well. One of the most widely

The state’s flagship patriotic video game flops PRO Members Public
Le lancement très attendu d'un jeu vidéo d'aventure patriotique financé par l'État, dont l'action se déroule en 1612 et est basée sur la résistance aux forces polonaises en guerre contre la Russie, est tombé à plat. Les critiques ont déclaré que le jeu, The Time of Troubles, était ennuyeux et ne parvenait pas à rivaliser avec d'autres jeux sur le marché. * Le jeu est basé sur

How a car salesman became the biggest winner of the corporate exodus from Russia PRO Members Public
The Bell has published a major investigation into Alexander Varshavsky — a car dealership owner who now controls the Russian assets of Volkswagen and Hyundai and is one of the biggest winners of the mass departure of foreign firms from the Russian market. * Alexander Varshavsky and his business partner Kamo Avagumyan

Alexander Varshavsky: The car salesman who became the biggest winner of Russia’s corporate exodus PRO Members Public
The mass departure of international firms from Russia has provided a golden opportunity for previously mid-ranking Russian business owners to jump into the ranks of the corporate elite. Nobody has taken better advantage of the once-in-a-generation chance to snap up profitable companies at massive discounts than Alexander Varshavsky and Kamo