Entreprises

The New Russians: Who is buying up the assets of Western companies leaving Russia? PRO Members Public
The war in Ukraine is changing business in Russia beyond all recognition. This has been obvious from the very first days of the invasion, with Western companies announcing departures in their droves and dozens of Russian business leaders falling under sanctions. The Bell has analyzed exactly who is coming out

Aircraft delays PRO Members Public
* Russia’s aviation industry is among the hardest hit by Western sanctions imposed over Moscow’s invasion of Ukraine. Airlines lost access to leased Airbus and Boeing aircraft and could no longer easily buy parts to service their fleets. A multi-billion-dollar state program to produce home-made planes was meant to

Yandex: the end of independence PRO Members Public
For the past 25 years, Yandex, arguably Russia’s most innovative company, has struggled to preserve its independence from the Kremlin. The announcement of a planned $5.2-billion deal to sell the company’s Russian businesses to a consortium of investors brought an end to that era, raising questions over

The plot to extort the biggest bribe in Russian history PRO Members Public
Russian investigators are currently probing a case related to the biggest attempted bribe in recorded Russian history. FSB officers and officials from the Investigative Committee are said to have fabricated a murder case then tried to use it to extort 15 billion rubles ($200 million) from the alleged suspects, the

Yandex gets a new set of owners PRO 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 PRO 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 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