Tag Archives: Eng

Four worrying signs for the Russian economy — The Bell — Eng

Four worrying signs for the Russian economy — The Bell — Eng

The Russian economy is approaching the end of 2022 in a far better state than many had anticipated in the spring following the invasion of Ukraine and ensuing Western sanctions. The fall in GDP has only amounted to about 3% or even less, and the U.S. dollar is still trading at less than 65 rubles. Even the Western ban on high-tech imports, although challenging, has proved manageable. But none of this means that Russia’s economy is out of the woods: many risks still remain. We asked… Source link

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Kudrin leaves public office to take top role at new look Yandex — The Bell — Eng

Kudrin leaves public office to take top role at new look Yandex — The Bell — Eng

Former Finance Minister Aleksei Kudrin, once a leading liberal in President Vladimir Putin’s inner circle, is leaving public service to go into business. He is set to take charge of Yandex, Russia’s leading IT company. The transformation of a senior official into a businessman appears to be one of those common attempts to convert political capital into money. However, for Kudrin, it is also a chance to distance himself from the Kremlin and the war. At a closed-doors meeting last week,… Source link

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Kudrin & Yandex — The Bell — Eng

Kudrin & Yandex — The Bell — Eng

Hello! This week our top story is about former Finance Minister Aleksei Kudrin’s role in getting Kremlin approval to break up Yandex — and his decision to take a top role at the company. We also look at the fuss over Immigram when it had a prestigious European prize rescinded over links to Russia, and President Vladimir Putin’s staged meeting with mothers of soldiers killed on the frontlines in Ukraine. Former Finance Minister Aleksei Kudrin, once a leading liberal in President Vladimir… Source link

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