russian tycoons earned $11 billion on the boom in the military economy. UNN writes about this with reference to Bloomberg.
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The members of the russian Forbes list and minority partners of their companies received billions of dollars in dividends as these companies resumed or even increased profit distribution to shareholders. According to Bloomberg, the increase in millionaires' incomes came amidst an easing of economic uncertainty over the war unleashed by russia in Ukraine.
At least a dozen businessmen earned more than $11.3 billion in 2023 and in the first quarter of 2024, Bloomberg calculates. Many of them have close ties to putin and have been sanctioned because of the full-scale war in Ukraine. At the top of the list is vagit alekperov, a key shareholder in the oil giant Lukoil. He is under sanctions from the UK and Australia, but has so far avoided fines from the US and the EU.
The next to go were billionaires alexei mordashov of severstal and vladimir lisin of NLMK. mordashov was sanctioned by the US, UK and EU, while Lisin is not under any serious restrictions.
The list also includes putin's ally, billionaire gennady timchenko, and tatyana litvinenko, who received a stake in fosagro before her husband, vladimir litvinenko, was placed under US sanctions in 2023. litvinenko is the rector of the st. petersburg mining university, where putin received his doctorate in 1997, and has managed many presidential campaigns.
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russia's norilsk nickel is in talks with China Copper to set up a joint venture in China, which would allow the russian company to relocate all of its facilities there, potentially becoming the first russian company to relocate due to Western sanctions on russian metals.
З початку року російські мільярдери стали багатшими на 18,3 млрд доларів01.04.24, 16:24