Contents tagged with Mordashov
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Russian billionaire warns of economic collapse caused by Russia’s isolation
Russia is critically dependent on exports and imports, and economic isolation will be a "disaster", said the chairman of the board of directors of the Russian conglomerate Severstal, the 4th richest man of Russia, Alexei Mordashov during Gaidar Forum.
"We are a country that is very dependent on exports and imports. If it stops tomorrow, the national economy will shrink twofold. We will simply physically stop, just because almost half of the budget depends on oil and gas export revenues," …
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Five Russian billionaires earned more in 2019 than the entire population of Russia
At a time when the incomes of most Russian citizens are still stagnating after a record dip since the 1990s, Russia’s billionaires have continued to amass wealth at a startling rate.
According to Forbes, the five wealthiest Russians became $27 billion richer.
Converted to rubles at the current exchange rate, Nornickel stakeholder Vladimir Potanin, Novatek co-owner Leonid Mikhelson, Lukoil president Vagit Alekperov, Vladimir Putin’s “friend” Gennady Timchenko and Power Machines’ owner Alexey …