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Mail.Ru Group estimates $13 million losses due to blocking of its services on the territory of Ukraine
Due to the blocking of VKontakte, Odnoklassniki, and other Mail.Ru Group services in Ukraine, the company will lose about 1.5% of its revenues in 2017, which is about 790 million to 809 million rubles or slightly over thirteen million dollars. This is reported in the company's report for the second quarter of 2017.
"The blocking of our products in Ukraine in the second quarter had an adverse impact on our revenues. We estimate the negative impact at 1.5% of our total revenue in 2017. Despite …
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Russian journalist sentenced to 3.5 years for investigating incomes of the high ranking officials
The Tverskoy District Court of Moscow sentenced Alexander Sokolov, a journalist of RosBusinessConsuilting Media group (RBC), to three and a half years incarceration in general-regime correctional facility, reported Dozhd TV channel.
Sokolov was accused of organizing the activity of an extremist organization. The court also sentenced Sokolov to 1 year of parole following his incarceration. The term of punishment was commenced from the moment of Sokolov's arrest, which was July 28, 2015.
Three …
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Russia introduces emergency administration in the largest Crimean bank due to insolvency
The Central Bank of Russia introduced a temporary administration in Genbank, one of the largest banks in the Crimea, as reported on the bank’s website.
The bank, which was found to have a shortage of funds, will be salvaged by becoming a part of Sobinbank, which is part of the Bank Rossiya Group. The US Department of the Treasury believes that Rossiya is the personal bank of the top leadership of the Russian Federation. The shareholders of the institution are members of President Putin’s inner …
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Crimean authorities are investigating why most of the generators on the peninsula are out of order
Vladimir Serov, Deputy Prime Minister of Kremlin-controlled Crimea, requested an official investigation into the fact that most of the diesel generators on the peninsula are not in an operational condition, Krym.Realii reported with reference to the press service of the Russian government of the Crimea.
“It is not weather conditions which are to blame for the fact that out of the 284 diesel generators we have, only 75 work, but the people who do certain jobs. I ask for an official …
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Russia denies explosion mark findings on President Kaczynski's plane
The Polish state sub-commission conducting investigation into the crash of President Lech Kaczyński’s Tu-154M plane said that the wing wreckage shows signs of an explosion which are not related to the collision with the birch, but the Investigative Committee of Russia (ICR) dismissed this claim as “baseless”, Interfax reports.
“It is absolutely incomprehensible what these subsequent findings of the Polish experts are based on. When ballistic and explosive experts’ examinations were done …