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In the spring of 2023, the Sova Capital Limited investment brokerage firm won a lawsuit against a major creditor. The company belongs to Roman Avdeev, a Russian billionaire and the founder of the Rossium Concern, who is also known as the owner of Moscow’s Torpedo Football Club and a shareholder of the Credit Bank of Moscow. The lawsuit was heard…

An exhibition titled “Olympic Games in Artifacts” was presented as part of the latest St. Petersburg International Economic Forum (SPIEF-2023). Drawn from the private collection of Russian billionaire Vladimir Potanin, the exhibits were put on public display in the State Museum of Sports in St. Petersburg. Potanin’s private collection of Olympics-related objects is one of the largest in this field…

As of late 2022, Roman Abramovich’s personal fortune shrank by half. Therefore, he has lost much more than other Russian billionaires. Bloomberg estimated his wealth at $7.8 billion at the end of 2022. A significant share of this amount is illiquid or inaccessible to the Russian entrepreneur because of international sanctions. He is also unable to benefit from his private…

Vladimir Lisin, the owner of the Novolipetsk Steel (NLMK) group of companies, tops the Russian Forbes list of Russians with the highest dividend income for the last three years. From 2019 to 2021, Lisin received 513.8  billion rubles from the companies in which he is listed as a shareholder. His runner-up earned around 170 billion rubles less. Alexander Mordashov, who ranks second,…

On July 20, the British government announced the decision to lift the sanctions imposed on Oleg Tinkov, a high-profile Russian entrepreneur and the founder of Tinkoff Bank. The banker had been under personal sanctions since March 2022. An update published on the government website reads: “The following entry has been removed from the Consolidated List and is no longer subject…