Russia’s Consumers Still in Shock as They Cut Back on Food and Medicine

Cash, Calculator, Pen

(Bloomberg – – Olga Tanas – July 19, 2016) With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen. Billionaire Sergey Galitskiy’s retailer, which operates almost 13,000 outlets […]

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How to Become a Russian Billionaire With No Help from the Kremlin

Krasnodar and Road

(Bloomberg – – Ilya Khrennikov – November 20, 2014) It’s a hot day in Krasnodar, deep in southern Russia. The action is hot on the soccer field, too. Ari, the local club’s Brazilian striker, takes a pass from the left flank and scores a beautiful goal. Ari (full name Ariclenes da Silva Ferreira) then wheels away in celebration to […]

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