Leading Russian Economist Slams Medvedev’s Move To ‘Police’ State Companies

Empty Boardroom

(RIA Novosti – Moscow, July 22, 2013) Head of research at the Higher School of Economics Yevgeniy Yasin has described the Russian government instruction placing heads of state companies under obligation to account for their income and spending on par with officials as “absolute piffle”. Instead of building these mechanisms, one should continue the course to privatization, the economist has […]

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Chubais sees income drop 42.5 mln rubles in 2012

Anatoly Chubais file photo

(Interfax – MOSCOW, July 15, 2013) The income of the CEO of state company Rusnano, Anatoly Chubais fell by 42.5 million rubles to 217.7 million rubles in 2012 from 260.2 million rubles a year earlier. Chubais’ income from his main place of work dropped to 20.55 million rubles from 22.4 million rubles, materials from the state company show. As of […]

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Senators Choose Business or Power

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Moscow Times/RIA Novosti – July 16, 2013) Though the spring session of the upper house of parliament is over, it might not signal an end to the steady stream of wealthy senators who have stepped down as the Kremlin put forward new restrictions on officials owning assets abroad. The nine members of the 166-seat Federation Council who have left since […]

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World Bank and IMF added Russia to the list of rich countries

File Photo of Cash, Coins, Line Graph

(Business New Europe – bne.eu – July 5, 2013) World Bank and IMF upgraded Russia’s position in national income rating. World Bank has ranked the country 72nd in its gross national income (GNI) per capita rating. Now Russia classifies as a country with a high income level, as follows from the organization’s statement. “The major change for 2013 classification (FY14) […]

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New Wealthy Russians Join Forbes Rich List

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(RIA Novosti – MOSCOW, April 18, 2013) ­ Moscow’s chief obstetrician, a deputy to Russia’s voucher privatization architect Anatoly Chubais and the rector of a university where President Vladimir Putin defended his thesis are among the lucky ones who have joined Forbes’ 2013 Wealthiest Russian Businessmen List published on Thursday. Alisher Usmanov, the owner of Metalloinvest metals giant and a […]

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Russian opposition leader Navalnyy publishes his income declaration

Alexei Navalny file photo

(Interfax – Moscow, April 16, 2013) Opposition representative Aleksandr Navalnyy has published his income declaration for the year 2012, according to which his income from his work as a lawyer amounted to nearly R7.5m (about 183,000 dollars). Navalnyy posted his declaration on his webpage in Live Journal (http://navalny.livejournal.com/789792.html). According to the documents, the income from his activities as a lawyer […]

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Russians want to know MP’s income, spending, would ban foreign assets – poll

Duma Session file photo

(Interfax –  Moscow, April 15, 2013) Only 4 per cent of Russian do not care what incomes State Duma deputies have, while the vast majority (92 per cent) would like to know this and therefore support the use of such measures as mandatory declaration of incomes and spending for the elected representatives of the people. Some 90 per cent of […]

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Officials’ Income Declarations Released

Kremlin and Moscow Environs Aerial View

(Moscow Times – themoscowtimes.com – April 15, 2013) Income declarations for 2012 for the president, members of the presidential administration, government officials and Federation Council officials were published on Friday, showing revenues that ranged from hundreds of thousands to hundreds of millions of rubles, and from one to several pieces of real estate. In the overall picture, President Vladimir Putin […]

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Income declarations of Putin, his administration to be released in April – Peskov

File Photo of Vladimir Putin Sitting at Desk

(Interfax – MOSCOW. April 9, 2013) Income declarations of Russian President Vladimir Putin and officials of his administration will be released in mid April in line with previous plans. “Formally (in accordance with the president’s decrees from April 2) we don’t have to do it in April. But income declarations have already been submitted to the administration and nothing prevents […]

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Putin’s income declaration to be published in mid-April – spokesman

Vladimir Putin file photo

MOSCOW. March 31 (Interfax) – President Vladimir Putin and the other Kremlin officials declared their incomes before April 1, as required, and their income declarations will be published in mid-April, Kremlin spokesman Dmitry Peskov has announced. “All income declarations for 2012 have been submitted and they will be processed and published within two weeks,” Peskov said. The Kremlin releases income […]

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Russian lawmakers are richer than ministers – poll

Duma Session file photo

MOSCOW. March 26 (Interfax) – Recent polls indicate that in the opinion of Russian citizens, lawmakers are the wealthiest of civil servants, and they proposed setting an income limit for those seeking civil service. Fifty-five percent of respondents said deputies of the State Duma and the Federation Council are the richest among civil servants, and 52% said government executives are, […]

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Most Russians Suspicious of Wealth, Survey Shows

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Moscow Times – themoscowtimes.com – March 26, 2013) Most Russians find it distasteful when lawmakers and officials are wealthy, a survey published Tuesday said. According to a poll conducted by the Levada Center, 77 percent of Russians believe it’s either “indecent” or “criminal” for government representatives to be flush with money, Kommersant reported. An even greater proportion, 82 percent of […]

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Putin Allies Climb Up Forbes List

File Photo of Man Placing Stack of Large Bills into Inside Pocket of Suitcoat

(Moscow Times – themoscowtimes.com – Howard Amos – March 4, 2013) The personal fortunes of businessmen rumored to enjoy close relationships with President Vladimir Putin jumped sharply in a new Forbes ranking Monday as Facebook investor Alisher Usmanov retained the title of Russia’s richest man. The wealth of Gennady Timchenko, owner of oil trader Gunvor and a large stakeholder in […]

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NEWSLINK: The Illusion of a Rich Russia

File Photo of Cash, Coins, Line Graph

[The Illusion of a Rich Russia – Moscow Times/Vedomosti – Dec. 3, 2012 – http://www.themoscowtimes.com/opinion/article/the-illusion-of-a-rich-russia/472315.html] The Moscow Times provides an English-language version of a Vedomosti editorial about perceptions and realities of wealth and poverty in Russia, holding that “Amid all of the seemingly good news, however, Russia’s poverty problem is far from conquered.” First Vedomosti recounts some of the Western […]

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