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Russneft
Russneft () is a Russian oil company headquartered in Moscow which was established by Mikhail Gutseriev in 2002. It is a member of the SAFMAR industrial and financial group. Background Russneft was founded in September 2002 by Mikhail Gutseriev, a Russian businessperson and philanthropist, with support from the Swiss company Glencore. It included early oil-production operations in West Siberia, Ulyanovsk, the Saratov and Penza regions, Udmurtia, and the Komi Republic. Russneft purchased oil processing and distribution plants in Orenburg Oblast and Krasnodar Krai regions in 2006, becoming a vertically-integrated oil holding company. It is one of Russia's top ten vertically-integrated oil companies, producing 10 million tons and processing nine million tons. Some of Russneft's assets were transferred to the oil-processing holding companies Forteinvest and NK Neftisa, both owned by Gutseriev. The Khanty-Mansi oil company and the Nazymskaya oil and gas exploration expedition, both ...
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Mikhail Gutseriyev
Mikail (Mikhail) Safarbekovich Gutseriev (russian: Михаи́л Сафарбе́кович Гуцери́ев; born 9 March 1958 in Akmolinsk, Kazakh SSR, Soviet Union) is a Russian billionaire businessperson. Gutseriev earned his fortune after the collapse of the Soviet Union. He is the former owner of Russneft, one of Russia's largest oil companies. Since 2002, he has been the permanent participant of the Forbes annual ranking of 200 richest Russians, where, as of 2021, he has taken 60th place with $2.5 billion. He fled Russia in 2007 after being charged with tax evasion. In 2010, he came back to Russia after the charges were withdrawn. In 2021, following 2020–2021 Belarusian protests, Gutseriev was sanctioned by the European Union and the United Kingdom for his long-standing support and friendship with Belarusian President Alexander Lukashenko. Biography Gutseriev was born on 9 March 1958 in a large Ingush family in Akmolinsk. His family was repressed and exiled to Kaz ...
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SAFMAR
Industrial and Financial Group SAFMAR is a Russian multisectoral conglomerate. The Group includes oil producing, oil processing, coal and potash companies, financial assets, retail chains, construction and development holdings, companies engaged in commercial property management, logistics centers, hotels, media resources among which are radio stations and TV channels. History Safmar Group was established by Mikhail Gutseriev, a Russian entrepreneur. The name SAFMAR is comprised from the first letters of his parents’ names Safarbek and Marem. Industrial companies owned by Mr. Gutseriev appeared to be the cornerstone of the Group. Their dynamic development allowed allocating the funds for the purchase of the new assets in different sectors thus leading to business diversification. This portfolio of assets required efficient management for which a joint stock company Safmar Group was incorporated. Mikhail Gutseriev is the Chairman of the Group's Board of Directors and he determ ...
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Ведомости
''Vedomosti'' ( rus, Ведомости, p=ˈvʲedəməsʲtʲɪ, ) is a Russian-language business daily newspaper published in Moscow. History ''Vedomosti'' was founded in 1999 as a joint venture between Dow Jones, who publishes ''The Wall Street Journal''; Pearson, who previously published the ''Financial Times''; and Independent Media, who publishes ''The Moscow Times''. Independent Media was acquired by Finnish media company Sanoma in 2005. Leonid Bereshidsky was the first chief editor, till he entered INSEAD business school in 2002 and was replaced by Tatiana Lysova. From 2007 till 2010, Elizaveta Osetinskaja served as chief editor. In 2010 she became chief editor of the online version of the newspaper. She was replaced by former chief editor Tatiana Lysova. Sanoma sold its stake in the paper to , former chief executive of ''Kommersant'', in April 2015. Ahead of a new Russian media ownership law prohibiting foreign enterprises from owning more than 20% of Russian media c ...
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Authorised Capital
The authorised capital of a company sometimes referred to as the authorised share capital, registered capital or nominal capital, particularly in the United States) is the maximum amount of share capital that the company is authorised by its constitutional documents to issue (allocate) to shareholders. Part of the authorised capital can (and frequently does) remain unissued. The authorised capital can be changed with shareholders' approval. The part of the authorised capital which has been issued to shareholders is referred to as the issued share capital of the company. The device of the authorised capital is used to limit or control the ability of the directors to issue or allot new shares, which may have consequences in the control of a company or otherwise alter the balance of control between shareholders. Such an issue of shares to new shareholders may also shift the profit distribution balance, for example if new shares are issued at face value and not at market value. The ...
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Moscow Exchange
The Moscow Exchange (MOEX; rus, Московская биржа, r=Moskovskaya birzha, p=mɐˈskofskəjə ˈbʲirʐə, a=) is the largest exchange in Russia, operating trading markets in equities, bonds, derivatives, the foreign exchange market, money markets, and precious metals. The Moscow Exchange also operates Russia's central securities depository, the National Settlement Depository (NSD), and the country's largest clearing service provider, the National Clearing Centre. The exchange was formed in 2011 in a merger of the Moscow Interbank Currency Exchange and the Russian Trading System. Trading at the exchange was suspended on 24 February 2022, following Russia's invasion of Ukraine. Trading remained suspended until 21 March, and was then only opened for state bonds. The exchange was also targeted as part of international sanctions against Russia. On August 15 2022, it was announced that the bond market opened to friendly investors. History The Moscow Exchange was estab ...
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Alexander Lukashenko
Alexander Grigoryevich Lukashenko (as transliterated from Russian language, Russian; also transliterated from Belarusian language, Belarusian as Alyaksand(a)r Ryhoravich Lukashenka;, ; rus, Александр Григорьевич Лукашенко, Aleksandr Grigoryevich Lukashenko, ɐlʲɪkˈsandr ɡrʲɪˈɡorʲjɪvʲɪtɕ lʊkɐˈʂɛnkə. In English language, English, both transliterations are used, and his first name is often anglicized to ''Alexander''. born 30 August 1954) is a Belarusian politician who has been the first and only president of Belarus since the establishment of the office on 20 July 1994, making him the List of current state leaders by date of assumption of office, longest-sitting European president. Before his political career, Lukashenko worked as director of a state farm (''sovkhoz''), and served in the Soviet Border Troops and in the Soviet Army. Lukashenko continued state ownership of key industries in Belarus after the dissolution of the Sov ...
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Common Stock
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Commonwealth realms. This type of share gives the stockholder the right to share in the profits of the company, and to vote on matters of corporate policy and the composition of the members of the board of directors. The owners of common stock do not own any particular assets of the company, which belong to all the shareholders in common. A corporation may issue both ordinary and preference shares, in which case the preference shareholders have priority to receive dividends. In the event of liquidation, ordinary shareholders receive any remaining funds after bondholders, creditors (including employees), and preference shareholders are paid. When the liquidation happens through bankruptcy, the ordinary shareholders typically receive nothing. ...
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Sberbank
PJSC Sberbank (russian: Сбербанк, initially a contraction of russian: сберегательный банк, translit=sberegatelnyy bank, lit=savings bank, link=no) is a Russian majority state-owned banking and financial services company headquartered in Moscow. It was called Sberbank of Russia until 2015 (currently: Sber). Sberbank has operations in several European nations, primarily post-Soviet countries. By 2022, the bank accounted for about a third of all bank assets in Russia. The bank's rise since 1990s is in part due to its close connections to the Russian government. it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 60th in the world and first in central and Eastern Europe in ''The Banker''s Top 1000 World Banks ranking. In the world ranking of public companies ''Forbes'' "Global 2000" Sberbank takes 51st place. History Early history Sberbank's history goes back to Cancrin's financial reform of 1841, when a netw ...
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Sistema
AFK Sistema PAO is a large Russian conglomerate company, founded by Vladimir Yevtushenkov, who was chairman of the corporation's board of directors until 2022. In April, Yevtushenkov's shareholding in Sistema has decreased to 49.2%, and he also stepped down from Sistema's board. Sistema has its headquarters in Moscow. The company's global depository receipts (GDRs) are traded on the London Stock Exchange (ticker symbol ). History In 1993, Evgeny Novitsky and Vladimir Yevtushenkov founded the holding company AFK Sistema, also known as Sistema JSFC, to group together several information technology (IT) and cell phone companies including MTS. Structure Sistema operates a number of consumer service businesses in the areas of: * IT and telecoms — Mobile TeleSystems, Moscow City Telephone Network, SkyLink, Sitronics (formerly known as 'Science Center Concern'), NIIME, Mikron, STROM telecom. * Banking — MTS Bank * E-commerce – Ozon * House-Building and Real Estate — Sistema ...
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Murat Zyazikov
Murat Magometovich Zyazikov (russian: Мура́т Магоме́тович Зя́зиков) (born September 10, 1957) is a Russian politician who was the second president of the southern Russian republic of Ingushetia. He was born in what is now Kyrgyzstan. Zyazikov was a controversial politician in Ingushetia. Political career In the 1980s, Zyazikov was a member of the KGB and later the FSB. In the 1990s, he became part of Ingushetia's security council and on May 23, 2002, he was elected president of the republic in the controversial circumstances. Zyazikov is considered a close ally with current Russian president and former Prime Minister Vladimir Putin, especially because of his province's proximity to Chechnya. On April 6, 2004, Zyazikov was lightly wounded when a car bomb was rammed into his motorcade (he sat in an armored Mercedes W140) on the main road near the city of Nazran. Zyazikov blamed Chechen rebels for that attack and a June 2004 raid in Ingushetia th ...
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YUKOS
OJSC "Yukos Oil Company" (russian: ОАО Нефтяна́я Компа́ния Ю́КОС, links=no, ) was an oil and gas company based in Moscow, Russia. Yukos was acquired from the Russian government by Russian oligarch Mikhail Khodorkovsky's Bank Menatep during the controversial "loans for shares" auctions of the mid 1990s. Between 1996 and 2003, Yukos became one of the biggest and most successful Russian companies, producing 20% of Russia's oil output. In the 2004 ''Fortune 500'', Yukos was ranked as the 359th largest company in the world. In October 2003, Khodorkovsky—by then the richest person in Russia and 16th richest person in the world—was arrested, and the company was forcibly broken up for alleged unpaid taxes shortly after and declared bankrupt in August 2006. Courts in several countries later ruled that the real intent was to destroy Yukos and obtain its assets for the government, and act politically against Khodorkovsky. In 2014, the largest arbitration aw ...
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RBK Daily
''RBK Daily'' (russian: РБК daily) is a general business newspaper published in Moscow, Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig .... History and profile ''RBK Daily'' was started in October 2006. The paper is part of RosBusinessConsulting and is published by the company in cooperation with the German publishing group Handelsblatt. The daily has its headquarters in Moscow. ''RBK Daily'' is published full-color unlike most of newspapers published in Russia and other business papers. References External links * * 2006 establishments in Russia Business newspapers Mass media in Moscow Publications established in 2006 Russian-language newspapers published in Russia {{Russia-newspaper-stub ...
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