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Sovcombank
Sovcombank (Public Joint-Stock Company "Sovcombank", Russian language, Russian: Совкомбанк) is a Russian privately owned universal bank included in the list of 13 systemically important Russian banks. In terms of assets, it ranks 9th among Banking in Russia, Russian banks (1,483 billion rubles). From 1990 its initial name was Buycombank (after former headquarters Buy, Kostroma Oblast, town Buy in Kostroma Oblast, Kostroma region) before been bought and rebranded into Sovcombank and his partners in February 2003. The main owner of Sovcombank (86.5%) is the Russia-based company JSC Sovco Capital Partners, owned by private Russian shareholders, notably (as of August 2020) brothers Dmitry and Sergey Khotimsky who own together 37% of Sovco Capital Partners. Minority shareholders of Sovcombank include Public Investment Fund, Public Investment Fund of Saudi Arabia (3.3%), Russia-China Investment Fund (2.0%) and Russia-Japan Investment Fund (1.3%) After operating within Neth ...
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Vostochny Bank
Vostochny Bank (russian: банк Восточный; sometimes translated as Orient Express Bank) is a Russian financial company based in Blagoveshchensk, Amur Oblast. It was established in 1991. Vostochny Bank focuses on the Siberian and Far Eastern markets, and ranks among the 30 largest Russian banks by assets. The private equity firm Baring Vostok owns a stake in Vostochny. History In 2010 it purchased Consumer Bank, a Russian subsidiary of Banco Santander, and Morgan Stanley's City Mortgage Bank. In 2015 the bank reduced its workforce by half, laying off 4,000 employees. In 2016 it merged with Uniastrum Bank. After the merger, Uniastrum bank owner Artem Avetisyan acquired a 32% stake in Vostochny via his Finvision Holdings. At that time, Baring Vostok Capital Partners Baring Vostok Capital Partners is the largest independent private equity firm focused on investments in Russia and the Commonwealth of Independent States. The Baring Vostok Private Equity Funds invest ...
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Russian Direct Investment Fund
The Russian Direct Investment Fund (RDIF) is Russia's sovereign wealth fund established in 2011 by the Russian government to make investments in companies of high-growth sectors of the Russian economy. Its mandate is to co-invest alongside the world’s largest institutional investors, direct investment funds, sovereign wealth funds and leading companies. RDIF’s reserved capital under management equals $10 billion. RDIF has invested and committed for this purpose 2.1 trillion rubles, of which RDIF invested 200 billion rubles and 1.9 trillion rubles came from co-investors, partners and banks. RDIF also attracted over $40 billion of foreign capital into the Russian economy through long-term strategic partnerships. Kirill Dmitriev is the RDIF's chief executive officer. History RDIF was founded in June 2011 under the leadership of both Russian President Dmitry Medvedev and Prime Minister Vladimir Putin. In June 2012, RDIF and China Investment Corporation (CIC) established the Rus ...
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Banking In Russia
Banking in Russia is subject to significant regulations as banks in the Russian Federation have to meet mandatory Russian legislation requirements, and comply with numerous Bank of Russia instructions and regulations. History Soviet period Until 1986, the USSR banking system included 4 components: Stroybank, Vneshtorgbankand, Mrudesberkass and Gosbank. Perestroika Perestroika reforms affected the banking system. In June 1987, a plenum of the Central Committee of the CPSUs took place, where it was decided to improve the system. In July 1987, the Central Committee of the CPSU and the "Council of Ministers of the USSR made Resolution No. 821 "On improving the system of banks in the country and strengthening their impact on improving the efficiency of the economy. The creation of banks on a commercial basis was permitted by the Law "On Cooperation in the USSR", adopted on May 26, 1988. As part of Mikhail Gorbachev's perestroika program, other banks were formed, including; "Proms ...
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Pavel Fuks
Pavel Yakovlevich Fuks ( uk, Павло Якович Фукс, russian: Павел Яковлевич Фукс (surname sometimes also spelled Fuchs); b. 27 October 1971) is a Ukrainian oligarchMultiple sources: * * * * * who is known for founding a development company, Mos City Group. Fuks has made most of his wealth through business ventures in Russia. Fuks is a Russian and a Ukrainian citizen, but in June 2021, he claimed that he had gone through all the procedures for renouncing his Russian passport. Fuks was a member of the Supervisory Board of the Babyn Yar Holocaust Memorial Center (BYHMC). Early life Pavel (Pavlo) Fuks was born in October 1971, in Kharkiv, Ukraine. In 1994, he graduated from the Kharkiv State University after studying at its department of economic and social planning. Between 1997 and 2003, Fuks continued his studies at the Plekhanov Russian University of Economics on the faculty of World Economy. From 1995 to 1999, he was an adviser to the chairman of ...
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Luxembourg
Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small landlocked country in Western Europe. It borders Belgium to the west and north, Germany to the east, and France to the south. Its capital and most populous city, Luxembourg, is one of the four institutional seats of the European Union (together with Brussels, Frankfurt, and Strasbourg) and the seat of several EU institutions, notably the Court of Justice of the European Union, the highest judicial authority. Luxembourg's culture, people, and languages are highly intertwined with its French and German neighbors; while Luxembourgish is legally the only national language of the Luxembourgish people, French and German are also used in administrative and judicial matters and all three are considered administrative languages of the cou ...
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ТАСС
The Russian News Agency TASS (russian: Информацио́нное аге́нтство Росси́и ТАСС, translit=Informatsionnoye agentstvo Rossii, or Information agency of Russia), abbreviated TASS (russian: ТАСС, label=none), is a major Russian state-owned news agency founded in 1904. TASS is the largest Russian news agency and one of the largest news agencies worldwide. TASS is registered as a Federal State Unitary Enterprise, owned by the Government of Russia. Headquartered in Moscow, TASS has 70 offices in Russia and in the Commonwealth of Independent States (CIS), as well as 68 bureaus around the world. In Soviet times, it was named the Telegraph Agency of the Soviet Union (russian: Телегра́фное аге́нтство Сове́тского Сою́за, translit=Telegrafnoye agentstvo Sovetskogo Soyuza, label=none) and was the central agency for news collection and distribution for all Soviet newspapers, radio and television stations. After th ...
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Morgan Stanley
Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the firm's clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The original Morgan Stanley, formed by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, came into existence on September 16, 1935, in response to the Glass–Steagall Act, which required the splitting of American commercial and investment banking businesses. In its first year, the company operated with a 24% market share (US$1.1 billion) in public offerings and private placements. The current Morgan Stanley is the result of the merger of the original Morgan Stanley with Dean Witter Reyn ...
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Goldman Sachs
Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, Hong Kong, Tokyo, Dallas and Salt Lake City, and additional offices in other international financial centers. Goldman Sachs is the second largest investment bank in the world by revenue and is ranked 57th on the Fortune 500 list of the largest United States corporations by total revenue. It is considered a systemically important financial institution by the Financial Stability Board. The company has been criticized for a lack of ethical standards, working with dictatorial regimes, close relationships with the U.S. federal government via a "revolving door" of former employees, and driving up prices of commodities through futures speculation. While the company has appeared on the 100 Best Companies to Work For list compiled by ''Fortune'' ...
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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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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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Mumtalakat Holding Company
Bahrain Mumtalakat Holding Company (Mumtalakat) is the sovereign wealth fund of the Kingdom of Bahrain. It was established by Royal Decree in 2006 and is wholly owned by the Government. Mumtalakat actively sought investment opportunities locally, regionally and internationally. In 2022, according to the ''Sovereign Wealth Fund Institute'', the fund has nearly $18 billion in assets under management. Mumtalakat invests in assets unrelated to either oil or gas across different sectors including education, aviation, healthcare, consumer and financial services, industrial manufacturing, real estate, tourism and logistics. From its inception in 2006, Mumtalakat initially pursued investments primarily in Bahrain, with just 3% apportioned abroad; in 2019, that figure rose to 30%, comprising investments in Europe, the United States, the Middle East and North Africa consisting of both minority and majority stakes in its portfolio companies. Mumtalakat Holding Company B.S.C. is based in ...
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Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional po ...
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