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Rostec
Rostec, formally trading as State Corporation "Rostec", fully the State Corporation for the Promotion of the Development, Manufacture, and Export of High Tech Products "Rostec" and formerly Rostekhnologii, is a Russian State corporation (Russia), state-owned defense Conglomerate (company), conglomerate headquartered in Moscow. Established in 2007, the organization comprises about 800 enterprises, which together form 15 holding companies: eleven in the Defense industry of Russia, defense-industry complex and three in civil sectors. Rostec's organizations are located in 60 constituents of the Russian Federation and supply goods to over 70 countries worldwide. The organization is headed by Sergey Chemezov, appointed to the position by Russian President Vladimir Putin. The 2014 EU sanctions listing for Chemezov describes how Rostec subsidiaries supported Russia's annexation of Crimea. History On 23 November 2007, President of Russia, Russian President Vladimir Putin signed federal ...
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AvtoVAZ
AvtoVAZ ( rus, АвтоВАЗ, p=ɐftɐˈvas) is a Russian automobile manufacturing company owned by the state. It was formerly named as VAZ (), an acronym for Volga Automotive Plant in Russian (). AvtoVAZ is best known for its flagship series of Lada vehicles. In the Soviet Union, its products used various names, including Zhiguli, Oka, and Sputnik, which were phased out in the 1990s and replaced by Lada for the Russian market. From December 2019 to August 2020, AvtoVAZ sold Niva cars with Chevrolet branding. AvtoVAZ was established in 1966 by the Soviet government as a state-run car manufacturer. It was privatized in the 1990s and was a subsidiary of Renault from October 2016 to May 2022. In May 2022, it was re-acquired by the Russian government. The company is indirectly owned by Russian state enterprises through Lada Auto Holding. History Establishment The VAZ plant was established in 1966 by the Soviet government in cooperation with the Italian car manufacturer Fiat. Vikt ...
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Sergey Chemezov
Sergey Viktorovich Chemezov (; born 20 August 1952) is a Russian oligarch and politician who served as CEO of Rostec Corporation, a state-owned defense conglomerate. A former KGB agent and high-ranking general, Chemezov befriended Vladimir Putin when both were stationed in East Germany in the 1980s. In 2007, Putin appointed him as CEO of Rostec. The Pandora Papers leaks revealed that Chemezov and his family maintained a large network of offshore wealth, including a $600 million superyacht. Biography Chemezov was born on 20 August 1952 in the city of Cheremkhovo in Irkutsk Oblast. Chemezov graduated with honours from Irkutsk Institute of National Economy (presently Baikal State University of Economics and Law) in 1975 and then completed his postgraduate education at the Military Academy of the General Staff of the Armed Forces of Russia. Chemezov has a doctorate in economics and is also a professor and full member of the Military Academy. At the Irkutsk Scientific and Researc ...
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Denis Manturov
Denis Valentinovich Manturov (; born 23 February 1969) is a Russian politician who has served as First Deputy Prime Minister of Russia since May 2024. He previously served as Deputy Prime Minister from July 2022 until May 2024 and Minister of Trade and Industry of the Russian Federation from 2012 to May 2024. He was appointed as First Deputy Prime Minister after Andrey Belousov was appointed as Minister of Defense. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation. Early life and education *1994 – Graduated from State Moscow University in Sociology. *2006 – Graduated from Russian State Academy for State Service under the President of Russia *Since 2011 – Professor for Management Systems of Economic objects in Moscow Aviation Institute. In 1997, he completed postgraduate studies at the Moscow State University. In the same year he defended his dissertation for the degree of Candidate of Economic Sciences. Disse ...
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State Corporation (Russia)
State Corporation () is a non-membership non-commercial organization, a type of legal entity in Russia introduced in 1999 (Article 7.1, NCO Law). Each state corporation is created by a separate Russian federal law. These state corporations are non-profits established only under a federal law and are different from all the other organizations referred to in the mass media as "state corporations". They are regulated by bespoke legislation. According to the law, a state corporation is wholly owned by the Russian Federation directly, bypassing the Federal Agency for State Property Management. For example, VEB was used as an off-budget funding vehicle for the state's special projects. VEB is overseen by a nine-member board that puts Dmitriyev together with seven government ministers and a representative of the Kremlin. An opaque organization held firmly controlled by President Vladimir Putin, Vneshekonombank (VEB) was used to finance the Winter Olympics in Sochi and extend Russian fi ...
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Rostelecom
Rostelecom (Ростелеком) is Russia’s largest provider of digital services for a wide variety of consumers, households, private businesses, government and municipal authorities, and other telecom providers. Rostelecom interconnects all local public operators’ networks into a single national network for long-distance service. In other words, if one makes a long-distance call or originates Internet contact to or from Russia, it is likely that Rostelecom is providing part of the service. The company's stock trades primarily on the Moscow Exchange. History Prior to 1990 the Ministry of Communications of the USSR provided telecommunications services. On June 26, 1990, the Ministry established a state-owned joint-stock company Sovtelekom, which obtained the rights to operate the telecommunications network of the USSR. On December 30, 1992, by order of the State Property Committee of Russia, a state-owned enterprise Rostelecom, which consisted of 20 state long-distance and ...
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Fixed Asset
Fixed assets (also known as long-lived assets or property, plant and equipment; PP&E) is a term used in accounting for assets and property that may not easily be converted into cash. They are contrasted with current assets, such as cash, bank accounts, and short-term debts receivable. In most cases, only tangible assets are referred to as fixed. While IAS 16 (International Accounting Standard) does not define the term ''fixed asset'', it is often colloquially considered a synonym for property, plant and equipment. According to IAS 16.6, property, plant and equipment are tangible items that: (a) are held for use in the production or supply of goods or services, for rental to others, or for administrative purposes and (b) are expected to be used during more than one period. Fixed assets are of two types: * those which are purchased with legal right of ownership (in the case of property, known as ''freehold assets''), and * those for which the owner has temporary ownership ri ...
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Presidency Of Barack Obama
Barack Obama's tenure as the 44th president of the United States began with his first inauguration on January 20, 2009, and ended on January 20, 2017. Obama, a Democrat from Illinois, took office following his victory over Republican nominee John McCain in the 2008 presidential election. Four years later, in the 2012 presidential election, he defeated Republican nominee Mitt Romney, to win re-election. Alongside Obama's presidency, the Democratic Party also held their majorities in the House of Representatives under Speaker Nancy Pelosi and the Senate under Senate Majority Leader Harry Reid during the 111th U.S. Congress. Obama is the first African American president, the first multiracial president, the first non-white president, and the first president born in Hawaii. Obama was succeeded by Republican Donald Trump, who won the 2016 presidential election against Obama's preferred successor, Hillary Clinton. Historians and political scientists rank him among the upper ...
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Economic Sanctions
Economic sanctions or embargoes are Commerce, commercial and Finance, financial penalties applied by states or institutions against states, groups, or individuals. Economic sanctions are a form of Coercion (international relations), coercion that attempts to get an actor to change its behavior through disruption in economic exchange. Sanctions can be intended to Compellence, compel (an attempt to change an actor's behavior) or Deterrence theory, deter (an attempt to stop an actor from certain actions).Haidar, J.I., 2017Sanctions and Exports Deflection: Evidence from Iran" Economic Policy (Oxford University Press), April 2017, Vol. 32(90), pp. 319–355. Sanctions can target an entire country or they can be more narrowly targeted at individuals or groups; this latter form of sanctions are sometimes called "smart sanctions". Prominent forms of economic sanctions include trade barriers, Asset freezing, asset freezes, travel bans, arms embargoes, and restrictions on financial transac ...
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Annexation Of Crimea By The Russian Federation
In February and March 2014, Russia invaded the Crimea, Crimean Peninsula, part of Ukraine, and then annexed it. This took place in the relative power vacuum immediately following the Revolution of Dignity. It marked the beginning of the Russo-Ukrainian War. The Revolution of Dignity, events in Kyiv that Revolution of Dignity#Removal of Yanukovych, ousted Ukrainian president Viktor Yanukovych on 22 February 2014 sparked both pro-Russian and anti-separatism Timeline of the 2014 Crimean crisis#February 23, demonstrations in Crimea. At the same time, Russian president Vladimir Putin told his security chiefs to begin work on "returning Crimea to Russia". On 27 February, Little green men (Russo-Ukrainian War), Russian special forces without insignia seized strategic sites across Crimea. Russia at first denied involvement, but Putin later admitted that they were Russian troops. As the armed men Capture of the Crimean Parliament, occupied Crimea's parliament, it dismissed the Council ...
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Russian Military Intervention In Ukraine (2014–present)
The Russo-Ukrainian War began in February 2014 and is ongoing. Following Ukraine's Revolution of Dignity, Russia occupied and annexed Crimea from Ukraine. It then supported Russian paramilitaries who began a war in the eastern Donbas region against Ukraine's military. In 2018, Ukraine declared the region to be occupied by Russia. These first eight years of conflict also included naval incidents and cyberwarfare. In February 2022, Russia launched a full-scale invasion of Ukraine and began occupying more of the country, starting the biggest conflict in Europe since World War II. The war has resulted in a refugee crisis and hundreds of thousands of deaths. In early 2014, the Euromaidan protests led to the Revolution of Dignity and the ousting of Ukraine's pro-Russian president Viktor Yanukovych. Shortly after, pro-Russian protests began in parts of southeastern Ukraine, while unmarked Russian troops occupied Crimea. Russia soon annexed Crimea after a highly disputed ...
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Rosneft
PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words (). Rosneft was founded in 1993, as a state enterprise and then incorporated in 1995, acquiring a number of state-controlled gas and oil assets. It became Russia's leading oil company after purchasing assets of the former oil company Yukos at state-run auctions. After acquiring OJSC TNK-BP in 2013, then one of the largest oil companies in Russia, Rosneft became the world's largest publicly traded petroleum company. Rosneft is the second largest Russian company and state-controlled company in Russia in terms of revenue ( ₽4,134 billion). Internationally, it is one of the larges ...
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Kamov
JSC Kamov () is a rotorcraft Aerospace manufacturer, manufacturing company based in Lyubertsy, Russia. The Kamov Design Bureau (OKB, design office prefix Ka) has more recently specialised in compact helicopters with coaxial rotors, suitable for naval service and high-speed operations. History Kamov was founded by Nikolay Kamov, Nikolai Ilyich Kamov, who started building his first rotary-winged aircraft in 1929, together with N. K. Skrzhinskii. Up to 1940, the year of Kamov plant establishment, they created many autogyros, including the Kamov A-7, TsAGI A-7-3, the only armed autogyro to see (limited) combat action. From 2002 AFK Sistema controlled a 51% stake in the company, with MiG controlling the remaining 49%. Kamov was sold to Oboronprom in 2005. Kamov merged with Mil Moscow Helicopter Plant, Mil and Rostvertol to form Russian Helicopters. The Kamov brand name was retained, though the new company dropped overlapping product lines. See also * Aircraft industry of Russia ...
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