Russian tycoons pocket $11-B dividends on war economy boom

Quick Summary:

Russian tycoons received billions of dollars in dividends as their companies resumed or boosted payouts amid easing economic uncertainty over the Kremlin’s war in Ukraine.

Still, Russia’s economy may face significant problems in the second half of the year and in 2025 that may prompt the government to raise taxes, according to Chris Weafer, chief executive officer of Macro-Advisory Ltd.

Vagit Alekperov, key shareholder and former president of oil giant Lukoil PJSC, topped the list with about 186 billion rubles in dividends.

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Article Details

Author / Journalist: BusinessMirror

Category: BusinessStartups

Markets: PhilippinesAustraliaChinaIndiaUkraineUnited KingdomUnited States

Topics: Russia’s Billion Dividends Rubles Year Trillion Russian Sanctions Domestic Pjsc Vladimir

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 16:03:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 21556110

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About Business Mirror

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Official Website: businessmirror.com.ph

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