Russian tycoons pocket $15.6 billion dividends on war economy boom

Q: How long will it take to read this news story?

The story "Russian tycoons pocket $15.6 billion dividends on war economy boom" has 839 words across 40 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Russian tycoons pocket $15.6 billion dividends on war economy boom" was covered 1 weeks ago by The Straits Times, a news publisher based in Singapore.

Q: How trustworthy is 'The Straits Times' news outlet?

The Straits Times is a fully independent (privately-owned) news outlet established in 1845 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 15 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21547382</li><li>URL: https://beamstart.com/news/russian-tycoons-pocket-156-billion-17204872861968</li></ul>

The Straits Times 1w ago

Russian tycoons pocket $15.6 billion dividends on war economy boom - The Straits Times

Quick Summary:

Their companies resumed or boosted payouts amid easing economic uncertainty over the Kremlin’s war in Ukraine.

The United States and its allies imposed sweeping sanctions on Russia in response to the February 2022 invasion, prompting many companies to pause dividend payouts on the back of uncertainty over a potential economic collapse.

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.