Tag archive for ‘Economy of Russia’
News Brief On Tuesday, August 11th, 2015

Russia slides deeper into recession, prospects are ‘grim’

  It keeps getting worse for Russia. The combination of Western sanctions and tumbling oil prices is pushing it deeper into recession. Russia’s economy shrunk 4.6% in the second quarter, the biggest More...

Gil Tanenbaum On Wednesday, April 8th, 2015

Bret Ratner and Mariah Carey Producing New Christmas Movie

Bret Ratner and Mariah Carey are teaming on a new Christmas movie. The producer will also make a new movie about Russian oligarchs for Warner bros. New Line Entertainment bought the rights to the project from More...

Vered Weiss On Friday, March 6th, 2015

Leonid Bershidsky: UK Government Unfair in Picking on Mikhail Fridman

U.K. Prime Minister David Cameron threatened to force Russian billionaire Mikhail Fridman to sell his North Sea Energy assets unless Fridman gives him assurances. According to Reuters, a spokesman for Cameron More...

Vered Weiss On Tuesday, February 17th, 2015

Russia’s Richest Man Viktor Vekselberg to Open Solar Plant

Reeling from the dropping price of oil, the Russian economy, or at least Russia’s richest man, Viktor Vekselberg, may find hope in alternative energy. Bloomberg reports that Vekselberg’s More...

S.M. Lightening On Sunday, February 15th, 2015

Billionaires Mikhail Fridman, German Khan, Buying London Luxury Student Dorms

Tycoon Mikhail Fridman is leading An investment group of Russian billionaires looking to purchase luxurious student facilities in London, for an estimated $824 million, propertyweek.com reported. Fridman More...

Vered Weiss On Thursday, February 12th, 2015

Billionaire Mikhail Fridman Shacking Up Investments with UK Student Housing

Russian billionaires who have been bitten by sanctions are buying up student housing in the U.K, according to Property Week. LetterOne, an investment group founded by Mikhail Fridman, oil tycoon and,  More...

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