Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

To Sell Or Not to Sell
January 9, 2013 18:23

Photo Credit:

Alexander Lebedev rejected rumours that he’s going to sell his National Reserve Bank.

The billionaire denied a statement made by Russia’s Kommersant daily that he planned to leave the banking sector to focus on the publishing industry.

In an interview with the RIA Novosti news agency, he claimed his bank was bank on its feet and he had no plans of selling it.

Lebedev’s bank suffered a serious outflow of customers after inspections by the Central Bank and security services. The billionaire has often said that these activities were politically motivated and were meant to punish him for his criticism of the Kremlin and support of opposition media.

In a Wednesday article, Kommersant also reported that the bank’s management worked hard to minimize the costs throughout 2012. The optimization plan included selling some of the non-core assets, like real estate in Moscow, St. Petersburg and Sochi, and closure of regional offices.

In September 2012, Lebedev stepped down as the bank’s president and announced he will work at the bank for free.

Talking to RIA Novosti, he confirmed that the credit institution had introduced an efficient cost-cutting plan and was back to profitability.

The oligarch worth $1.1 billion is the owner of a number of newspapers, including Russia’s Novaya Gazeta, a vocal critic of the government, and Britain’s the Evening Standard and Independent newspapers.

He also controls a stake in Aeroflot, Russia's leading airline, and gas giant Gazprom.

Visit Russia-IC’s profile of Alexander Lebedev for more info.

More on Lebedev’s involvement with opposition newspaper Novaya Gazeta here.

More on Lebedev’s plans for the Evening Standard and the Independent.



Author: Mikhail Vesely

Tags: Alexander Lebedev Russian oligarchs Russian business National Reserve Bank  

Next Previous

You might also find interesting:

The Russian Economy Has Reached Bottom And Pushed Off From It Lavrov Talks About Sanctions Russian Law: Parliament in Action Russia and EU Come Closer Nord Stream-2 Construction

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
Kostroma  Altai Territory  freedom of press in Russia  Kineshma  Charity  Russian oil companies  Pussy Riot  life  JAZZ style August  Nikolay Tarkhov  Avant-garde  Russian Museum  Painting  Russian culture  Russian business  foreign literature  Mercedes-Benz Fashion Week Russia  Russian cards  Moscow  Moscow events  Progress Cargo Spacecraft  Barrows  Russian Theater  Archeology  Red Square  Crash of TU-154  Central House of Artist  Russian arts  Komi Republic  Kulikovo Battle Field   Russian wedding custom  Dmitry Shostakovich  Russian Dances  education  events in Moscow  Estonia  Kir Bulychev  Russian Literature  Russian Cinema  Elbrus  Exhibitions in Moscow  Rostov  Russian fashion  Russian tourism  Stockmann  Mikhail Bulgakov  Red Terror  Russian history  Andrey Zvyagintsev  All-Russia Exhibition Centre 

Travel Blogs
Top Traveling Sites