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   

Next Previous

You might also find interesting:

Four Military Scenarios in Ukraine on Table for Moscow Offshore Capital Of Russians Is Three Times Larger Than the Amount Of the Country's Foreign Exchange Reserves The Second Billionaire Woman in Russia Gazprom Increases Purchases Of Uzbek Gas Rosneft Deutscland Develops a Strategy of Independent Marketing in Germany

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian economy  Exhibitions in Moscow  the Altai   Moscow  Russian business  Orthodoxy  Georgy Burkov  Film Distribution  Russian writers  Mercedes-Benz Fashion Week   Tatarstan  Cosmonaut Training Centre   Installations  Tula  Fashion Futurum  PermInterFest   Russian Franchises  Russian Cinema  Russian theatre  Frida Kahlo  Architecture of Russia  Kirill Lavrov  Russian oil and gaz producers   Black Sea  suburban trains  Russian startups  travel to Russia  Spartak Moscow  Hermitage  Tyumen  Moscow events  Mercedes-Benz Fashion Week Russia  Russian politicians  The Afisha Picnic  Varvara Bubnova  Gold Mask  Festivals in Moscow  Kronstadt Tour  Andronaut  The Pirate Party of Russia  Russian tourism  Robert Dudley  NATO  AvtoVAZ   pensions  Exhibitions in Saint Petersburg  Yevgeny Leonov  Folk Arts  St. Petersburg  Innovations 

Travel Blogs
Top Traveling Sites