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☆ Russia's new tank — its T-14 Armata — is probably too expensive to use in Ukraine, top weapons maker says
▼ + stars: | 2024-03-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russia's most advanced tank is likely too costly to use in Ukraine, the head of a top defense firm said. The new T-14 Armata is estimated to cost between $5 million and $9 million. AdvertisementA Russian T-14 Armata tank on display at the International Military Forum Army outside Moscow on Aug. 15, 2023. AdvertisementRussian T-14 Armata tanks drive toward Red Square for the Victory Day parade on May 9, 2015. AdvertisementRussian T-90M and T-14 Armata tanks parade through Red Square during the general rehearsal of the Victory Day military parade on May 7, 2022.

Persons: —, Sergey Chemezov, ALEXANDER NEMENOV, Sean Gallup, Chemezov, Vladimir Putin, Bradley, Kirill Kudryavtsev Organizations: Service, International Military Forum Army, Getty, Abrams, Red, Victory Day, Getty Images Locations: Ukraine, Russia, Moscow, Russian, AFP, NATO, US, Getty Images Moscow, Britain

☆ Russia boasts it is beating sanctions, but its longer-term prospects are bleak
▼ + stars: | 2024-01-29 | by ( Tim Lister | ) edition.cnn.com time to read: +14 min

Far from buckling under their weight, the Russian economy is in fact 1% larger than it was on the eve of the invasion. India and China now account for 90% of Russian oil exports, according to Deputy Prime Minister Alexander Novak. Noemi Cassanelli/CNNThere’s little sign that ordinary Russians have been drastically impacted by Western sanctions. Sanctions will have a long-term impact on the Russian economy, according to the European Commission. Nabiullina said the Russian economy was like a car trying to go too fast.

Persons: Vladimir Putin, Putin, Sergei Chemezov, ” Chemezov, Scott Peterson, Alexander Novak, Christine Abely, “, ”, SWIFT, Alexei Mordashov, Noemi Cassanelli, Geoffrey Pyatt, Rachel Lyngaas, —, Alexander Nemenov, Elvira Nabiullina, Nabiullina, Natalia Kolesnikova, ” Abely Organizations: CNN, Atlantic Council, Russia, West ., Shipping, Windward, Reuters, US Treasury Department, United Arab Emirates, Crime Agency, US Treasury, “, Bank of, European, US, Financial Times, Russian Central Bank, Getty, Producers, International Energy Agency Locations: United States, Ukraine, Russian, Russia, Western, Sviatohirsk, Donetsk region, Asia, West, West . India, China, India, Volgograd, Turkey, UAE, Bank of Finland, Hong Kong, Europe, Egypt, Thailand, Moscow, Kazakhstan, Soviet Russia, AFP, Beijing

☆ Russia Ramps up Output of Some Military Hardware by More Than Tenfold - State Company
▼ + stars: | 2023-09-19 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

MOSCOW (Reuters) - Russia has ramped up the production of some military hardware by more than tenfold to supply its army in Ukraine, significantly increasing the output of missiles, drones, combat vehicles and artillery, Russia's biggest weapons producer said on Tuesday. And for some types of hardware, output had been boosted "by tens of times," said Ozdoev. Rostec, which is sanctioned by the West, is run by Sergei Chemezov, a close Putin ally. It controls 800 Russian civilian and defence entities and is by far Russia's biggest arms producer. The U.S. Treasury calls Rostec "the cornerstone of Russia’s defense, industrial, technology, and manufacturing sectors."

Persons: Vladimir Putin, Ozdoev, Sergei Chemezov, Putin, Rostec, Guy Faulconbridge, Andrew Osborn Organizations: U.S . Treasury Locations: MOSCOW, Russia, Ukraine, Moscow, Rostec, Russian, U.S

☆ Dozens of sanctioned superyachts seized from Russian oligarchs still hang in limbo, racking up millions in maintenance
▼ + stars: | 2023-03-02 | by ( Grace Kay | Sam Tabahriti | ) www.businessinsider.com time to read: +6 min

Seized yachts owned by sanctioned Russian oligarchs hang in limbo as US and European authorities decide next steps. Annual maintenance for some of the yachts costs as much as $115.6 million. Earlier this week, CNBC reported that billions of dollars in oligarch's assets — from yachts and villas to private jets — are still frozen. And while the Russian oligarchs are still technically responsible for paying for yacht maintenance, they're unlikely to fork over the maintenance cost or authorities will encounter difficulty collecting the funds due to sanctions on financial transactions with the billionaires. According to Maltby, the maintenance cost of a yacht usually totals about 15% to 20% of its overall value.

☆ Yevgeny V. Prigozhin, the Man Challenging Putin for Power - The New York Times
▼ + stars: | 2023-01-26 | by ( Mikhail Zygar | ) www.nytimes.com time to read: +2 min

According to my sources close to the Russian administration, Mr. Putin then perceived Mr. Prigozhin solely as a counterweight to the generals. The Russian president saw Mr. Prigozhin as his man, an obedient tool and easy to use. Those achievements alone guaranteed Mr. Prigozhin responsibility for Mr. Putin’s most delicate assignments. But this year, Mr. Prigozhin moved into another league, surpassing all of Mr. Putin’s other friends in power. Mr. Prigozhin bypassed all of them and appears to be the most important player in Russia.

Persons: Putin, Alexander Lapin, Prigozhin, Robert Mueller’s, Wagner, Putin’s, Sergei Shoigu, Nikolai Patrushev, Sergei Chemezov, Yury Kovalchuk Organizations: Internet Research Agency, Defense, Russian Security Locations: Ukraine, Russian, Africa, Syria, Russia’s, Russia

In Spain, six vessels were frozen following sanctions imposed after Russia's invasion of Ukraine in February. The "majority" of the owners are paying their maintenance, crew, docking and insurance fees, a source with knowledge of the matter said. In March, Spain's Prime Minister Pedro Sanchez vowed, when announcing the freezing of one yacht in Spain, to hit Putin's allies "decisively" and "hard". read more read moreProposals by the United States and European Union to sell seized Russian assets and give the proceeds to Ukraine have stalled. In France, five yachts have been frozen.

☆ Exclusive: Russia aiming to fly solo without Airbus and Boeing
▼ + stars: | 2022-09-28 | by ( Gleb Stolyarov | ) www.reuters.com time to read: +6 min

"Foreign aircraft will drop out of the fleet," Rostec said in a written response to Reuters questions about its plans and the situation in Russia's aviation industry. "We believe that this process is irreversible and Boeing and Airbus planes will never be delivered to Russia," it said. Russian airlines, including Aeroflot, splurged on Boeing and Airbus aircraft as they sought to rebuild their fleets after the chaos of the 1990s. The MS-21 has been Russia's attempt to break into the main part of the jet market dominated by Airbus and Boeing. Then we will install PD-8 engines on this type of aircraft," Rostec said.

☆ Everything you need to know about silovarchs — Russia's security elites — and the power they wield
▼ + stars: | 2022-04-10 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +5 min

Russia's security elites are silovarchs, a term combining "oligarch" and "siloviki" ("people of force.") Analyst Hugo Crosthwaite said silovarchs are closer to President Vladimir Putin than oligarchs. According to Treisman, oligarchs do not hold a great deal of political influence, while silovarchs are more powerful. Table of Silovarchs Viktor Ivanov – former chair of the board for Almaz-Antei and Aeroflot – had a career in Soviet KGB and Russian FSB. Rashid Nurgaliev– former interior minister and deputy secretary of the Security Council – is Army General and worked for the FSB.

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