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☆ Putin ordered 2 Western corporate giants to be seized after Kremlin-friendly businessmen expressed an interest in them: report
▼ + stars: | 2023-07-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Putin ordered Danone and Carlsberg seized after Kremlin-friendly businessmen expressed interest, per the FT.A Chechen leader and a businessman close to Putin have taken over the companies' assets in Russia. Russia seizing the local operations of Danone and Carlsberg was not the first time the country took control of Western firms. Managers from Rosneft, a state energy company headed by Putin ally Igor Sechin, took over both energy companies. Independent Russian newspaper Novaya Gazeta reported on Thursday, Russian businessmen bought the assets of 110 Western companies "that have fully or partially left Russia" at bargain-bin prices. Danone said in a Sunday statement it was "preparing to take all necessary measures to protect its rights as shareholder."

Persons: Putin, Vladimir Putin, Moscow, Yakub Zakriev, Ramzan Kadyrov —, Taimuraz, Igor Sechin, Ekaterina Kurbangaleeva, Kurbangaleeva, Hassan Malik, Loomis Sayles, Danone, Carlsberg Organizations: Danone, Carlsberg, Kremlin, Observers, Service, Financial Times, Vedomosti, Rosneft, Analysts, Russia's, Independent Russian, Novaya Gazeta, Carnegie Endowment, International, Boston Locations: Russia, Wall, Silicon, Russian, Moscow, Ukraine

☆ Russian businessmen snapped up $40 billion worth of Western company assets at bargain-bin prices amid the corporate exodus: report
▼ + stars: | 2023-07-18 | by ( Kai Xiang Teo | Huileng Tan | ) www.businessinsider.com time to read: +4 min

Russian businessmen bought the assets of 110 Western companies exiting the country at bargain-bin prices. These assets were collectively valued at 35 billion euros, or nearly $40 billion, at the end of 2022, per the report. Russian businessmen bought the assets of 110 Western companies "that have fully or partially left Russia" at bargain-bin prices, independent Russian newspaper Novaya Gazeta reported on Thursday. These assets were collectively valued at 35 billion euros, or nearly $40 billion, at the end of 2022, per the report. Foreign firms also had to slash their sale prices because in December 2022, Russia started forcing those selling their assets to dispose of them at a 50% discount.

Persons: Vladimir Potanin, Potanin, Norilsk Organizations: Service, Kremlin, Novaya Gazeta, Kyiv School of Economics, Novaya Gazeta —, US, Russian, Yale University, Financial Times Locations: Russia, Wall, Silicon, Ukraine, Russian, Moscow, McDonald's

WASHINGTON, July 6 (Reuters) - The U.S. is "appalled" by a brutal attack in Chechnya on a prominent female Russian journalist and a lawyer, the State Department said in a statement on Thursday, and it urged Russia to conduct a transparent probe and ensure justice. Russia's Investigative Committee, the equivalent of the U.S. FBI, said in a statement on Wednesday that investigators in Chechnya had opened criminal cases. Milashina has spent years investigating purported human rights abuses in Chechnya. Novaya Gazeta was one of Russia's few independent news outlets until the government stripped it of its license last year. Reporting by Kanishka Singh in Washington; Editing by Leslie Adler and Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Yelena Milashina, Alexander Nemov, Nemov, Ramzan Kadyrov, Vladimir Putin, Milashina, Kanishka Singh, Leslie Adler, Marguerita Choy Organizations: State Department, Novaya Gazeta, Wednesday, Kremlin, U.S . FBI, Thomson Locations: U.S, Chechnya, Russian, Russia, Moscow, Novaya, Washington

☆ Beaten female Russian journalist moved to Moscow hospital
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +1 min

Crew Against... Read moreMOSCOW, July 5 (Reuters) - A Russian investigative journalist and a lawyer who were beaten in the southern republic of Chechnya have been moved to a hospital in Moscow, one of the country's most prominent journalists said on Wednesday. Yelena Milashina, a well-known journalist for the Novaya Gazeta newspaper, was travelling to the Chechen capital Grozny from the local airport with Alexander Nemov, a lawyer, when they were attacked a day earlier. The two were beaten, and threatened with guns while Milashina had her head shaved and green dye thrown over her. Alexei Venediktov, the former head of the closed Ekho Moskvy radio station, said in a message on Telegram that the two were now in a Moscow hospital. Reporting by Guy Faulconbridge Editing by Andrew OsbornOur Standards: The Thomson Reuters Trust Principles.

Persons: Yelena Milashina, Alexander Nemov, Read, Milashina, Alexei Venediktov, Guy Faulconbridge, Andrew Osborn Organizations: Novaya Gazeta, Thomson Locations: Grozny, Russia, MOSCOW, Russian, Chechnya, Moscow

☆ Chief of Russia’s Yandex faces court case for ‘LGBT propaganda'
▼ + stars: | 2023-07-05 | by ( Lucy Papachristou | ) www.reuters.com time to read: +3 min

[1/2] The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File PhotoJuly 5 (Reuters) - The chief executive of Nasdaq-listed internet company Yandex faces prosecution in a Russian court for alleged offences under the country’s so-called “LGBT propaganda” law, a notice on the court's website said on Wednesday. When contacted by Reuters, Yandex said it would appeal any court finding against its CEO. The court website gave no specific details of what alleged offences Savinovsky was being prosecuted for beyond that they relate to "LGBT propaganda". Last month a court fined the company 2 million roubles ($24,242) for repeatedly refusing to provide Russia’s security services with information about its users.

Persons: Evgenia, Artem Savinovsky, Yandex, Savinovsky, Vladimir Putin, Putin, Yandex's, Bridget Jones ’, ” Kinopoisk, Russia’s, Elena Bunina, Lucy Papachristou, David Holmes Organizations: REUTERS, Nasdaq, Yandex, Reuters, State Duma, Novaya Gazeta, Kommersant, Thomson Locations: Moscow, Russia, British, Ukraine

☆ Prominent Russian Journalist Injured in Attack in Chechnya
▼ + stars: | 2023-07-04 | by ( Victoria Kim | ) www.nytimes.com time to read: +1 min

A Russian investigative journalist known for her work on human rights was severely beaten and badly injured, along with a lawyer, on Tuesday morning in an attack in Chechnya, according to a statement from her newspaper. Elena Milashina, a journalist with Novaya Gazeta who uncovered the torture and killings of gay men in Chechnya, was in Grozny to cover the trial of Zarema Musayeva, the mother of exiled opposition activists, according to the newspaper. Ms. Milashina suffered brain injuries, her fingers were broken and she repeatedly lost consciousness, the statement said. Mr. Nemov was stabbed, according to the newspaper. A photo posted by the newspaper showed the journalist sitting on a hospital gurney with her hands bandaged up to her wrists and most of her hair shaved off.

Persons: Elena Milashina, Zarema Musayeva, Milashina, Alexander Nemov, Musayeva, Nemov, gurney, Gazeta Organizations: Novaya Gazeta Locations: Chechnya, Grozny, Novaya

CNN —Elena Milashina, a prominent Russian journalist who uncovered the horrific crackdown on gay men in Chechnya, was severely beaten alongside a lawyer in an attack in the southern Russian republic, according to her employer Novaya Gazeta. Russia’s human rights commissioner, Tatyana Moskalkova, “agreed to intervene in the situation on the request of the editorial office,” Novaya Gazeta said. Moskalkova also said she asked the Commissioner for Human Rights in Chechnya to ensure the safety of the journalist. Following her reporting on a crackdown on gay men in Chechnya in 2017, Muslim clerics in Chechnya called for “retribution” against her and other journalists. The country has a checkered record on gay rights, breaking up gay pride marches and passing anti-gay propaganda laws.

Persons: CNN — Elena Milashina, Alexander Nemov, Elena, Alexander, ” “ Elena Milashina, “, Nemov, Milashina, Musaeva, Ramzan Kadyrov, Dmitry Peskov, Vladimir Putin, Tatyana Moskalkova, Moskalkova, ‘, Sergey Babinets, ”, Marie Struthers, Kadyrov Organizations: CNN, Novaya Gazeta, Milashina, Human, Novosti, Human Rights, Amnesty Locations: Russian, Chechnya, Grozny, Novaya, Eastern Europe, Central Asia, Russia

☆ Prominent female Russian journalist and lawyer brutally attacked in Chechnya
▼ + stars: | 2023-07-04 | by ( Andrew Osborn | ) www.reuters.com time to read: +4 min

Yelena Milashina, a well-known journalist for the Novaya Gazeta newspaper, was travelling to the Chechen capital Grozny from the local airport with Alexander Nemov, a lawyer, when they were attacked. There was no immediate comment from Ramzan Kadyrov, a close ally of Putin who rules Chechnya, a mainly Muslim southern region. But Soltayev, the Chechen rights official, was cited by the RIA news agency as calling the attack "a provocation" against the Chechen authorities. DEATH THREATSSome Russian lawmakers and officials in Moscow condemned the attack and demanded an investigation. Kadyrov denies rights abuses, saying such allegations are fabricated by ill-wishers trying to discredit Chechnya and its authorities.

Persons: Yelena Milashina, Alexander Nemov, Milashina, Mansur Soltayev, Nemov, Vladimir Putin, Ramzan Kadyrov, Putin, Mokhmad, Kadyrov, Zarema, Musayeva, Dmitry Muratov, Muratov, Andrew Osborn, Alexandra Hudson Organizations: Novaya Gazeta, Kremlin, RIA, Alexandra Hudson Our, Thomson Locations: Russian, Chechnya, Grozny, Moscow, Russia, Soviet, Milashina, Chechen

☆ Live updates: Russia's war in Ukraine, fallout from Wagner insurrection
▼ + stars: | 2023-07-03 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +2 min

Dmitry Medvedev during a meeting of the General Council of the party "United Russia" in Moscow, on May, 31. Igor' Ivanko/Kommersant/Sipa/APRussia is "threatened" by the potential for Ukraine to join NATO, Dmitry Medvedev, the deputy chairman of Russia’s Security Council, claimed on Sunday. And Medvedev said Moscow is ready to deliberately make the current conflict a permanent one, because "this is a matter of Russia's existence." Some context: The matter of Ukrainian membership in NATO is one of several issues leaders will tackle when they meet in the Lithuanian capital Vilnius on July 11 and 12. The issue will prove one of the biggest flash points for the group, which has managed to remain remarkably united amid Russia’s unprovoked invasion.

Persons: Dmitry Medvedev, Igor, Ivanko, “, ” Medvedev, Medvedev Organizations: General, NATO, Russia’s Security, Gazeta Locations: Russia, Moscow, Ukraine, Russian, Lithuanian, Vilnius, Eastern Europe, Kyiv, Europe

☆ Russia's Medvedev says standoff with West to last decades, Ukraine conflict 'permanent'
▼ + stars: | 2023-07-03 | by ( Andrew Osborn | ) www.reuters.com time to read: +3 min

Medvedev, once seen in the West as a liberal moderniser, has emerged as one of Russia's most outspoken hawks since Moscow launched what it called a "special military operation" in Ukraine last year. A nuclear war was "quite probable" but was unlikely to have any winners, said Medvedev, who has repeatedly said Western support for Ukraine increases the chances of nuclear conflict. Medvedev said Moscow was still committed to stopping Ukraine join NATO. Given NATO's rule about not admitting countries entangled in territorial conflicts, he said the conflict with Ukraine could become "permanent" given its existential nature for Moscow. The only way to de-escalate tensions between Russia and the West was to enter into tough negotiations, he said.

Persons: Dmitry Medvedev, Russia's, Medvedev, Andrew Osborn, Guy Faulconbridge, Frank Jack Daniel Our Organizations: NATO, LONDON, West, Security Council, Gazeta, Thomson Locations: Russia, Cuban, Moscow, Ukraine, Kyiv, United States

☆ 2 Ukrainian teenagers who it's alleged were tortured by the Russians shot an 'occupier' and a 'collaborator' before they were gunned down, reports say
▼ + stars: | 2023-06-25 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +2 min

Two teenagers were killed by Russian authorities in the Ukrainian city of Berdyansk, local news reported. The pair shot and killed a police officer and a civilian, according to reports. In May, a Ukrainian nonprofit said the 17-year-olds had be tortured by Russian law enforcement. The two 17-year-olds, referred to by Russian authorities as "pro-Ukrainian terrorists," were "neutralized," Russian news agency Interfax reported. Media Initiative for Human Rights, a Ukrainian nonprofit organization, reported in May that the teenagers had been tortured by Russian law enforcement.

Persons: —, Tigran Oganisyan, Mikita, Oganesyan, Oganisyan, Khanganov Organizations: Service, Independent, Novaya Gazeta, Novaya Gazeta . Media Initiative, Human Rights Locations: Ukrainian, Berdyansk, Russian, Novaya, Zaporizhzhia Oblast, Ukraine, Ukraiian, Berdyansk Ukraine

☆ Russia has been using the Chinese yuan to get around sweeping Western sanctions — but this side door may be closing
▼ + stars: | 2023-06-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The bank made the move over fears of secondary sanctions from the West, per RBC. Russia has been using the Chinese yuan to get around Western sanctions. Russian clients can still make yuan transfers within the Bank of China network, Semyonov added to RBC. The Chinese yuan surpassed the US dollar as the most heavily traded currency in February and March, according to Bloomberg data. Semyonov told RBC that Russian yuan transfers to the US and EU make up just 3% of all transfers in the currency.

Persons: —, Russia's, Pavel Semyonov, Dmitry Lesnov, Semyonov, Finam Organizations: of, RBC, Service, The Bank of, European, Bank of China, EU, Novaya Gazeta, The, Swift, Bloomberg, Reuters Locations: of China, EU, Switzerland, Russia, The Bank of China, European Union, Modulbank, China, Novaya, Novaya Gazeta Europe, Ukraine

☆ Putin has a secret plan to squeeze Western companies as they leave Russia by seizing their assets at bargain prices, report says
▼ + stars: | 2023-06-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

According to the report, the measures are designed to punish countries that seize Russian assets, and reward those which don't. Western companies that've stayed in Russia have made significant profits there, indirectly helping the Kremlin fund its war. Western companies collectively contributed more than $3.5 billion to the Russian state in 2022, Russian independent outlet Novaya Gazeta reported. The new measures Putin signed could be interpreted as a way of making it more difficult for firms to leave. Earlier in June, the Russian government sought to raise $4 billion by imposing a windfall tax on large Russian companies, Insider reported.

Persons: Putin, —, Vladimir Putin, they'd, that've, Dmitry Peskov, Peskov Organizations: Service, Financial Times, McDonalds, Ikea, Kremlin, Novaya Gazeta Locations: Russia, Ukraine, Russian, AFP

☆ The EU is losing patience with European banks still making money in Russia. A top official is now pressuring them to exit the market 'as soon as they can.'
▼ + stars: | 2023-06-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A top ECB official called on EU banks still operating in Russia to exit the market asap. His comments followed news that some Western firms are still operating in Russia, despite sweeping sanctions. It's unclear how many Western banks are still doing business in Russia. The Financial Times reported in January that just a handful of the 45 Western banks with subsidiaries in Russia have managed to exit. Still, EU banks have managed to reduce their exposures to Russian counterparties by 37% in 2022, he said.

Persons: —, Russia —, Andrea Enria, Enria, it's Organizations: ECB, Service, European, European Central Bank, European Financials Conference, Financial Times, Novaya Gazeta Europe, Austria's, Raiffeisen, Reuters, Yale University, Russia Locations: Russia, Ukraine, Novaya

☆ Some European banks are still making money in Russia. The EU is losing patience and pressuring them to exit the market ASAP.
▼ + stars: | 2023-06-15 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

☆ Western companies still operating in Russia were so profitable in 2022 that their corporate taxes contributed almost $4 billion to the country's revenues
▼ + stars: | 2023-06-13 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The 100 largest Western companies still operating in Russia posted $13 billion in profits in 2022, per Novaya Gazeta. Profits jumped 54% from 2021 and the firms contributed $3.5 billion in corporate taxes in 2022. The top 100 Western companies that remained in Russia made so much money that they contributed nearly 288 billion rubles, or $3.5 billion, in corporate taxes in 2022, according to a June 8 report from Novaya Gazeta Europe. The biggest taxpayers were US, UK, and French companies who paid 40 billion, 47 billion, and 55 billion rubles, respectively. Like TotalEnergies, BP, and Raiffeisen Bank, many Western companies are still trying to leave Russia.

Persons: —, TotalEnergies Organizations: Novaya Gazeta, Companies, Raiffeisen Bank, Service, Novaya Gazeta Europe, Austria's, Bank, Reuters, Yale University, Financial Times Locations: Russia, Novaya, Ukraine, Moscow, Europe, TotalEnergies

☆ 'Moscow is becoming a front line city' – The Ukraine War has finally come home to Russia
▼ + stars: | 2023-06-12 | by ( Dominik Kalus | ) www.businessinsider.com time to read: +7 min

For weeks now, attacks by Ukraine within Russia have been increasing. Dead civilians, villages cleared out, and a seemingly overworked government: Moscow's war on Ukraine has finally hit home in Russian society. A woman waits at a bus stop next to a poster promoting Russian army service, as the Russia-Ukraine conflict continues, in Moscow, Russia April 12, 2023. "The attacks in Belgorod are busting the myth of Putin's military being invincible," said political scientist Abbas Galljamow to the DPA news agency. Because these attacks within Russia are making even initially neutral Russians care about the war – and they're starting to approve of it.

Persons: —, Schapscha, Moscow's, Sergej Markow, Michail Rostowski, Alexander Dugin, Yulia Morozova, Jens Siegert, who's, Savva Tutunow, Putin, Abbas Galljamow, There's, Wagner, Yevgeny Prigozhin, Konstantin Satulin, Russia hasn't, –, Putin's, Dmitry Peskov, They're, Peskov, Alarmism Organizations: Service, Putin, Pictures, REUTERS, Novaya Gazeta, Wagner Group, Russia, Publicly Locations: Ukraine, Russia, Kherson, South Ukraine, Belgorod, Strelkovka, Kaluga, Moscow, Voronezh, Russian

☆ Anti-Kremlin rebels are back marauding inside Russia and triggering fears Putin's forces can't defend the homeland
▼ + stars: | 2023-06-02 | by ( Sam Fellman | ) www.businessinsider.com time to read: +3 min

A small group of anti-Kremlin Russians with armored vehicles crossed into the Belgorod region of Russia. Images captured the damage they caused inside Russia, and triggered debate and skepticism of Putin's regime. The melee adds to fears that Russia's troops are not up to the task of stopping a looming Ukrainian counter-offensive. But their operation has succeeded in one critical aspect: Creating images of wreckage inside Russia's borders that are reigniting debates among hardliners deeply skeptical of Russian officialdom. —Novaya Gazeta Europe (@novayagazeta_en) June 2, 2023According to Russia's TASS state-run news agency, Ukraine's military "repeatedly shelled" Shebekino, injuring more than 10 people and Russian troops had stopped them from entering the village.

Persons: —, Igor Girkin, Vladimir Putin, that's Organizations: Kremlin, Service, of Russia Legion, Novaya Gazeta Europe, Russia's TASS, Institute for Locations: Belgorod, Russia, Ukrainian, Shebekino, Ukraine, Russian, Western, Belgorod Oblast

☆ Polish news websites hit by DDoS attacks
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

WARSAW, May 18 (Reuters) - Several Polish news websites were hit by distributed denial-of-service (DDoS) attacks that the government said could be the action of Russian hacking groups, the digitalisation minister was quoted as saying on Thursday. DDoS attacks work by directing high volumes of internet traffic towards targeted servers in a relatively unsophisticated bid to knock them offline. Asked whether Russian groups were behind the attacks, Cieszynski said "we have such information". According to PAP, the websites affected included those of daily newspapers Gazeta Wyborcza, Rzeczpospolita and Super Express. Reporting by Alan Charlish and Karol Badohal; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Russia says European armed forces treaty contrary to its security interests
▼ + stars: | 2023-05-14 | by ( ) www.reuters.com time to read: +1 min

May 15 (Reuters) - The European armed forces treaty from which Moscow is to withdraw is contrary to Russia's security interests, Russia's envoy in charge of the withdrawal said in remarks published early on Monday. Russia's parliament is to decide on Monday when to formally denounce the Treaty on Conventional Armed Forces in Europe (CFE), following President Vladimir Putin's decree on May 10. "The CFE Treaty, due to the changed situation, is contrary to our security interests. Ryabkov was appointed last week to represent Putin during parliamentary proceedings on denouncing the treaty, which aimed to regulate the number of forces deployed by Warsaw Pact and NATO countries. Russia announced in 2015 that it was completely halting its participation in the treaty.

☆ The Russian military is offering up to 10x an average salary to fill its ranks depleted by Ukraine invasion casualties
▼ + stars: | 2023-05-13 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

An investigation has found that Russia has been using a popular job website to entice war recruits. Some of the roles offer salaries 10x the average Russian monthly salary of 63,060 rubles ($810). Military employers searching on the site included the 43rd Regiment of the Russian Guard and the contractual recruitment office for military service in Tver Oblast and the Kemerovo and Novgorod regions. Last month, the Russian military launched a video campaign to lure more soldiers into fighting in Ukraine. The Russian military has consistently hinted at the possibility of a second mass mobilization, with one expected at the beginning of the year and another in April.

☆ A new law allows Putin to draft Russians via an online portal — even if they don't have an account. It 'brings the digital Gulag much, much closer,' critics say
▼ + stars: | 2023-05-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

A new law allows Russian conscripts to be notified of their military service via government portal. Critics say the move creates "a digital system of social control" akin to a virtual Gulag labor camp. The new conscription law, she wrote, "brings the Digital Gulag much, much closer." What is the Digital Gulag? With the digital registry and harsh punishments for noncompliance, "the government wants to create a digital system of social control by regulating individual access to rights and benefits," Stanovaya wrote.

CNN —An acclaimed theater director and playwright have been arrested in Russia and accused of “justifying terrorism” for their play about Russian women being recruited online to marry Islamic State fighters in Syria. Yevgenia Berkovich was arrested on Friday alongside the play’s author, Svetlana Petriychuk, after investigators alleged that their award-winning play “Finist, the Brave Falcon” was in violation of the law. Prosecutors argue the work “romanticizes, justifies and glorifies terrorists” as well as promoting the “ideology of radical feminism”, Russian state media TASS reported. It was staged in 2021 by Berkovich’s own company, with the support of the Union of Theater Workers of the Russian Federation and the Ministry of Culture of the Russian Federation, according to independent news website Meduza. Russia’s cultural scene has faced increased repression since Russia launched its invasion of Ukraine.

☆ Moscow's promise of big payments to its troops is creating a new headache for the Russian military
▼ + stars: | 2023-04-18 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

But there are already reports of Russian troops not getting paid on time or at all. Anger over pay issues could worsen the already poor morale among Russian troops in Ukraine. Lev Vlasov/SOPA Images/LightRocket via Getty ImagesOn the other hand, life in the Russian military is no picnic. Nonetheless, military pay looks generous compared to the civilian sector, where the average monthly wage is 63,000 rubles, or $770. However, cutting military pay – or failing to pay salaries and bonuses – would be a risky move.

☆ Russia's economy is becoming more 'primitive' and war could push it to the same fate as the Soviet Union, says economist targeted by Moscow
▼ + stars: | 2023-04-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Economist Konstantin Sonin said the Russian economy has become more primitive since the war began, Russian news outlet Novaya Gazeta reported. The economist, who Moscow placed on its wanted list, said Russia could follow the Soviet Union's path toward "complete economic implosion." "Everything that is happening makes the Russian economy more primitive, more backwards." "Everything that is happening makes the Russian economy more primitive, more backwards," Konstantin said. And I think we are seriously going to follow the Soviet Union's path from the 1970s to the complete economic implosion of the late 1980s."

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