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☆ Exclusive: Russia's VTB may pull out of running for Yandex stake - CEO Kostin
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Maxim ShemetovMOSCOW, June 9 (Reuters) - Russian state-owned lender VTB (VTBR.MM) may pull out of the running to acquire a stake in internet giant Yandex (YNDX.O), the bank's CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank's initial offer. Kostin said he was not sure VTB would continue with its bid. "I am not sure that we will go into Yandex," Kostin told Reuters when asked about plans. "It was announced at $7 billion recently, we submitted our application at a different price level, lower," Kostin said. VTB was hit hard with Western sanctions over Russia's actions in Ukraine, something that limits its ability to front a consortium bid, Kostin said.

Persons: Maxim Shemetov, Andrei Kostin, Kostin, –, Arkady Volozh, VTB, Vladimir Potanin, Vagit Alekperov, Guy Faulconbridge, Elena Fabrichnaya, Alexander Marrow Organizations: Moscow International Business Center, REUTERS, VTB, Reuters, Kostin, Yandex NV, Thomson Locations: Moscow, City, Russia, Maxim Shemetov MOSCOW, Yandex, Ukraine, Yandex's

☆ After a year of fighting in Ukraine, the brutal logic behind Russia's 'human wave' attacks is becoming clear
▼ + stars: | 2023-06-01 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

At the bottom of the hierarchy is what RUSI terms "disposable infantry." According to the RUSI report, the term "human wave attacks" has been misleadingly applied to the way Russia has employed these infantry forces. The assault troops attack in larger company-size formations, backed by tanks and artillery as they attempt to outflank Ukrainian defenses. Once their mission is complete, assault forces are replaced by line and disposable infantry, who begin preparing for the next attack. Disposable troops are fed into the meat-grinder and killed or wounded before they can gain enough experience to survive.

Persons: —, Wagner Group's, Arkady Budnitsky, Wagner, They're, Diego Herrera Carcedo, demographically, Michael Peck Organizations: Service, Royal United Services Institute, Anadolu Agency, Getty, Wagner Group, Donetsk People's Republics, Russian, Soviet, —, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russia, Russian, British, Rostov, Luhansk, Donetsk, Kharkiv, Forbes

☆ Staff at several Subway stores in San Francisco missed out on $265,000 of wages after the franchisee gave them checks that bounced, Labor Department says
▼ + stars: | 2023-05-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Bay Area Subway franchisee paid staff more than $265,000 in bounced checks, the DOL said. The stores also violated child-labor laws, kept tips, and got staff to falsify records, a DOL investigation said. Between July 26 and December 26, 2022, alone, 297 checks bounced from just one bank account belonging to one of Meza's businesses, a DOL investigator said in a declaration. The investigation by the DOL's Wage and Hour Division covered 14 franchise stores in total, but the department did not say how many had given bad checks to staff. Meza's business associate also threatened to file a false police report against two 15-year-old employees who asked for their unpaid wages, the DOL wrote in the lawsuit.

☆ Iranian chess referee spars with governing body over women's solidarity
▼ + stars: | 2023-01-13 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +4 min

[1/4] Iranian chess referee Shohreh Bayat looks on during the Women's World Chess Championship in Vladivostok, Russia January 16, 2020. "I don't think it's normal to stay quiet about this," Bayat, 35, told Reuters in a video interview. The Iranian said Dvorkovich asked her to change her attire in Iceland, after another chess official had raised the issue. According to a message seen by Reuters, a senior FIDE official told Bayat she had been removed from the commission because Dvorkovich was "furious" with her. Bayat was awarded the International Women of Courage Award by the United States in 2021 and has since used her platform to advocate for Iranian women.

☆ Putin drives across Crimea bridge in a Mercedes
▼ + stars: | 2022-12-05 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +2 min

[1/4] Russian President Vladimir Putin visits a bridge connecting the Russian mainland with the Crimean Peninsula across the Kerch Strait, December 5, 2022. Sputnik/Pool via REUTERSMOSCOW, Dec 5 (Reuters) - President Vladimir Putin on Monday drove a Mercedes across the Crimean Bridge linking southern Russia to the annexed Crimean peninsula, less than two months since an explosion tore through one of the Kremlin chief's showcase infrastructure projects. The 12-mile (19 km) road and rail bridge, which was personally opened by Putin in 2018, was bombed on Oct. 8 in an attack Russia said was carried out by Ukraine. "We are driving on the right hand side," Putin said, as he drove across the bridge. The blast also destroyed several fuel tankers on a train heading towards the annexed Crimean peninsula from neighbouring southern Russia.

☆ Krispy Kreme has exited Russia over the war in Ukraine. 'Krunchy Dream' is taking its place.
▼ + stars: | 2022-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

A chain of new donut shops called Krunchy Dream has sprung up in Russia, where Krispy Kreme once stood. They are owned by the Novikov Group, whose owner Arkady Novikov is Krispy Kreme's only former franchisee in Russia. It then proceeded to shutter all Russian Krispy Kreme shops. Krispy Kreme said in its second-quarter earnings results release that it had closed 30 franchise shops in Russia. Krispy Kreme and the Novikov Group did not immediately respond to Insider's requests for comment which were sent outside regular business hours.

☆ 'Krunchy Dream' welcomes Russian customers after Krispy Kreme exit
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

Soon after Russia launched what it calls a "special military operation" in Ukraine, Krispy Kreme suspended all shipments of doughnut making supplies and ingredients to Russia and ended the agreement with its lone Russian franchisee. [1/3] A man walks past the Krunchy Dream cafe, which opened on the site of one of Krispy Kreme's cafes after the U.S. chain left the Russian market, in Moscow, Russia November 21, 2022. REUTERS/Evgenia Novozhenina 1 2 3A company owned by restaurateur Arkady Novikov, Krispy Kreme's former franchise partner, applied to register the Krunchy Dream trademark in late September, the RBC daily reported on Monday. Novikov Group and Krispy Kreme did not immediately respond to requests for comment. In a financial results statement in August, Krispy Kreme said it had closed 30 franchise shops in Russia.

☆ Squatters who took over a sanctioned Russian oligarch's mansion are told by judge they can stay
▼ + stars: | 2022-11-17 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A house in Amsterdam owned by sanctioned Russian oligarch Arkady Volozh was occupied by activists. Despite the Yandex billionaire's best efforts, a judge ruled that the squatters can stay. Volozh is not the first sanctioned oligarch to have his European property overtaken. Squatters moved into the five-story luxury house belonging to billionaire Arkady Volozh on October 27, according to Dutch newspaper De Telegraaf. This is far from the first protest action in the properties of high-profile sanctioned Russian figures.

☆ A failed war helped bring down the Soviet Union. Now Putin's failing war in Ukraine might set Russia up for a bleak future.
▼ + stars: | 2022-11-09 | by ( Joy Neumeyer | ) www.businessinsider.com time to read: +13 min

The Soviet Union's war in Afghanistan and Russia's current war in Ukraine have obvious similarities in their disastrous planning and execution. In the 1990s, Afghanistan veterans' sense of aggrievement fused with that of veterans returning from Boris Yeltsin's war in Chechnya. Putin's war, Russia's futurePutin meets soldiers at a military training center outside the town of Ryazan in October. While glasnost-era revelations about the Soviet war shocked the country into supporting withdrawal, these days there is little left to expose. Public self-criticism surrounding the Soviet war in Afghanistan, however brief and contested, shows that reassessment of imperial ambitions is possible.

☆ More than 400 Russian reservists died after their commanders ran away during a Ukrainian artillery bombardment, Russian soldier says
▼ + stars: | 2022-11-08 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Their wives are pleading with authorities to rescue the mobilized men, per Russian outlet Verstka. A second, unnamed soldier corroborated Agafonov's account, saying that "hundreds" of reservists died that day, per The Guardian. On October 13, Anastasia Kashevarova, a pro-war Russian blogger, complained on her Telegram channel of how the Russian reservists are being treated. The Russian Telegram channel "War on Fakes," which spreads disinformation in the Kremlin's favor and is often quoted by Russian authorities, claimed on Sunday that reports of mass casualties among the Russian reservists were fake. Western intelligence now regularly reports that Russian reservists are arriving at the frontlines with poor equipment and Soviet era weapons.

☆ Russia is scraping the bottom of the manpower barrel in order to hold off Ukraine's advance
▼ + stars: | 2022-10-11 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Members of the German Volkssturm march during their swearing-in ceremony in Berlin on November 12, 1944. While Russia still has a military draft, only about 30% of its troops are conscripts, with the remainder contract soldiers. Arkady Budnitsky/Anadolu Agency via Getty ImagesHence, Putin signed an executive order for partial mobilization on September 21. But the hundreds of thousands of Russian men fleeing the country know better. Those new Russian soldiers will receive barely any training.

☆ Crimeea lor. Cum prietenii lui Vladimir Putin și oficialii locali au împărțit peninsula. Ce a însemnat această „împărțeală pentru locuitorii obișnuiți”
▼ + stars: | 2021-03-31 | by ( Diana Severin | ) www.zdg.md time to read: +10 min

Acum șapte ani, când Crimeea și Sevastopol au devenit parte a Rusiei, expresia „Crimeea noastră” a intrat în uz la ruși. O nouă statalitate a însemnat o schimbare a elitelor, iar această schimbare nu a fost mereu benefică pentru locuitorii peninsulei. Vila este atribuită diferiților reprezentanți ai elitei ruse: Iuri Kovalchuk, Vladimir Putin și speakerului Consiliului Federației Valentina Matvienko, dar, conform actelor, vila aparține lui Kovalchuk. Viktor, un gardian de la primul punct de control, susţine că vila este construită pentru Vladimir Putin. Aceasta în afara turnurilor de comunicare, a 21,5 hectare de teren în Crimeea și o pensiune din satul Pescianoe, lângă Sevastopol.

Persons: Iuri Kovalciuk, Viktor Ianukovici ., Ianukovici, Pavel, Iuri Kovalchuk, Vladimir Putin, Valentina Matvienko, Kovalchuk, Viktor, Vladimir Putin ., Putin, Serghei Aksenov, Arkady, Președintele, Acesta, Vladimir Vlasov, Yuri Kovalchuk, Rotenberg, Petri, Aksenov, Valery Aksenov, Vladimir Konstantinov, Konstantinov, Yevgeny, Укрросбуд, Интерстрой Organizations: Petri, Partidul Regiunilor, Мостотрест, Укртелеком, Киевстар Locations: Crimeea, Sevastopol, Rusiei, Rusia, Crimeei, St . Petersburg, Kovalchuk, Vila, Moscova, Federației Ruse, SUA, UE, Republicii Crimeea, Strâmtoarea Kerci, Vest, Kerci, Laspi, Yalta, Мыс Айя

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