Russian executives and shareholders received over $11 billion in dividends in the past year, despite sanctions and the ongoing war in Ukraine.
Executives and shareholders of some of the largest companies in Russia have pocketed the equivalent of more than $11 billion in dividends in the past year as many firms resumed dividend payments, a Bloomberg analysis showed on Tuesday. At least 12 Russia n executives, former executives, and shareholders of some of the major local firms – including in the energy sector – received more than $11.
Another former Lukoil executive, Leonid Fedun, is also among the businessmen who have gained the most in dividends from Russian companies. Fedun is also a shareholder in Lukoil and is under Western sanctions. Leonid Mikhelson, owner of LNG developer Novatek, and tycoon Gennady Timchenko, who holds a share in the Russian gas company, have also received generous dividends from their stakes in the company, according to Bloomberg’s analysis of public data.
Dividends Oligarchs Sanctions Ukraine War Oil And Gas Lukoil Novatek Taxes Leonid Mikhelson
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