Big payouts: Gazprom CEO Alexander Dyukov at a panel session at the St Petersburg International Economic Forum. Many state-controlled firms like Gazprom never stopped making dividend payments as they racked up record profits during the war. — AP
MOSCOW: Russian tycoons received billions of dollars in dividends as their companies resumed or boosted payouts amid easing economic uncertainty over the Kremlin’s war in Ukraine.
At least a dozen business people gained over one trillion rubles in 2023 and in the first quarter of this year, according to data on dividends compiled by Bloomberg from publicly disclosed information. Many have close links to President Vladimir Putin and include some who’ve been sanctioned over the war that’s now in its third year.
