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How do Russian Politicians and Oligarchs Withdraw their Money from Austria?
The Russian money nobility has begun to repatriate large amounts of its western-hoarded money back to Russia in order to deprive it of access by Western authorities. The countries of origin are above all Switzerland, but also Austria and Great Britain. Sberbank, Russia's largest and state-owned bank, speaks of an atypically high capital inflow to Russia. Within a few weeks, a tripling of such repatriation transactions took place compared to the same period of the previous year. The sum is hundreds of millions of dollars. The average transfer amount has increased within a year by 50% to 3 million dollars. This meets with the Kremlin's desire to repatriate Russian assets.
February 22, 2018
Oleg Deripaska's Basic Element Raises Stake in Strabag to Over 25 Percent
Russian oligarch Oleg Deripaska's option to increase his stake in Austrian construction group Strabag SE to 25 percent plus one share (a blocking minority stake) has been exercised.
July 16, 2014
Deripaska to Raise his Stake in Strabag to 25%
Russian oligarch Oleg Deripaska plans to raise his stake in construction company Strabag to 25% from 19.4%.
June 12, 2014
Russia: Rusal to Slip into the Red
Russian metal giant Rusal has to decrease production by 357,000 tons this year due to a drop in prices in aluminium. The company now hopes for state subsidy.
August 19, 2013
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