Reported about 1 year ago
Russian tycoons have received over $11 billion in dividends as their companies resumed or increased payouts amidst improving economic conditions following the war in Ukraine. Despite facing sanctions, key figures like Vagit Alekperov, Alexey Mordashov, and Vladimir Lisin have seen substantial dividend incomes. Russia's economy rebounded as the government prioritized defense industry expansion, supported businesses, and redirected sales to alternative markets, with GDP growing by 5.4% in the first quarter. However, challenges are expected ahead, potentially leading to tax increases and investment uncertainties for tycoons.
Source: YAHOO