Retired Pension Fund // Andrey Kigim leaves PFR before merging with FSS

The head of the Pension Fund of Russia (PFR) Andrey Kigim resigned. The technical work leading up to the forthcoming merger of the PFR and the Social Insurance Fund (SIF), which was previously managed by Mr. Kigim, is largely completed. There is still no answer to the question of what the single Social Fund will … Read more

Positions were added to Denis Manturov // The head of the Ministry of Industry and Trade became an industrial vice-premier

Vladimir Putin on Friday approved personnel reshuffles aimed at solving the problems of Russian industrial production in the face of sanctions – Industrial Deputy Prime Minister Yury Borisov was dismissed, and his powers were given to the new Deputy Prime Minister and head of the Ministry of Industry and Trade Denis Manturov. It is expected … Read more

Take and replace // Denis Manturov was added to the ministerial duties of vice-premier problems

The agenda of the meetings of the State Duma and the Federation Council on July 15 became known: the parliament did not go on vacation, as it should appoint Denis Manturov, head of the Ministry of Industry and Trade, as the eleventh deputy prime minister. Other resignations and appointments have not yet been announced, which … Read more

About Sollers, about Sollers mio // Vadim Shvetsov sold the auto concern to top managers

As it became known to Kommersant, Vadim Shvetsov left the automotive business – Sollers Auto was sold to a company founded by the top management of the auto concern. The source of Kommersant explains the decision of Mr. Shvetsov by the need to change the strategy of the concern, which focused on joint ventures with … Read more

The head of Rosneft promised the world “Noah’s Ark” // Igor Sechin believes that Vostok Oil will save the economy from the energy crisis

The head of Rosneft, Igor Sechin, in his speech at SPIEF 2022, condemned the “sanction bacchanalia” of the EU and the United States, which imposed an embargo on Russian oil and oil products for military operations in Ukraine. He compared the situation in the oil market with the biblical “global flood”, and also accused the … Read more

“Gazprom” is not worried about the decline in sales in the EU // Alexey Miller saw a “paradigm shift” due to rising gas prices

Gazprom sees no problem in falling demand for its gas from Europe and will speed up the implementation of the eastern gas program in the near future, CEO Alexei Miller said at SPIEF 2022. In his opinion, Europe will have to fight for the supply of “golden” LNG with Asian buyers. Mr. Miller also noted … Read more

“There will be a gradual loss of modern skills” // What will happen to the Russian labor market under sanctions

The sanctions and counter-sanctions associated with the special operation in Ukraine, and the economic crisis caused by them, threaten Russians not with mass unemployment, but rather with a serious drop in income. This opinion was expressed by Vladimir Gimpelson, director of the Center for Labor Studies at the Higher School of Economics, to Kommersant’s correspondent … Read more

Yandex.Sanction // How EU restrictions on Arkady Volozh will affect the company he founded

The founder of “Yandex” Arkady Volozh, who fell under the restrictions of the European Union, left the post of CEO of the parent company Yandex NV In “Yandex” itself, they do not see any risks in connection with the imposition of sanctions against the founder and expect to maintain relations with foreign partners. But experts … Read more