Russian Tycoons Pocket $11 Billion Dividends on War Economy Boom
- A dozen business people shared 1 trillion rubles in payouts
- Companies resumed dividends as economy adjusted to sanctions
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 more than 1 trillion rubles ($11.3 billion) for 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.