The cost of war in Ukraine. Online August 10

The Bell continues to report online on the economic impact of the war in Ukraine, which began on February 24, 2022.

THIS MATERIAL (INFORMATION) IS PRODUCED AND DISTRIBUTED BY THE BELL'S FOREIGN AGENT OR CONCERNES THE ACTIVITIES OF THE BELL'S FOREIGN AGENT. 18+

Our site has been blocked. Subscribe to The Bell on Telegram!

As part of military censorship, Roskomnadzor blocked The Bell website, along with dozens of other independent media outlets. But we continue to work. Please subscribe to our Telegram channel - the editors publish news, analytics and exclusives there the fastest. And here we tell you where else to read us and how to support The Bell.

21:16 Magnit completed the repurchase of shares from foreign investors

In total, the retailer bought 16.6% of the shares for 37.4 billion rubles, according to the company’s press release. As a result of the transaction, about 200 applications from shareholders from the USA, Great Britain, Germany, Italy, Switzerland, Singapore, Japan and other countries were satisfied.

We are talking about securities that are accounted for in the Russian depository and settlement infrastructure. Settlements with shareholders who own shares through the Euroclear system continue. Magnit promised to report these results separately when it completes the calculations.

The company noted that it may make additional repurchases of shares from non-resident holders in the future: for example, conduct a re-tender offer and/or enter into bilateral purchase and sale transactions at the tender offer price (RUB 2,215 per share).

Magnit increased the limit on repurchasing its own shares from non-residents from 10% to 29.8% at the end of June. At the time (as in today's press release), the company noted "significant interest" from shareholders. The Bell explained in detail how it arose under the pressure of circumstances here .

19:22 “Important Stories”* learned about the income of the head of VTB Andrey Kostin at 1 billion rubles per month

The head of VTB, Andrei Kostin, earned at least 11.4 billion rubles in 2020, writes “Important Stories” with reference to data on the incomes of Russians that was leaked online. Part of this money - 2 million rubles - came from the United Grain Company, another million each from the World Bank for Reconstruction and Development and Rosneft (Kostin owns 0.001% of its authorized capital). The rest of the amount was provided by VTB, which Kostin has led since 2002.

These incomes include salaries, dividends, bonuses and other payments. There is no specific breakdown in the tax base.

Several journalists of the publication noted that they found their income for 2020 from the leaked data, but not all. Those that were found were indicated accurately. Based on this, journalists assume that Kostin received in 2020 no less than the amount indicated in the documents - “possibly more.”

At the average rate of 2020, Kostin received over $158 million. This makes him the most “expensive” top manager of Russian state corporations, the article says. Navalny's supporters yesterday revealed the annual salary of Rosneft Chief Executive Officer Igor Sechin. Total - 3.32 billion rubles, or $46 million at the 2020 exchange rate.

* Recognized in Russia as a foreign agent and an undesirable organization

17:46 The Kremlin fears that the nationalization of Yandex could lead to a serious outflow of qualified IT personnel from it, writes Reuters. According to four of the agency’s interlocutors, this has become the main factor that impedes the scenario of the company’s transfer to the state.

14:13 Vladimir Putin, at a meeting with VTB President Andrei Kostin, supported the government’s proposal to transfer the United Shipbuilding Corporation from the state to the state bank. 100% of USC shares are transferred to VTB for trust management for 5 years in order to stabilize the financial condition of the company.

“The trust management of shares does not change the form of ownership and obligations under existing contracts, including the execution of state defense orders and the construction of civilian projects. Shipbuilding is now in a growth phase, which requires ensuring financial stability and investment in the modernization of USC production facilities, where most of the domestic shipbuilding complex is consolidated,” RBC quotes USC’s statement.

State Bank quotes rose by 4% on the news.

12:12 Yandex founder Arkady Volozh condemned the war .

11:07 VK Group reported for the second quarter and half of the year. The main thing is that the company remained unprofitable, but reduced the loss in the first half of the year to 8.8 billion rubles from 53.5 billion rubles a year ago and increased revenue by 36%, mainly due to social networks and content services. appeared The day before, information that VK was inferior to Telegram in terms of monthly audience.

9:16 The Prosecutor General’s Office has recognized the activities of the Conflict Intelligence Team, which investigates military conflicts, as undesirable.

“The electronic platform, which was originally called War in Ukraine, was created by Russian citizen Ruslan Karpuk, who is hiding abroad from criminal prosecution, together with members of the banned extremist organization FBK,” the Prosecutor General’s Office said in a statement.

According to the department, the main goal of CIT is to collect and publish information about the Russian Armed Forces with the aim of discrediting the personal data of military personnel.

as a foreign agent last November The founder of CIT, Ruslan Karpuk, was recognized .

The main thing for the night and morning:

By the beginning of summer, almost all sectors of Russian industry were experiencing high personnel vulnerability associated with a shortage of qualified personnel, as follows from the work of HSE experts, which is recounted by RBC. The auto industry, manufacturers of vehicles, electrical equipment and petroleum products complain most about the lack of specialized workers.
Two more attack drones tried to attack Moscow at night, said Sergei Sobyanin . One was shot down by air defense systems in the Kaluga region, the other in the Central Ring Road area, above the Odintsovo district. Due to drones, Vnukovo and Domodedovo airports limited the reception and departure of flights at night. It was also reported about a major fire in the town of Domodedovo near Moscow: a car service center was burning on an area of 1000 square meters. m. Telegram channels suggested that the fire could have been caused by a drone. According to another version , gas cylinders exploded. The cause of the fire was not officially stated. The Ministry of Defense also reports that 11 drones tried to attack Sevastopol - two were shot down, nine were suppressed by electronic warfare.
After an explosion on the territory of a plant in Sergiev Posad, the fate of 12 people remains unknown, reported emergency services . The day before, the death of one person was confirmed; more than 50 were injured. Clearance of the rubble continues.
Republicans, in the course of their investigation into “influence trading” by Joe Biden, found that in the spring of 2014, while he was then vice president, he met with one of the richest women in Russia, Elena Baturina, in Washington. Baturina subsequently transferred $3.5 million to a company co-founded by Biden’s son, according to the second investigative report. In total, it is alleged that the Biden family could have received $20 million from foreign businessmen.