Support The Moscow Times!

Bank May Sell Rostelecom

Gazprombank may sell 7 percent of Rostelecom for about $700 million, Kommersant reported Tuesday, citing sources familiar with the situation.

The bank is in talks with Marshall Capital Partners, the paper reported. The investment funds owns about 3.9 percent of Rostelecom.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.