Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

X5 Approved to Buy Ostrov

X5 Retail Group received anti-monopoly approval to buy the Ostrov retail chain, Federal Anti-Monopoly Service deputy head Andrei Kashevarov said, Interfax reported Monday.

The group was granted similar approval to acquire food retailer Kopeika last week, X5 CEO Lev Khasis said.

Separately, X5 said Monday that it received $800 million of loans to partly refinance a $1.1 billion facility maturing in December.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more