Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Mosenergo Rises on Ouster

Shares of Mosenergo jumped for a second day, advancing to a five-month high Thursday on speculation that the ousting of Mayor Yury Luzhkov will boost the power utility’s market share in the capital.

The stock closed up 5.9 percent at 3.53 rubles, its strongest since April 29. The shares added 4.3 percent Wednesday. Luzhkov’s departure deprives rival Moscow Integrated Power of its “staunchest ally,” said Alexander Kornilov, a senior analyst at Alfa Bank. “It’s very positive for Mosenergo,” he said.

(Bloomberg)


Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.