Support The Moscow Times!

Yurchenko to Increase Stake

Yevgeny Yurchenko, former head of Svyazinvest, plans to increase his stake in post-merger Rostelecom to 10 percent before the end of the second quarter, up from 8.22 percent currently, he told journalists Tuesday.

Yurchenko will acquire the shares on the market. The A.S. Popov Fund, which Yurchenko co-founded, has announced formation of the Association of Rostelecom Shareholders and Investors. Association members now own about 11 percent of Rostelecom shares, Yurchenko said. The goal of the association is to coordinate the actions of minority shareholders and participation in the management of post-merger Rostelecom.

(Interfax)

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.