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.


… 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