Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

Russian Diamond Miner Alrosa Sees Net Loss of $283 Billion in 2014

An Alrosa worker at a company facility in Moscow sorting rough diamonds prior to processing.

Russian diamond mining company Alrosa said Monday that it had a net loss of 16.8 billion rubles ($283.28 million) in 2014 due to the revaluation of the dollar-denominated part of its debt portfolio caused by a weaker ruble.

The miner, the world's top producer by output in carats, said its revenue rose 23 percent to 207.2 billion rubles and earnings before interest, taxes, depreciation and amortisation grew by 36 percent to 93.9 billion rubles.

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.