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The so-called voucher privatization program of 1992–1994 enabled a handful of young men to become billionaires, specifically by arbitraging the vast difference between old domestic prices for Russian commodities (such as natural gas and oil) and the prices prevailing on the world market.
Boris Abramovich Berezovsky (Russian: Борис Абрамович Березовский, Hebrew: בוריס ברזובסקי; 23 January 1946 – 23 March 2013), [5] [6] also known as Platon Elenin, [7] was a Russian business oligarch, government official, engineer and mathematician and a member of the Russian Academy of Sciences.
Vertically integrated companies were created by joining some oil-producing enterprises and refineries into open-stock companies. Starting in 1994 many former state oil companies were privatized. This privatization had been partial because the federal government had obtained ownership positions in several companies and had also retained full ...
Warren Buffett is right to be devouring shares of oil giant Occidental Petroleum (), says one long-time oil markets strategist.. The billionaire investor's Berkshire Hathaway (BRK-A, BRK-B ...
The Prime Minister will also visit the United Arab Emirates while trying to reduce reliance on Russia fuel after the invasion of Ukraine.
According to a regulatory filing known as a Form 8K, Hurd will receive $12.2 million in cash under HP's severance plan, vested options on 775,000 shares of HP stock, and another 345,000 shares ...
Privatization transferred much of this wealth into the hands of a few, making them immensely rich. Stocks of the state-owned enterprises were issued, and these new publicly traded companies were quickly handed to the members of Nomenklatura or known criminal bosses. For example, the director of a factory during the Soviet regime would often ...
Former British Prime Minister Boris Johnson -- ousted by ethics scandals just three months ago -- jockeyed to make a comeback Friday as one of several contenders seeking to replace Liz Truss ...