"Sanctions on Hand": Russian oligarchs got rich almost to the pre -war level - the media
According to the publication, the global conflict has contributed to the significant growth of world prices for grain, fertilizers, metals and energy, which brought significant profits to Russian companies. In particular, Andriy Melnichenko, the owner of Europe and Sake corporations, became the richest person in the Russian Federation, increasing their wealth in 2022 - from $ 11 billion to $ 25 billion, which was a record for him.
The exit of Western corporations from the market is another factor that contributed to the success of Russian oligarchs. This freed up space for the development of Russian companies and led to an increase in their income. Due to this, they were able to replenish their portfolio assets, which previously belonged to Western companies. Volodymyr Potanin purchased a Rosbank A controlling stake, which was previously owned by the French company. Similarly, Ivan Tyrishkin purchased Czech Home Credit.
These agreements enabled the oligarchs to expand their business portfolios. Oligarchs Leonid Michelson and Gennadiy Tymchenko, the owners of Novatek, purchased the shares of Western companies Shell and Total in large areas of oil and gas production in Russia. This expanded their participation in the energy industry and strengthened their position in the Russian oil and gas market.
In total, after the fall of 2022, the value of Russian billionaire assets increased from $ 353 billion to $ 505 billion. Recall that on July 4, according to Bloomberg Billionaires Index (BBI) rating, it became known that the wealth of the richest businessmen from the Russian Federation has increased by more than $ 16 billion since the beginning of 2023.