Russia’s Qiwi Posts Record 2022 Profit as ‘Sanctions Beneficiary’

Russian payment services provider Qiwi posted an all-time record profit in 2022 as Russians found themselves cut off from cross-border transactions and other payment services due to the war in Ukraine, the Vedomosti business daily reported Monday. Qiwi’s net revenue last year totaled 34.137 billion rubles ($436.5 million), up from 23.113 billion rubles ($295.5 million) in 2021.…

Russia Forms Drone, Microchip Investment Fund – Vedomosti

President Vladimir Putin’s technological advancement initiative has established a joint venture fund to invest in drones and microchips amid shortages exposed by the war in Ukraine, the Vedomosti business daily reported Monday. Putin created the National Technology Initiative (NTI) in 2014 to ensure Russia’s long-term technological leadership. According to Vedomosti, NTI’s project support fund has partnered…

Russian NPPs exceeded the state task of the FAS Russia by more than 4.4% in the first quarter of 2023

Nuclear power plants in Russia (branches of Rosenergoatom, ROSATOM’s Electric Power Division) generated about 53.5 billion kilowatt-hours in three months of 2023, or 104.42% of the balance target* of the Federal Antimonopoly Service (FAS) of Russia. Therefore, since the beginning of the year, about 2.3 billion kWh have been generated in excess of the FAS…

Leaving Russia, With Children

Tobin Auber is an English writer who lived in St. Petersburg for 29 years. During that time he worked in many jobs, including as editor of The St. Petersburg Times and as a film producer. He has published ten chapters of his memoir, “30 Days in the Hole,” an extract of which is published here.…

In the first quarter of 2023 ROSATOM wind farms generated 650 thousand MWh of electricity

In the first quarter of 2023 wind farms of NovaWind (ROSATOM’s wind power division) generated 650 thousand MWh of electricity, having demonstrated a 1.2-fold increase year-on-year. In Q1 2022, the wind farms produced 550 thousand MWh (excluding power output from the Berestovskaya Wind Farm). The 2023 figure includes electric power generated by seven wind farms…