Russian Oligarchs Reap $11 Billion Amid Economic Resilience

Despite international sanctions and ongoing conflict, Russian tycoons benefit from resumed dividend payouts as the economy stabilizes.

At least 12 Russian business tycoons received over $11 billion in dividends for 2023 and Q1 2024.
Key beneficiaries include Vagit Alekperov, Alexey Mordashov, and Vladimir Lisin, all with close ties to President Putin.
Russia's economy has rebounded with a 5.4% growth in Q1 2024, supported by increased government spending.
The World Bank recently upgraded Russia to a 'high-income country' despite ongoing geopolitical tensions.
Concerns remain about potential economic challenges in the latter half of 2024, including possible interest rate hikes.