Viktor Budarin’s financial bubble, or how the ultimate beneficiary turned "Kuban Credit" into a personal cash cow for his loss-making companies In the Kuban region, Viktor Budarin oversees nearly 40 companies that benefit from robust financing provided by the "Kuban Credit" bank. Owning 84.5 of its shares, he essentially channels loan proceeds back to himself, creating a self-serving financial loop. Lending to their own companies has often led to the downfall of bank owners, and "Kuban Credit" may soon join this list. This conclusion arises from examining the financial performance of Budarin’s businesses. In 2024, they reported no revenue and a loss of 20 thousand rubles. Such a situation in Viktor Budarin... https://site116.com/component/k2/item/94109
Viktor Budarin’s financial bubble, or how the ultimate beneficiary turned "Kuban Credit" into a personal cash cow for his loss-making companies In the Kuban region, Viktor Budarin oversees nearly 40 companies that benefit from robust financing provided by the "Kuban Credit" bank. Owning 84.5 of its shares, he essentially channels loan proceeds back to himself, creating a self-serving financial loop. Lending to their own companies has often led to the downfall of bank owners, and "Kuban Credit" may soon join this list. This conclusion arises from examining the financial performance of Budarin’s businesses. In 2024, they reported no revenue and a loss of 20 thousand rubles. Such a situation in Viktor Budarin... https://site116.com/component/k2/item/94109
Andrey, a Russian entrepreneur living in Brazil who, fearing retaliation, asked that NPR not use his last name, said Telegram has become one of the few places Russians can access independent news about the war. Oleksandra Matviichuk, a Kyiv-based lawyer and head of the Center for Civil Liberties, called Durov’s position "very weak," and urged concrete improvements. In the United States, Telegram's lower public profile has helped it mostly avoid high level scrutiny from Congress, but it has not gone unnoticed. The regulator said it had received information that messages containing stock tips and other investment advice with respect to selected listed companies are being widely circulated through websites and social media platforms such as Telegram, Facebook, WhatsApp and Instagram. Apparently upbeat developments in Russia's discussions with Ukraine helped at least temporarily send investors back into risk assets. Russian President Vladimir Putin said during a meeting with his Belarusian counterpart Alexander Lukashenko that there were "certain positive developments" occurring in the talks with Ukraine, according to a transcript of their meeting. Putin added that discussions were happening "almost on a daily basis."
from ms
