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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...
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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...
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Such instructions could actually endanger people — citizens receive air strike warnings via smartphone alerts. The original Telegram channel has expanded into a web of accounts for different locations, including specific pages made for individual Russian cities. There's also an English-language website, which states it is owned by the people who run the Telegram channels. To that end, when files are actively downloading, a new icon now appears in the Search bar that users can tap to view and manage downloads, pause and resume all downloads or just individual items, and select one to increase its priority or view it in a chat. "He has to start being more proactive and to find a real solution to this situation, not stay in standby without interfering. It's a very irresponsible position from the owner of Telegram," she said. He said that since his platform does not have the capacity to check all channels, it may restrict some in Russia and Ukraine "for the duration of the conflict," but then reversed course hours later after many users complained that Telegram was an important source of information.
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