“Taking Control?” Report by RSF on Internet Censorship in Russia
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Russian M&A Review 2017
Russian M&A review 2017 March 2018 KPMG in Russia and the CIS kpmg.ru 2 Russian M&A review 2017 Contents page 3 page 6 page 10 page 13 page 28 page 29 KEY M&A 2017 OUTLOOK DRIVERS OVERVIEW IN REVIEW FOR 2018 IN 2017 METHODOLOGY APPENDICES — Oil and gas — Macro trends and medium-term — Financing – forecasts sanctions-related implications — Appetite and capacity for M&A — Debt sales market — Cross-border M&A highlights — Sector highlights © 2018 KPMG. All rights reserved. Russian M&A review 2017 3 Overview Although deal activity increased by 13% in 2017, the value of Russian M&A Deal was 12% lower than the previous activity 13% year, at USD66.9 billion, mainly due to an absence of larger deals. This was in particular reflected in the oil and gas sector, which in 2016 was characterised by three large deals with a combined value exceeding USD28 billion. The good news is that investors have adjusted to the realities of sanctions and lower oil prices, and sought opportunities brought by both the economic recovery and governmental efforts to create a new industrial strategy. 2017 saw a significant rise in the number and value of deals outside the Deal more traditional extractive industries value 37% and utility sectors, which have historically driven Russian M&A. Oil and gas sector is excluded If the oil and gas sector is excluded, then the value of deals rose by 37%, from USD35.5 billion in 2016 to USD48.5 billion in 2017. USD48.5bln USD35.5bln 2016 2017 © 2018 KPMG. -
Inside Russia's Intelligence Agencies
EUROPEAN COUNCIL ON FOREIGN BRIEF POLICY RELATIONS ecfr.eu PUTIN’S HYDRA: INSIDE RUSSIA’S INTELLIGENCE SERVICES Mark Galeotti For his birthday in 2014, Russian President Vladimir Putin was treated to an exhibition of faux Greek friezes showing SUMMARY him in the guise of Hercules. In one, he was slaying the • Russia’s intelligence agencies are engaged in an “hydra of sanctions”.1 active and aggressive campaign in support of the Kremlin’s wider geopolitical agenda. The image of the hydra – a voracious and vicious multi- headed beast, guided by a single mind, and which grows • As well as espionage, Moscow’s “special services” new heads as soon as one is lopped off – crops up frequently conduct active measures aimed at subverting in discussions of Russia’s intelligence and security services. and destabilising European governments, Murdered dissident Alexander Litvinenko and his co-author operations in support of Russian economic Yuri Felshtinsky wrote of the way “the old KGB, like some interests, and attacks on political enemies. multi-headed hydra, split into four new structures” after 1991.2 More recently, a British counterintelligence officer • Moscow has developed an array of overlapping described Russia’s Foreign Intelligence Service (SVR) as and competitive security and spy services. The a hydra because of the way that, for every plot foiled or aim is to encourage risk-taking and multiple operative expelled, more quickly appear. sources, but it also leads to turf wars and a tendency to play to Kremlin prejudices. The West finds itself in a new “hot peace” in which many consider Russia not just as an irritant or challenge, but • While much useful intelligence is collected, as an outright threat. -
Painful Past, Fragile Future the Delicate Balance in the Western Balkans Jergović, Goldsworthy, Vučković, Reka, Sadiku Kolozova, Szczerek and Others
No 2(VII)/2013 Price 19 PLN (w tym 5% VAT) 10 EUR 12 USD 7 GBP ISSN: 2083-7372 quarterly April-June www.neweasterneurope.eu Painful Past, Fragile Future The delicate balance in the Western Balkans Jergović, Goldsworthy, Vučković, Reka, Sadiku Kolozova, Szczerek and others. Strange Bedfellows: A Question Ukraine’s oligarchs and the EU of Solidarity Paweï Kowal Zygmunt Bauman Books & Reviews: Tadeusz Mazowiecki, Mykola Riabchuk, Robert D. Kaplan and Jan Švankmajer Seversk: A New Direction A Siberian for Transnistria? Oasis Kamil Caïus Marcin Kalita Piotr Oleksy Azerbaijan ISSN 2083-7372 A Cause to Live For www.neweasterneurope.eu / 13 2(VII) Emin Milli Arzu Geybullayeva Nominated for the 2012 European Press Prize Dear Reader, In 1995, upon the declaration of the Dayton Peace Accords, which put an end to one of the bloodiest conflicts in the former Yugoslavia, the Bosnian War, US President, Bill Clinton, announced that leaders of the region had chosen “to give their children and their grandchildren the chance to lead a normal life”. Today, after nearly 20 years, the wars are over, in most areas peace has set in, and stability has been achieved. And yet, in our interview with Blerim Reka, he echoes Clinton’s words saying: “It is the duty of our generation to tell our grandchildren the successful story of the Balkans, different from the bloody Balkans one which we were told about.” This and many more observations made by the authors of this issue of New Eastern Europe piece together a complex picture of a region marred by a painful past and facing a hopeful, yet fragile future. -
The Siloviki in Russian Politics
The Siloviki in Russian Politics Andrei Soldatov and Michael Rochlitz Who holds power and makes political decisions in contemporary Russia? A brief survey of available literature in any well-stocked bookshop in the US or Europe will quickly lead one to the answer: Putin and the “siloviki” (see e.g. LeVine 2009; Soldatov and Borogan 2010; Harding 2011; Felshtinsky and Pribylovsky 2012; Lucas 2012, 2014 or Dawisha 2014). Sila in Russian means force, and the siloviki are the members of Russia’s so called “force ministries”—those state agencies that are authorized to use violence to respond to threats to national security. These armed agents are often portrayed—by journalists and scholars alike—as Russia’s true rulers. A conventional wisdom has emerged about their rise to dominance, which goes roughly as follows. After taking office in 2000, Putin reconsolidated the security services and then gradually placed his former associates from the KGB and FSB in key positions across the country (Petrov 2002; Kryshtanovskaya and White 2003, 2009). Over the years, this group managed to disable almost all competing sources of power and control. United by a common identity, a shared worldview, and a deep personal loyalty to Putin, the siloviki constitute a cohesive corporation, which has entrenched itself at the heart of Russian politics. Accountable to no one but the president himself, they are the driving force behind increasingly authoritarian policies at home (Illarionov 2009; Roxburgh 2013; Kasparov 2015), an aggressive foreign policy (Lucas 2014), and high levels of state predation and corruption (Dawisha 2014). While this interpretation contains elements of truth, we argue that it provides only a partial and sometimes misleading and exaggerated picture of the siloviki’s actual role. -
Social Media and Civil Society in the Russian Protests, December 2011
Department of Informatics and Media Social Science – major in Media and Communication Studies Fall 2013 Master Two Years Thesis Social Media and Civil Society in the Russian Protests, December 2011 The role of social media in engagement of people in the protests and their self- identification with civil society Daria Dmitrieva Fall 2013 Supervisor: Dr. Gregory Simons Researcher at Uppsala Centre for Russian and Eurasian Studies 1 2 ABSTRACT The study examines the phenomenon of the December protests in Russia when thousands of citizens were involved in the protest movement after the frauds during the Parliamentary elections. There was a popular opinion in the Internet media that at that moment Russia experienced establishment of civil society, since so many people were ready to express their discontent publically for the first time in 20 years. The focus of this study is made on the analysis of the roles that social media played in the protest movement. As it could be observed at the first glance, recruiting and mobilising individuals to participation in the rallies were mainly conducted via social media. The research analyses the concept of civil society and its relevance to the protest rhetoric and investigates, whether there was a phenomenon of civil society indeed and how it was connected to individuals‘ motivation for joining the protest. The concept of civil society is discussed through the social capital, social and political trust, e- democracy and mediatisation frameworks. The study provides a comprehensive description of the events, based on mainstream and new media sources, in order to depict the nature and the development of the movement. -
Russia 2012-2013: Attack on Freedom / 3 Introduction
RUSSIA 2012-2013 : Attack on Freedom Article 1: All human beings are born free and equal in dignity and rights. They are endowed with reason and conscience and should act towards one another in a spirit of brotherhood. Article 2: Everyone is entitled to all the rights and freedoms set forth in this Declaration, without distinction of any kind, such as race, colour, sex, language, religion, political or other opinion, national or social origin, property, birth or other status. Furthermore, no distinction shall be made on the basis of the political, jurisdictional or international status of the country or territory to which a person belongs, whether it be independent, trust, non-self-governing or under any other limitation of sovereignty. Article 3: Everyone has the right to life, liberty and security of person. Article 4: No one shall be held in slavery or servitude; slavery and the slave trade shall be prohibited in all their forms. Article 5: No one shall be subjected to torture or to cruel, February 2014 / N°625a Cover photo: Demonstration in front of the State Duma (Russian Parliament) in Moscow on 18 July 2013, after the conviction of Alexei Navalny. © AFP PHOTO / Ivan Novikov 2 / Titre du rapport – FIDH Introduction -------------------------------------------------------------------------------------------- 4 1. Authoritarian Methods to Suppress Rights and Freedoms -------------------------------- 6 2. Repressive Laws ------------------------------------------------------------------------------------ 8 2.1. Restrictions on Freedom -
Yandex – Russia's Leading Internet Portal and Search Engine
Yandex – Russia’s leading internet portal and search engine Overview Yandex is a leading Internet portal and search engine in Russia with over 6 mil- lion unique visitors per day. The company is focused on the Russian-speaking Yandex offices audience. Its in-depth local knowledge of Russia gives it a clear competitive in Russia and Ukraine. edge in the Russian Internet market. Russia is expected to become one of the largest Internet markets in the world, and Yandex is well positioned to take advantage of future growth. Given the fact that Russia only represents half of the prospective Russian- speaking audience worldwide, Yandex is already actively targeting other re- gions where Russian is a prominent language, including Ukraine and the rest of the CIS. The company offers many services specialized for Russian-speaking audienc- es, including its technologically advanced search engine. Yandex.ru features parallel search which displays results in a variety of data including images, news, maps, local addresses, blogs, merchandise, etc. all on one page. Some of Yandex’s specialized services include blog hosting, e-mail and photo hosting (with free unlimited space), news feeds, a proprietary spam protection sys- tem (Spamooborona), free Web hosting (Narod), maps (including live traffic maps and satellite images of Moscow and several other Russian and Ukrain- ian cities), encyclopedias, dictionaries, comparison shopping system (Yandex. Market), online payment system (Yandex.Money), social networking web site (MoiKrug.ru), free hot spot network Yandex.WiFi and many more. Yandex does a lot to promote the Internet in Russia and in the rest of the CIS. -
RUSSIA INTELLIGENCE Politics & Government
N°66 - November 22 2007 Published every two weeks / International Edition CONTENTS KREMLIN P. 1-4 Politics & Government c KREMLIN The highly-orchestrated launching into orbit cThe highly-orchestrated launching into orbit of of the «national leader» the «national leader» Only a few days away from the legislative elections, the political climate in Russia grew particu- STORCHAK AFFAIR larly heavy with the announcement of the arrest of the assistant to the Finance minister Alexey Ku- c Kudrin in the line of fire of drin (read page 2). Sergey Storchak is accused of attempting to divert several dozen million dol- the Patrushev-Sechin clan lars in connection with the settlement of the Algerian debt to Russia. The clan wars in the close DUMA guard of Vladimir Putin which confront the Igor Sechin/Nikolay Patrushev duo against a compet- cUnited Russia, electoral ing «Petersburg» group based around Viktor Cherkesov, overflows the limits of the «power struc- home for Russia’s big ture» where it was contained up until now to affect the entire Russian political power complex. business WAR OF THE SERVICES The electoral campaign itself is unfolding without too much tension, involving men, parties, fac- cThe KGB old guard appeals for calm tions that support President Putin. They are no longer legislative elections but a sort of plebicite campaign, to which the Russian president lends himself without excessive good humour. The objec- PROFILE cValentina Matvienko, the tive is not even to know if the presidential party United Russia will be victorious, but if the final score “czarina” of Saint Petersburg passes the 60% threshhold. -
Russian Law Enforcement and Internal Security Agencies
September 14, 2020 Russian Law Enforcement and Internal Security Agencies Russia has an extensive internal security system, with Competition frequently leads to arrests and prosecutions, multiple, overlapping, and competitive security agencies often for real or imagined corruption allegations to undercut vying for bureaucratic, political, and economic influence. targeted organizations and senior leadership both Since Vladimir Putin assumed Russia’s leadership, these institutionally and politically. agencies have grown in both size and power, and they have become integral to the security and stability of the Russian Law Enforcement and Internal government. If Putin extends his rule beyond 2024, as is Security Agencies and Heads now legally permissible, these agencies could play a role in (as of September 2020) the leadership succession process and affect the ability of a transitional regime to quell domestic dissent. For Members Ministry of Interior (MVD): Vladimir Kolokoltsev of Congress, understanding the numerous internal security National Guard (Rosgvardiya, FSVNG): Viktor Zolotov agencies in Russia could be helpful in assessing the x Special Purpose Mobile Units (OMON) prospects of regime stability and dynamics of a transition x Special Rapid Response Detachment (SOBR) after Putin leaves office. In addition, Russian security agencies and their personnel have been targeted by U.S. x Interior Troops (VV) sanctions for cyberattacks and human rights abuses. x Kadyrovtsy Overview and Context Federal Security Service (FSB): Alexander Bortnikov -
Putin's Trick in Donbass
MONTHLY January 2018 CONTENTS 6 16 24 NEW YEAR, RUSSIANS BOTHER MOSCOW PLAYS SAME WAR U.S. ALLIES THE OSSETIAN CARD RUSSIA’S INVESTIGATIVE BLACK CLOUDS COMMITEE FACES 3 OVER BASTRYKIN 15 IMMINENT REVOLUTION PURGES RUSSIANS BOTHER 5 IN LUHANSK 16 U.S. ALLIES NEW YEAR, FSB “CLEANS UP” AFTER 6 SAME WAR 18 THE FAILED OPERATION PUTIN’S TRICK WHY MOSCOW LEFT KURDS. 8 IN DONBASS 19 FIVE REASONS HOW RUSSIA AVOIDS ANOTHER “LIBERAL” 10 SANCTIONS. EPISODE 2 21 IS GOING TO JAIL ROSGVARDIYA’S RUSSIA STRENGTHENS ITS 11 IRON FIST 22 FORCES ON THE BATIC SEA NO CHANCES OF RUSSIAN MOSCOW PLAYS 13 MILITARY BASE IN SUDAN 24 THE OSSETIAN CARD www.warsawinstitute.org 2 © KREMLIN.RU 3 January 2018 BLACK CLOUDS OVER BASTRYKIN In the last days of December, officers of the Investigative Directorate of the FSB detained another important person in the case against Zakhar Kalashov aka Shakro Molodoy. As a result, a former colonel of the Investigative Committee was charged with corruption. His detention occurred one and a half years after other high-ranking officers had been arrested. Such a state of affairs may mean the beginning of massive personal purges within the Investigative Committee and further weakening of the position, and perhaps even resignation, of the influential head of the service, Alexander Bastrykin. ntil July 2016, Colonel Alexey Committee. In addition, the investigation on UKramarenko had been the Head of bribes from Shakro Molodoy was initiated the Main Investigation Directorate of the by the FSB and not by the Investigative Investigative Committee (ICR) of Russia in Committee. -
Regional Elections in Russia: the Kremlin Is Tackling Previous Challenges While Facing New Ones
SEPTEMBER 2019 10 Jussi Lassila, Senior Research Fellow, Finnish Institute of Intenational Affairs REGIONAL ELECTIONS IN RUSSIA THE KREMLIN IS TACKLING PREVIOUS CHALLENGES WHILE FACING NEW ONES The Kremlin is trying to learn lessons from old problems regarding its electoral authoritarian system, but new ones are constantly emerging. At the heart of these is the Kremlin’s party system. This year, Russia’s regional elec- regime’s candidates, as well as of which provides a clear indication tions were a follow-up to the ones those candidates who receive protest of the spirit in which the Kremlin held in 2018. In 2018, the principal votes. The reputation of the main foisted its favourites into power. focus was on the re-election of Mos- opposition parties in the Duma, the In St. Petersburg, President Pu- cow Mayor Sergey Sobyanin, which Russian Liberal Democratic Party tin’s trusted Alexander Beglov, the played out according to the Krem- and the Communist Party, as genu- highly unpopular governor, proved lin’s script. By contrast, candidates ine political alternatives is also weak. to be a headache for the Kremlin from the Kremlin’s ruling party, However, in the regional elections, it until election day. In polls, Beglov’s United Russia, lost as many as four was the Communist Party’s “too op- strongest contender, the Commu- gubernatorial elections. Primorsky positional” candidates in particular, nist Party’s 73-year-old Vladimir Krai in Russia’s Far East witnessed and candidates who might gather Bortko, stood a good chance of tak- the biggest scandal when Commu- protest votes that appeared to pose ing the race to the second round, nist Party of the Russian Federation a risk to the regime. -
'Krym Nash': an Analysis of Modern Russian Deception Warfare
‘Krym Nash’: An Analysis of Modern Russian Deception Warfare ‘De Krim is van ons’ Een analyse van hedendaagse Russische wijze van oorlogvoeren – inmenging door misleiding (met een samenvatting in het Nederlands) Proefschrift ter verkrijging van de graad van doctor aan de Universiteit Utrecht op gezag van de rector magnificus, prof. dr. H.R.B.M. Kummeling, ingevolge het besluit van het college voor promoties in het openbaar te verdedigen op woensdag 16 december 2020 des middags te 12.45 uur door Albert Johan Hendrik Bouwmeester geboren op 25 mei 1962 te Enschede Promotoren: Prof. dr. B.G.J. de Graaff Prof. dr. P.A.L. Ducheine Dit proefschrift werd mede mogelijk gemaakt met financiële steun van het ministerie van Defensie. ii Table of contents Table of contents .................................................................................................. iii List of abbreviations ............................................................................................ vii Abbreviations and Acronyms ........................................................................................................................... vii Country codes .................................................................................................................................................... ix American State Codes ....................................................................................................................................... ix List of figures ......................................................................................................