Kurs Media

Conflicts, money, power

What happened, what it costs and who benefits — Russian business and power, explained.

Conflicts

Banks v. telecom operators

Court
No court case yet; the dispute is before the Ministry of Digital Development and the Bank of Russia
At stake
Up to 20 bn rubles a year in call-labelling fees (Strategy Partners estimate); a market of 25.5 million MVNO SIM cards
Status
Call-labelling dispute unresolved; ministry drafting MVNO rules, details "still being worked out"

Russia's four big mobile operators and its largest banks are locked in a dispute over money. First came fees for labelling banks' calls; now the Digital Development Ministry is drafting restrictions on virtual operators, many of them bank-owned. The parties, the numbers and what comes next.

FTC and 20 states v. Dollar General

Court
U.S. District Court for the Middle District of Tennessee
At stake
"Millions of dollars" in alleged overcharges; remedies sought not yet disclosed
Status
Complaint filed 26 October 2026; pending

The Federal Trade Commission and 20 states have sued Dollar General, alleging that the 21,000-store discount chain charged shoppers more at the register than its shelf prices for years. The company has paid six states $6 million over similar claims since 2019.

Rusal v. Rio Tinto

Court
Arbitration Court of the Kaliningrad Region; Arbitration Court of the North-Western District (cassation)
At stake
$1.278 billion and a 66% stake in Oyu Tolgoi LLC
Status
Upheld on appeal; Rio Tinto has filed a cassation appeal

A Russian court has ordered Rio Tinto to pay Rusal $1.278 billion over its exclusion from an Australian alumina refinery and has levied execution on Rio's 66% stake in the operator of Mongolia's Oyu Tolgoi copper mine. The parties' positions and what comes next.

Rusnano v. Anatoly Chubais

Court
Moscow Arbitration Court; Ninth Arbitration Court of Appeal; Arbitration Court of the Moscow District (cassation)
Case No.
А40-76398/2025 (Plastic Logic); А40-342036/2025 (Crocus)
At stake
~17.7 bn rubles in damages plus ~2.1 bn rubles enforcement fee (about $240 million in total)
Status
Plastic Logic ruling (~5.5 bn rubles) is final after appeal and cassation; Crocus claim partly granted in July 2026. Bailiffs are enforcing.

Russia's Federal Bailiff Service has opened 14 enforcement proceedings against former Rusnano chief Anatoly Chubais worth nearly 20 billion rubles (about $240 million). They stem from Moscow Arbitration Court rulings on losses from the Plastic Logic and Crocus projects.

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