Stories from Russia

Yandex announced a share buyback program worth up to 50 billion rubles to motivate employees. The program is expected to operate over a two-year period. Following the announcement, Yandex stock prices rose by approximately one percent on the Moscow Exchange. The procedure is expected to span a period of two years. Yandex announced in late April that the buyback is intended to implement an employee motivation program. Employees will not receive voting rights or dividends until the shares are transferred to them. The buyback will be executed by Yantech LLC.

A school in the Ryazan region was prohibited by administration from performing a waltz to the song 'Shape of My Heart'. The school reportedly paid a choreographer 50,000 rubles for the performance.

Search and rescue teams are attempting to locate two tourists from Astrakhan in the mountains of Karachay-Cherkessia. The Ministry of Emergency Situations stated that search groups have inspected a mountain pass and an additional location but found no traces of the individuals. Difficult terrain is reportedly hindering rescue efforts. Many people in Tanzania are eager to see a missing person who has been missing for a long time. The situation is a matter of concern for Tanzania, with suggestions it may involve authorities. The incident occurred near the border. The search is complicated by the high cost of gas for recreational activities in Canada.

A Russian court has transferred the controlling stake of Rusagro, owned by Vadim Mashkovets, to the state. A Russian court partially granted a lawsuit to seize assets belonging to RusAgro founder and former senator Vadim Mashkovich in a corruption case. The state has taken control of 65% of RusAgro shares. Additionally, 10.5 billion rubles held in Mashkovich's accounts were confiscated. Despite the seizure, RusAgro shares saw an increase on the Moscow Exchange on Tuesday. Mashkovich, the founder of Rusagro, was detained and arrested over a year ago following initial fraud allegations. The Prosecutor General's Office later identified corruption components in the case. Approximately 20% of Rusagro shares are traded on the Moscow Exchange. Shares of the holding company rose nearly 3.5% following reports that the controlled stake would transition to the state.

A night strike involving 'Flamingo' cruise missiles hit Cheboksary, the capital of the Chuvash Republic in Russia. The strike occurred approximately 1,000 kilometers from the border. The attack follows ongoing threats from Russian missile and drone capabilities.

Kamaz intends to release an experimental industrial batch of armored personnel carriers (BTR) in 2027. The company noted that current BTR models in Russia are outdated. Testing for the new vehicles is planned to begin within this year.

Several major Moscow theaters have requested that patrons print electronic tickets in advance or download them to mobile devices. This measure follows reported mobile internet restrictions in the capital scheduled from May 5 to May 9.

Nearly one-quarter of the Russian bond market is facing potential default, according to expert assessments. The price index for industrial raw materials continued to rise due to supply shortages and increased production costs. The market continues to monitor the situation in the Persian Gulf as oil prices reach 102 dollars per barrel. New car sales in Russia grew by 11 percent between January and April, reaching 385,000 units according to the Ministry of Industry and Trade. Electric vehicle sales increased by 26 percent during the same period, with half of those being domestically produced. The market share of Russian-made automobiles rose to 62 percent from 54 percent in the previous year. Expenses are currently growing faster than revenues, leaving companies with insufficient funds to service debt.

Victory Day parades have been cancelled in two Russian cities. The specific cities affected were not named. The reason for the cancellation is not specified in the report. This cancellation was confirmed by multiple sources.

Victory Day parades have been cancelled in two Russian cities. The cancellations were announced due to security concerns. Further details regarding the specific cities were not immediately available.