Mar 6 • 14:19 UTC 🇱🇹 Lithuania 15min

Alina Kabaeva's Father – Source of "Black Gold"

A deal involving the acquisition of shares related to major oil project "Vostok Oil" was made by Alina Kabaeva’s father on March 4, highlighting tensions around investment in Russia's natural resources.

The article details a recent transaction in which Alina Kabaeva's father purchased a package of shares from Elvyra Chazjeva, a significant participant in the company, for 250,000 rubles. This deal is associated with Taimyr Invest, a company that is actively involved in a massive oil development project by Rosneft called Vostok Oil, which is expected to yield vast amounts of oil and gas, garnering interest from both investors and the Russian government.

Taimyr Invest is engaged in various operations such as cargo delivery, warehousing, and loading and unloading at ports, which suggests the company's essential role in the logistics and support for the ambitious Vostok Oil project. The Russian government has placed a high valuation on the investments tied to this project, amounting to nearly 12 trillion rubles, indicating a strong government interest and support for expanding the oil and gas sector in the region.

The growth of such projects in Russia underlines the country's strategic focus on tapping into its natural resources and maintaining its position as a global energy leader. However, this also raises questions around social implications and the environmental impact of extensive oil extraction initiatives, which organizations like Kabaeva’s International Islamic Business Association claim they wish to address through socially oriented business models.

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