Rusnano chief Anatoly Chubais earned 207 million rubles ($6 million) in 2013 — 4.6 percent less than in 2012, when he made almost 218 million rubles ($6.4 million), according to a declaration of income published on Rosnano's website Monday.
Chubais, the architect of Russia's helter-skelter privatization drive in the 1990s, owns a 175.8 square meter apartment, drives a BMW X5 and has a Yamaha snowmobile, the declaration said.
Rusnano was set up in 2011 to facilitate state stimulation of nanotechnology and other high technology industry in Russia by investing in production. Earlier this month, the company reported losses in 2013 of 39.9 billion rubles ($1.1 billion) in 2013, mostly due to huge mark-downs on the value of its portfolio of investments, which have a nominal value of 132 billion rubles ($3.85 billion).
According to the declaration, Chubais donated 7.3 million rubles ($214,000) from his own pocket to charity in 2013. His wife earned 5.2 million rubles ($150,000) last year.
Read more:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.