Russian investigators brought fresh charges against jailed opposition leader Alexei Navalny on August 11 that could add three years to the two and half year term he is already serving.
Observers have widely expected more charges to be brought against Navalny, as his current sentence would expire shortly before the next 2024 presidential election.
Russia’s Investigative Committee, which answers to Russian President Vladimir Putin, charged Navalny with the additional crime of "creating a non-profit organization that infringes on the identities and rights of citizens," the Moscow Times reports.
It said Navalny's FBK anti-corruption foundation — branded as extremist earlier this summer — "encouraged citizens to commit illegal acts."
Investigators also said Navalny had called on Russians to take part in unsanctioned rallies while "aware" of their "unlawful nature."
If found guilty, Navalny could face an extra three years in prison and could only be released after 2024, the year Russia is scheduled to hold a presidential election.
The new charges came a day after investigators launched a new criminal case against Navalny's key allies Leonid Volkov and Ivan Zhdanov over raising funds for an "extremist" organization.
Both Volkov and Zhdanov have left Russia, under pressure from authorities. The charges against them carry a maximum penalty of eight years in jail.
Austria's Raiffeisen Bank International (RBI) increased its pre-tax profit in Russia in 1Q25 by over 25% year on year to €575mn ($651mn) due to the stronger ruble, Reuters reports. In ... more
The board of Russia’s second-largest bank state controlled VTB recommended paying out RUB275.8bn ($2.97bn) in total dividends for 2024, according to Interfax corporate disclosure portal. As ... more
Russia’s largest bank Sberbank (Sber) increased its profit by 10% year on year to record-high RUB436bn ($4.7bn) in 1Q25, making a return on equity of 22%, according to the bank’s announcement. ... ... more