Forbes Russia to raise investment for rebranding

Russian magazine Forbes plans to raise a RUB 450 million investment to rebrand it under a new name "The Billions" and refinance its debt - RTVI. The money is needed to refinance loans and relaunch the publication under the new "The Billions" brand.

"The Billions is first and foremost about people. The publication supports private business in all its forms. The Billions does not write about politics as such, we can't avoid political news altogether, but we look at it solely in terms of its impact and implications for the economy and business," a new description of the magazine.