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Russia’s Gas Giant Pours Money Into Patriotic Theme Parks

  • Gazprom boosts annual charity budget to a record $438 million
  • One winner is chain of patriotic theme parks backed by Kremlin
Salym Petroleum Development's Siberian Oil Fields

Photographer: Andrey Rudakov/Bloomberg

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In Vladimir Putin’s economic pecking order, investors in state-run Russian companies often come after church, country and even sports.

The board of gas giant Gazprom PJSC approved raising this year’s target for charitable donations 60 percent to a record 26.3 billion rubles ($438 million), bucking calls by minority shareholders to rein in costs, according to an internal document seen by Bloomberg. A company official, who asked not to be identified because the information isn’t public, confirmed the figure.