Popular News From Popular Sites: Russia moves to take control of oil firm from billionaire

Friday, September 26, 2014

Russia moves to take control of oil firm from billionaire

Logo of Sistema JSFC is seen on its headquarters building in Moscow By Maria Kiselyova MOSCOW (Reuters) - Russia moved to wrest control of an oil company from oligarch Vladimir Yevtushenkov on Friday, seizing his conglomerate Sistema's shares in the firm and deepening investors' fears the Kremlin wants to reclaim prized state assets. A Moscow court ordered the seizure of Sistema's stake in Bashneft a day after a judge refused to release Yevtushenkov, who is under house arrest on suspicion of money laundering during the oil firm's acquisition. ...




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