Popular News From Popular Sites: Ukraine oligarch put on the spot as rebels nibble at his empire

Friday, October 24, 2014

Ukraine oligarch put on the spot as rebels nibble at his empire

By Gabriela Baczynska DONETSK Ukraine (Reuters) - The clanging of repairs to tanks and heavy armoured vehicles rings out from a factory in eastern Ukraine that is owned by the country's richest man but was taken over by pro-Russian rebels. Rinat Akhmetov's Corum company says it has nothing to do with the current work at the factory, where captured army vehicles are re-marked and men fix tank tracks, clean cannons and apply extra layers of armour. With a parliamentary election taking place in Ukraine on Sunday and parts of his business empire threatened as the rebels toy with the idea of nationalisation, it is a delicate balancing act. When the separatists first occupied public buildings in Donetsk, the 48-year-old businessman, whose fortune from metals, energy, banks and communications has a net worth put by the Forbes magazine at $11.7 billion, remained silent. Read More http://ift.tt/1rthVuc

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