Russia’s oligarchs are no strangers to misfortune, asset grabs, forced investments and financial crises.
Many of them may publicly shrug off a 40 percent plunge in the rouble and the difficulties caused by a sanctions-hit economy heading for recession.
And at least on paper, there are some winners, with metal producers benefiting from rising prices in export markets.
But look closer and just about every Russian company is feeling the pinch, and perhaps the only success stories are those who sold in time — or who just got lucky.
Even those close to President Vladimir Putin are not shielded from plunging oil prices and …read more
Source: Newsweek
