On September 16th 2014 Vladimir Yevtushenkov, the president and principal shareholder of AFK Sistema, was accused of money-laundering and placed under house arrest by a Moscow court. It is unlikely that the arrest is part of a co-ordinated strategy to revise the relationship between the state and business. Rather, the affair marks an opportunistic attack by a faction within the elite seeking to take control of AFK Sistema’s assets. The arrest has shaken confidence in Russia’s business community, which had assumed that loyalty to the Kremlin would protect it from the depredations of law enforcement. The arrest is a …read more
Source: Business Insider
