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Friday, 5 May 2017

Russia Investors Find No Company Is Safe in Sechin's Crosshairs - Bloomberg

Russia Investors Find No Company Is Safe in Sechin's Crosshairs - Bloomberg:

"If a Russian company’s share price gets an endorsement from President Vladimir Putin, investors might be forgiven for thinking it’s a safe bet.

Not when Rosneft PJSC Chief Executive Igor Sechin has it in his crosshairs.

When Putin publicly proclaimed in late 2014 that he hoped the share price of Sistema PJSC would “restore its position on the market and get beyond this,” the market took it as a sign that the troubles of its embattled billionaire owner, Vladimir Evtushenkov, were behind him. Sistema shares more than doubled over the next six months."



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