Friday, 19 December 2014

Putin Offers Olive Branch to Business With Billionaire Freed - Bloomberg

Putin Offers Olive Branch to Business With Billionaire Freed - Bloomberg:



"Russian President Vladimir Putin has made a conciliatory move toward business, publicly inviting AFK Sistema (AFKS) Chairman Vladimir Evtushenkov to a meeting tomorrow after the billionaire was freed from house arrest.



Putin is sending a message that the state won’t target business owners as the economy threatens to collapse, according to Alexander Shokhin, head of the Russian Union of Industrialists & Entrepreneurs lobby.



The move echoes Putin’s surprise pardon of former Yukos Oil Co. owner Mikhail Khodorkovsky at his annual news conference last year, as he prepared to host the Winter Olympics in Sochi. Russia has experienced the worst ruble rout since a 1998 devaluation and faces a recession next year after the price of oil, its main export, fell more than 45 percent since June."



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