Ukraine: An oligarch brought to heel - FT.com:
"As Moscow annexed Crimea a year ago and pro-Russian separatists started seizing control of town halls across eastern Ukraine, Kiev came up with the novel idea of appointing Ukraine’s richest men as regional governors, in a bid to stop the unrest spreading to the heart of the country. Igor Kolomoisky was the first to sign up.
It was, the billionaire said, a way for the oligarchs “to atone for their guilt before the people by serving the state”.
The policy bore fruit. As governor of Dnipropetrovsk region, Mr Kolomoisky held the line against the Moscow-backed insurgents who now rule large swaths of the east. His financial support for volunteer battalions was critical in blocking the rebels’ advance."
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