An investment gets trapped in Kremlin’s vise
Very scary article on Russia. As resource prices go up, expect more and more to be taken back by the locals. Russia is ahead of the curve, but just you all wait, others will catch up. At least this guy is out and is not spending his time in Russian jails. I am, of course, not sure who is right, but this on top of BP’s troubles, points to a clear case of nationalization. Heck, you all know what comes next.
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I love the low-key reference to Safra:
“His company, Hermitage Capital, was first bankrolled by Edmond J. Safra, the billionaire founder of Republic National Bank in New York. Mr. Browder said Mr. Safra, who died in 1999, taught him not to shy away from kicking up a scandal to protect his interests.”
Wasn’t Safra assassinated?