Posts Tagged ‘shuvalov’
Fallen investor spoils Russia show for investors
A former big investor in Russia, who accuses the government of stealing his firms and killing his lawyer, spoiled on Thursday a Russian show in Davos meant to woo investors.
Bill Browder, who had around $4 billion invested in Russia through his Hermitage fund, says he had to flee Russia after accusing officials of corruption and saw some of his firms being stolen from him by Interior Ministry officials. One of his lawyers, Sergei Magnitsky, died in jail last year from what Browder says was torture.
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New ski resorts — in Russia’s restive Caucasus
The timing couldn’t have been worse. Russia’s government unveils a plan to build five ski resorts in the majestic, largely uncharted slopes of the Northern Caucasus. And asks executives at the World Economic Forum to join in the $15 billion investment.
The problem: The Wednesday night presentation came two days after a bomb blast pummeled the international arrivals terminal of Moscow’s largest airport, killing 35. Suspicions immediately fell on extremists from the Northern Caucasus — including Chechnya, which fought two wars with Moscow over the last 16 years, and the neighboring Russian republic of Dagestan, future home to one of the new resorts.
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