[lbo-talk] Kremlin holds key as crisis threatens oligarchs

uvj at vsnl.com uvj at vsnl.com
Mon Oct 13 16:12:06 PDT 2008


Kremlin holds key as crisis threatens oligarchs http://www.reuters.com/article/GCA-Russia/idUSTRE49C2J120081013?sp=true

Mon Oct 13, 2008

By Guy Faulconbridge

MOSCOW (Reuters) - The global financial crisis is set to force a huge redistribution of wealth in Russia, with some oligarchs losing heavily, others profiting and the state helping decide who survives.

Bankers and investors say oligarchs who borrowed heavily in good times to expand their business empires are particularly exposed as the stock market value of their companies plunges. http://www.reuters.com/article/GCA-Russia/idUSTRE49C2J120081013?sp=true



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