Tag Archives: norilsk

Latynina on Putin’s Sham Economy

Hero journalist Yulia Latynina, writing in the Moscow Times:

Two stories came out in the media at the same time in late March. The first reported that First Deputy Prime Minister Igor Sechin had initiated a review of Norilsk Nickel deals. Simultaneously, Vneshekonombank, VTB and the Audit Chamber started paying close attention to the company as well.

In a surprising coincidence, the State Council of China met in Beijing the next day to appoint Syao Yatsin, the former head of the Aluminum Corporation of China, as assistant secretary of the council. Yatsin’s task in his new post will be to manage the acquisition of shares in foreign raw materials firms for the benefit of China’s state-owned companies.

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