Open Season On Russia's Oligarchs

Is Putin behind the drive to rein in the business elite?

Russian financier Vladimir O. Potanin is reeling. On June 20, a Moscow prosecutor filed a lawsuit charging that the 1997 privatization of his giant metals company, Norilsk Nickel, was illegal. The company's shares promptly plunged 10% on the Russian stock market. Unhappy news for Potanin and Norilsk investors--but few others are weeping.

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