Putin Rules Out Asset Grab After Billionaire’s Arrest
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Russian President Vladimir Putin sought to assuage investors concerned about potential limits on capital flow and the growing role of the state in a sanction-hit economy that’s teetering on the brink of recession.
Putin pledged at an investment forum in Moscow today that there wouldn’t be a “mass review” of state asset sales, while saying he won’t intervene in individual cases. He was answering a question about a lawsuit to return regional oil producer OAO Bashneft to state ownership that has led to the arrest of its billionaire owner.