Meet the Russian Billionaire Who's Buying Up His Country's Banks

Updated on
  • Russian recession claims dozens of small lenders this year
  • Private banks benefitting from sanctions over Ukraine

Mikhail Gutseriev, chairman of RussNeft OAO, speaks to an attendee between sessions at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia, on June 19, 2015.

Photographer: Chris Ratcliffe/Bloomberg

Russia’s economic crisis has put dozens of banks out of business this year and is threatening many more. But for others, it is turning into a bonanza.

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