Economics
Russia Investors Find No Company Is Safe in Sechin's Crosshairs
- Rosneft lawsuit seen as latest blow to investment climate
- Putin had publicly endorsed Sistema share price in 2014
The travelling block hangs beside drill pipes on the derrick of a drill rig during oil drilling operations by Targin JSC, a unit of Sistema PJSFC, in an oilfield operated by Bashneft PAO near Ufa, Russia, on Thursday, Sept. 29, 2016. Bashneft distributes petroleum products and petrochemicals around the world and in Russia via filling stations.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
If a Russian company’s share price gets an endorsement from President Vladimir Putin, investors might be forgiven for thinking it’s a safe bet.
Not when Rosneft PJSC Chief Executive Igor Sechin has it in his crosshairs.