Russian Steel Oligarch and Putin Ally Is Secretly Profiting from Trump's Pipelines: [alternativemediasyndicate.com] After helping launch Putin’s presidency in Russia, Abramovich also was instrumental in the vetting and picking of Putin’s cabinet, according to Midgley and Hutchins in their book. They also reveal that Abramovich was instrumental in the creation of Putin’s political party, Unity.
Abramovich bought a 41 percent stake in the steel producer Evraz in 2006. Prior to that, he owned a 72 percent stake in the Russian state-owned oil company Sibneft, which was eventually purchased for $13 billion by the state-owned company Gazprom and became known as Gazprom Neft.
Before this, however, Sibneft merged in 2003 with the company Yukos, then owned by Russian oligarch Mikhail Khodorkovsky, in an attempt to create what was envisioned as a competitor to the likes of ExxonMobil. Had it materialized, the resulting company, called Yukos-Sibneft, would have been at that point the fourth largest oil producer in the world.
Under pressure from Putin, however, and with what was reported as the helping hand of Abramovich, the deal was called off, and Khodorkovsky ended up arrested and then jailed for eight years for alleged tax evasion and fraud. Abramovich’s personal wealth doubled as a result of the later Sibneft-Gazprom merger.
The Telegraph (UK) reported that Abramovich met with Putin before the Yukos-Sibneft deal was tossed to the curb.
“The revelation of the meeting will fuel suggestions that the Kremlin is closely involved with the fate of the two companies,” The Telegraph wrote at the time. “Many industry commentators saw [the] decision to halt the merger as a government-backed effort to further weaken Mikhail Khodorkovsky, the former chief executive of Yukos and its largest shareholder.”
Links to this posting:
Contributing Editors, International Correspondents & Affiliates
- (RIP) John John [Occupied Canada]
- Sina Brown-Davis [Occupied Australia]
- (RIP) Ridwan Laher [Rep. of South Africa]
- Mars2Earth [Occupied Aotearoa]
- Bolivia Rising [Bolivia]
- Simon Moya-Smith [Occupied N. America]
- Zashnain Zainal [Malaysia]
- Rodrigo Sanchez-Chavarria [Peru/Occupied N. America]
- Debbie Reese [Occupied N. America]
- Gerald and Maas Night\u2019s Lantern [Occupied Canada]
- Min Reyes [Occupied Canada]
- @alyssa011968 [Occupied N. America]
- Martyn Namorong [Papua New Guinea]
- Abiyomi Kofi [Occupied N. America]
- Tiokasin Ghosthorse [Occupied N. America]
- Vagabond Beaumont [Occupied Puerto Rico/N. America]
- Lupe Morales [Occupied N. America/Oaxaca,MX]
- Aztatl Garza [Occupied N. America]
This is an Ad-Free Newswire
Southern Poverty Law Center
This site uses the Blogspot Platform
Inteligenta Indigena Novajoservo™ (IIN) is maintained by the Aboriginal Press News Service™ (APNS) a subset of the Aboriginal News Group™ (ANG). All material provided here is for informational purposes only, including all original editorials, news items and related post images, is published under a CC: Attribution-Noncommercial 3.0 license (unless otherwise stated) and/or 'Fair Use', via section 107 of the US Copyright Law). This publication is autonomous; stateless and non-partisan. We refuse to accept paid advertising, swag, or monetary donations and assume no liability for the content and/or hyperlinked data of any other referenced website. The APNS-ANG and its affiliate orgs do not advocate, encourage or condone any type/form of illegal and/or violent behaviour.