In another act of "business, Russiya-style, the government forced Sergei Pugachev to sell his two shipbuilding firms to United Shipbuilding, headed by Igor Sechin, one of Mad Vlad's closest associates and head of Rosneft, the Russiyan state oil company. The price was at about 1/4 of its estimated worth according to the accounting firm BDO.
Mr. Pugachev told the Financial Times that the rule of law has been suspended in Russya, pending Putin's next popularity poll. He also complained that businessmen have become "serfs" in his country. These actions come after another businessman, Vladimer Yevtushenkov, head of conglomerate SISTEMA, was placed under house arrest, accused of money laundering. Ha. He was also head of Bashneft, Russya's 6th largest oil company. After a court hearing, his shares in the company were taken over by the government.
Lovely doing business in Siberia, etc.
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