Tag Archives: Russian

Russian Oil Firm to Buy Into BP

Must be nice to be an oil oligarch.  There is nothing your eyes can behold that your wallet cannot obtain.  The latest example of such largess and profligacy:  Russian oil giant Rosneft is buying into a BP joint venture.  The deal means the state-owned company will leapfrog Exxon Mobil to become the world’s largest publicly traded producer of oil and gas.  Wasn’t too long ago, the Russians were communists, right?  Seems no one know capitalism quite like the oligarchs.

Read Nataliya Vasilyeva and Robert Barr’s Miami Herald article here: http://bit.ly/Xa1pmj

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Russian Billionaire Goes BVI

One word:  Schmaht!  Alisher Usmanov, Russia’s richest person, moved control of most of his $20 billion fortune last year to a holding company based in the British Virgin Islands, a collection of more than 60 islands 5,600 miles away from Moscow.  Global economy right, plus the weather is nicer.

Read Robert La Franco and Alex Sazonov’s Daily Business Review article here:

http://bloom.bg/ZpN83R

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Russian Billionaire Goes BVI