Thursday, September 18, 2014

Arrest Jewtuszenkowa spoils the business climate in Russia – Onet.pl

– This certainly will affect the investment climate. It is obvious that there is a suspicion that some are behind this economic motives, and this complicates the process of decision-making by investors – told reporters Ulukajew.

This is the first critical comment on the arrest Jewtuszenkowa derived from the representative of the Russian government. On Wednesday, the Russian president’s press secretary Dmitry Peskov said that the issue of stopping the oligarch has nothing to do with politics.

– We have forecasts of (economic growth) in the area of ​​investment of -2.4 per cent., but certainly there is a risk that even this forecast is at stake, and we are waiting for an explanation of this situation – he added, referring to the arrest oligarch .

Meanwhile, the President of the Russian Union of Industrialists and Entrepreneurs (RSPP) Alexander Szochin on Wednesday compared the situation with Jewtuszenkowem to the Yukos case.

Analysts estimate that the arrest of chairman of the board of directors and principal shareholder AFK Sistema holding multi-discipline can be an attempt to force him to sell shares of oil company Bashneft state-controlled Rosneft. It is headed by Igor Sechin, one of the closest associates of Vladimir Putin.

Rosneft denies the allegations.

As Reuters says, the arrest of the head of AFK Sistema fueling worries that the practice of government intervention in business is becoming more common and it may even affect the company loyal to the Kremlin.

oligarch detention and the charges against him informed in Tuesday Investigative Committee of the Russian Federation. According to the Committee Jewtuszenkow was arrested as part of an investigation into the theft of company shares fuel and energy sector of Bashkortostan and their legalization. Bashkortostan is rich in crude oil in the Urals republic.

On the news of the arrest oligarch fell sharply stock quotes, and holding Sistema lost a third of its stock market value; severely affect the mood in the capital market in the period in which the already weakened Russia’s economy is suffering seriously as a result of the imposition of Moscow American and European sanctions – like Reuters.

Ulukajew also told reporters that Moscow has not prepared a list of targeted sanctions against the West in retaliation for the restrictions imposed by Russia. “There is no pre-prepared decision. In this situation it was unproductive, since taking any such action must take into account the interests of our consumers, and I do not see an easy way to carry it – he said.

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Arrest Jewtuszenkowa spoils the business climate in Russia – Onet.pl

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