Thursday 31 December 2015

Putin's son-in-law boosted by $1.75 billion Russian state loan

Putin's son-in-law boosted by $1.75 billion Russian state loan

The son-in-law of Vladimir Putin stands to benefit from $1.75 billion in cheap finance from the Russian state, a Reuters examination of public documents shows. The money will help fund a petrochemical project at a company in which Kirill Shamalov, husband of Katerina Tikhonova, the Russian president's younger daughter, has a significant interest. Shamalov is a major shareholder in Sibur, Russia's largest processor of petrochemicals.
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