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Arrest of one of Russia's business elite worries investors
Arrest of one of Russia's business elite worries investors

"Thank God We're VIPs," proclaims a billboard in Zhukovka, a riverside village near Moscow lined with grandiose mansions that shelter Russia's rich and powerful. But membership in the elite community of oligarchs did little to protect billionaire Vladimir Yevtushenkov from state investigators who have accused him of money laundering when his AFK Sistema group acquired one of Russia's last privately owned oil companies five years ago. The arrest of Yevtushenkov sent Russian markets tumbling and compounded investor fears fueled by the tightening of Western sanctions last week on Russia's energy sector over Moscow's support of separatists in neighboring...

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