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Russian economy to face emergency with the detention of top US investor, says Kudrin


Devdiscourse News Desk moscow Russian Federation
Updated: 19-02-2019 00:19 IST
Russian economy to face emergency with the detention of top US investor, says Kudrin

Image Credit: Wikimedia

The detention in Russia of Baring Vostok's U.S. founder Michael Calvey is an emergency for the Russian economy, former finance minister Alexei Kudrin, now head of the Audit Chamber said on Monday.

"I find this particular situation (to be) an emergency for the economy," Kudrin tweeted. He said Calvey's detention shows Russian President Vladimir Putin's order not to jail people accused of economic crimes was being ignored.

Calvey, a senior partner at Baring Vostok and among Russia's most prominent foreign investors, was detained on Thursday along with other executives after investigators accused them of embezzling 2.5 billion roubles ($37.76 million).

(With inputs from agencies.)

COUNTRY : Russian Federation

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