Three major banks rescued industrialist Igor Zyuzin’s coal and steel firm Mechel from what would have been Russia’s biggest ever corporate collapse. The commodity price slump and sanctions over the conflict in Ukraine have hurt the economy and unsettled Putin’s grip on power. If Mechel went bankrupt it could lead to layoffs among the firm’s […] …read more
Insight-In Economic Crisis, Putin Helps a Mogul He Once Attacked
