Posts Tagged ‘chichverkin’

June 2011

A ghost at the banquet

The Moscow News

The general mood at VTB Capital’s “Russia Calling” forum in London was one of cautious optimism about changes under way in reforming the economy, but there was one harsh reminder of the huge mountain to climb in improving the business climate.

Former Yevroset boss Yevgeny Chichvarkin, like Banquo’s ghost at the feast in “Macbeth”, turned up outside the forum to protest that Russia is still not calling him back, despite criminal charges being dropped against him by prosecutors.

Most investors inside the forum were at pains to stress that cases such as that of Chichvarkin and Sergei Magnitsky, the hedge fund lawyer whose died in jail after his company was embroiled in a bitter dispute with law enforcement officers , are still relatively isolated, and that most foreign investors in Russia make a lot of money out of the country.

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