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Gennady Timchenko-Leonid Mikhelson's rock-solid alliance holds strong amid gas turmoil

President of the Republic of Tatarstan Rustam Minnikhanov, chairman of the Board at Sibur Holding Dmitry Konov, chairman of the Board of Directors at TAIF Albert Shigabutdinov and Leonid Mikhelson, chairman of the Board of Directors at Sibur Holding, during a ceremony to sign an agreement on the merger between Sibur Holding and TAIF, at Kazan, 24 September.
President of the Republic of Tatarstan Rustam Minnikhanov, chairman of the Board at Sibur Holding Dmitry Konov, chairman of the Board of Directors at TAIF Albert Shigabutdinov and Leonid Mikhelson, chairman of the Board of Directors at Sibur Holding, during a ceremony to sign an agreement on the merger between Sibur Holding and TAIF, at Kazan, 24 September. © SIBUR
With gas prices skyrocketing in Europe, Russian gas is going from strength to strength. Behind the success is the work of its well-connected entrepreneurs, not the least Gennady Timchenko and Leonid Mikhelson, whose business successes stretch from Kazan to the Artic. [...] (561 words)
Issue dated 05/10/2021 Reading time 3 minutes

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UKRAINE 12/10/2021

Odessa's port industries seek to navigate between oligarchs and private investors to survive 

The rise in gas prices has caught Odessa's heavy industry by surprise, forcing one of its main factories to cease production. While this is a temporary setback, it does highlight the fact that the port area remains plagued by deep-seated problems that have not yet been resolved by privatisation or de-oligarchisation projects. [...]
The chemical factories in the port of Odessa.
The chemical factories in the port of Odessa. © Yevgeni Volokin/Reuters

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