On Sept. 16 Vladimir Yevtushenkov, the president and principal shareholder of AFK Sistema, was accused of money-laundering and placed under house arrest by a Moscow court. It is unlikely that the arrest is part of a co-ordinated strategy to revise the relationship between the state and business. Rather, the affair marks an opportunistic attack by a faction within the elite seeking to take control of AFK Sistema's assets.
Economist: The arrest of a billionaire does not bode well for Russia’s economy
A file photo taken on Feb. 5, 2005 shows Vladimir Yevtushenkov, president of Russian holding company Sistema in London.
