The Russian banker who has come under scrutiny for his ties to Jared Kushner, a close adviser to US president Donald Trump, is being pushed out by Vladimir Putin and will be replaced by a former deputy prime minister to the Russian president.
Mr Putin replaced Sergei Gorkov as chief executive of VEB, an ailing state development bank, with former first deputy prime minister Igor Shuvalov on Thursday. Mr Shuvalov promised “not to let [Mr Putin] down”.