Things have ended poorly for Alex Fak, one of the (now former) analysts at Sberbank CIB who concluded in a recent study that the main beneficiaries of Russia’s export gas pipelines to China (the “Power of Siberia”) and Europe (“Nord Stream 2” and “TurkStream”) are the contractors hired to build the pipelines, not Gazprom or its shareholders. These contractors include Stroygazmontazh (owned by Arkady Rotenberg) and Stroytransneftegaz (half of which is owned by Gennady Timchenko and his family).
Meduza: Sberbank fires the analyst who criticized Gazprom and Rosneft
This picture taken on Sept. 19, 2012 shows Sberbank's headquarters in Moscow.
