February 22, 2011 By Citizen M

Sechin Says Investors Have Nothing to Fear

igor-sechin_4-t.jpgToday’s Wall Street Journal has managed the feat of getting an interview (albeit a somewhat tetchy one) with siloviki chieftain and Deputy Prime Minister Igor Sechin.  The Rosneft Chairman had plenty to talk about regarding the new dispute-sparking deal with BP, whilst also refuting comparisons between Russia and Egypt, and blaming Google for manipulating the demos into overthrowing the creaking Mubarak regime.  He was also particularly keen to stress the benefits of investing in Russia, going so far as to volunteer the example of much-aggrieved former Russia investor Bill Browder, as the model of a happy customer:

You know, Mr. Browder [William Browder of Hermitage Capital] is often mentioned by the media, in connection with this name you can discuss everything, but not the economic outcomes of his work. I think in terms of profit from cooperation with the Russian assets, he is a happy man. The effectiveness is just the highest–thousands of percent return on invested capital!

WSJ: But then the entry to the country was denied for him, and his poor lawyer died in jail.

Sechin: A death of any human being is a tragedy. In such cases, one should always act according to law. A criminal case was opened upon the death, the investigation is under way, and I am confident that the court will clear up everything.