October 28, 2011 By Citizen M

The Golden Rule Of Dealing With Putin

It seems that Vladimir Putin has not finished with Mikhail Prokhorov just yet.  The tycoon, who briefly led the Right Cause ‘opposition party’ and fell foul of the Kremlin by calling untouchable strategist Vladislav Surkov a ‘puppet master’, has learned the hard way that if your foray into politics does not end happily for the Kremlin, there will be a price to pay.  In what one Troika dialog analyst described as a ‘surprising move’, Prokhorov’s gold miner, Polyus Gold, has been refused permission to list on the prestigious London stock exchange (at least for the moment ) by the body that approves foreign investments, led by none other than Vladimir Putin.  Reuters considers how badly the delay will affect the miner’s prospects:

While Britain’s relationship with Russia has been rocky in recent years, London’s draw is more powerful than ever for Russian businessmen who seek capital, prestige and a haven from the rough and tumble of their home country’s business world.
“When you’re worth $10 billion you are probably less focused on getting to the next $20 billion — you’re probably thinking: ‘How do I preserve what I have?'” said one senior banker.